Product Development Specialist Salary

A Product Development Specialist earns an average salary of $51,395 per year. Most people with this job move on to other positions after 20 years in this career.

$36,557 - $81,279
$37K
$51K
$81K
MEDIAN: $51,395
10%
50%
90%

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$13.94 - $28.51
$14
$19
$29
MEDIAN: $19.19
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Salary
$36,557 - $81,279  
   
Bonus
$0.00 - $9,775  
Profit Sharing
$197.27 - $10,137  
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).
)
$35,218 - $82,906  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 233
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$13.94 - $28.51  
   
Overtime
$19.01 - $43.86  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$0.00 - $9,775  
   
Profit Sharing
$197.27 - $10,137  
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).
)
$35,218 - $82,906  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 45

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

Common Career Paths for Product Development Specialist


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Product Development Specialist Job Listings

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Popular Skills for Product Development Specialist

Pay by Experience Level for Product Development Specialist

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

Related Job Salaries

Key Stats for Product Development Specialist

Gender

Female
54 %
Male
46 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.
Less than 1 year
7%
1-4 years
57%
5-9 years
17%
10-19 years
15%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Development Specialist Salaries

Late-Career
▲38%

▲16%

▲12%

National Average
$50,000

▼4%

Skills That Affect Product Development Specialist Salaries




National Average
$50,000

Oral / Verbal Communication
▼6%

Design
▼7%

Product Support
▼8%

Technical Writing
▼16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
7%
1-4 years
57%
5-9 years
17%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 80%
vision benefits
Vision: 67%
dental benefits
None: 9%
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