Product Development Specialist Salary

The average salary for a Product Development Specialist is $52,619 per year. A skill in Data Analysis is associated with high pay for this job. Most people move on to other jobs if they have more than 20 years' experience in this career.

$38,468 - $86,566
(Median)
$38K
$53K
$87K
MEDIAN: $52,618
10%
50%
90%

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$13.46 - $28.12
(Median)
$13
$19
$28
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Salary
$38,468 - $86,566  
   
Bonus
$0.00 - $9,500  
Profit Sharing
$408.51 - $13,702  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,290 - $88,590  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 310
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$19$38$57
Hourly Rate
$13.46 - $28.12  
   
Overtime
$0.00 - $54.87  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $9,500  
   
Profit Sharing
$408.51 - $13,702  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,290 - $88,590  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 40

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Job Description for Product Development Specialist

A product development specialist's main job is to develop products, strategies, and business plans for upcoming products within their company. They watch the market trends to develop plans that will increase sales, establish deadlines, and ensure the product development teams are on schedule. Product development specialists need to communicate with other departments and vendors on the status of the product, as well as provide clear guidelines for the project and solicit and incorporate feedback. Typical employers for product development specialists are companies that create products or services; this is generally a full-time position that takes place in an office setting, although overtime may be required depending on the needs of the company. Travel may be needed depending on the employer's requirements.

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Product Development Specialist Tasks

  • Develop prototypes and document product specifications.
  • Evaluate consumer preferences using internal tools and turn them into recommendations for product enhancement or innovation.
  • Assist in the development and implementation of operational guidelines and objectives for the product portfolio.
  • Design, execute, and manage projects.
  • Research and compile reports on the state of the industry, trend forecasts, and competitive analysis.

Common Career Paths for Product Development Specialist


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Product Development Specialist Job Listings

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Pay by Experience Level for Product Development Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Related Job Salaries

United States (change)

Experience Affects Product Development Specialist Salaries

Late-Career
up arrow 44%

Experienced
up arrow 34%

Mid-Career
up arrow 10%

National Average
$52,000

Entry-Level
up arrow 5%

Skills That Affect Product Development Specialist Salaries

Data Analysis
up arrow 33%

Project Management
up arrow 4%

National Average
$52,000

Product Development
up arrow 1%

Oral / Verbal Communication
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 72 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
48%
5-9 years
29%
10-19 years
9%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 76%
vision benefits Vision: 61% employee benefits None: 9%