Product Development Specialist Salary

The average salary for a Product Development Specialist is $52,739 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.

$37,457 - $86,873
(Median)
$37K
$53K
$87K
MEDIAN: $52,738
10%
50%
90%

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$13.59 - $28.77
(Median)
$14
$19
$29
MEDIAN: $18.00
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$30K$60K$90K
Salary
$37,457 - $86,873  
   
Bonus
$0.00 - $9,830  
Profit Sharing
$206.08 - $11,745  
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).
)
$36,066 - $87,052  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 389
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$16$32$48
Hourly Rate
$13.59 - $28.77  
   
Overtime
$0.00 - $46.37  
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$32K$64K$96K
Bonus
$0.00 - $9,830  
   
Profit Sharing
$206.08 - $11,745  
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).
)
$36,066 - $87,052  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 60
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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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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

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Experience Affects Product Development Specialist Salaries

Late-Career
up arrow 44%

Experienced
up arrow 32%

Mid-Career
up arrow 9%

National Average
$52,000


Skills That Affect Product Development Specialist Salaries

Data Analysis
up arrow 18%

Project Management
up arrow 3%

National Average
$52,000

Product Development
up arrow 1%

Oral / Verbal Communication
up arrow 8%

Product Support
up arrow 9%

Design
up arrow 9%

Technical Writing
up arrow 18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 74 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
5%
1-4 years
50%
5-9 years
25%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 77%
medical benefits
Vision: 62%
dental benefits
None: 10%
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