Product Development Specialist Salary

A Product Development Specialist earns an average salary of $52,266 per year. Experience has a moderate effect on income for this job. A skill in Data Analysis is associated with high pay for this job. Most people with this job move on to other positions after 20 years in this career.

$37,248 - $84,040
(Median)
$37K
$52K
$84K
MEDIAN: $52,266
10%
50%
90%

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$13.60 - $27.81
(Median)
$14
$18
$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$29K$58K$87K
Salary
$37,248 - $84,040  
   
Bonus
$0.00 - $9,060  
Profit Sharing
$300.00 - $13,000  
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).
)
$35,651 - $86,403  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 332
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
$13.60 - $27.81  
   
Overtime
$0.00 - $55.25  
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 - $9,060  
   
Profit Sharing
$300.00 - $13,000  
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).
)
$35,651 - $86,403  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 44
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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

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Experience Affects Product Development Specialist Salaries

Late-Career
up arrow 46%

Experienced
up arrow 31%

Mid-Career
up arrow 11%

National Average
$52,000


Skills That Affect Product Development Specialist Salaries

Data Analysis
up arrow 34%

Project Management
up arrow 4%

Product Development
0%

National Average
$52,000

Oral / Verbal Communication
up arrow 8%

Job Satisfaction

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

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
6%
1-4 years
48%
5-9 years
29%
10-19 years
11%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 78%
vision benefits Vision: 62% employee benefits None: 9%
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