Product Development Specialist Salary (United States)

The average salary for a Product Development Specialist is $51,949 per year. Most people move on to other jobs if they have more than 20 years' experience in this career. Experience has a moderate effect on income for this job.
Product Development Specialist Salary (?
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.
)
$37,096 - $85,754
(Median)
37K
52K
68K
86K
MEDIAN: $51,949
10%
50%
75%
90%
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Product Development Specialist Salary (?
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.
)
$13.33 - $27.40
(Median)
13
17
24
27
MEDIAN: $17.00
10%
50%
75%
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$29K$58K$87K
Salary
$37,096 - $85,754  
   
Bonus
$0.00 - $8,109  
Profit Sharing
$503 - $13,906  
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).
)
$35,784 - $86,704  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 297
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$15$30$45
Hourly Rate
$13.33 - $27.40  
   
Overtime
$0.00 - $36.77  
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$30K$60K$90K
Bonus
$0.00 - $8,109  
   
Profit Sharing
$503 - $13,906  
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).
)
$35,784 - $86,704  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 36
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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.

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.

Pay Difference By Location

San Francisco
up arrow 59%
New York
up arrow 33%
Boston
up arrow 27%
National Average
$51,000
St. Louis
up arrow 4%
Los Angeles
up arrow 10%
Minneapolis
up arrow 11%
Larger circles over a city indicate a job is popular in that location.

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Experience Affects Product Development Specialist Salaries

Late-Career
up arrow 50%
Experienced
up arrow 32%
Mid-Career
up arrow 14%
National Average
$51,000
Entry-Level
up arrow 7%

Skills That Affect Product Development Specialist Salaries

Project Management
up arrow 2%
Product Development
0%
National Average
$51,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 93 votes.

Gender

Female
51%
female alumni
 
Male
49%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
47%
5-9 years
32%
10-19 years
10%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 76%
vision benefits Vision: 60% employee benefits None: 9%