Sr. Vice President (SVP), Product Development Salary

A Sr. Vice President (SVP), Product Development earns an average salary of $183,259 per year. Most people in this job have more than five years' experience in related jobs.

$121,099 - $248,036
$120K
$180K
$250K
MEDIAN: $183,259
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$100K$200K$300K
Salary
$121,099 - $248,036  
   
Bonus
$9,944 - $80,000  
Profit Sharing
$40,452  
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).
)
$124,067 - $289,656  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 64

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United States (change)

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Job Description for Sr. Vice President (SVP), Product Development

A senior vice president of product development is generally an executive position, and a bachelor’s degree in business or a related field and many years of experience are required. Product development SVPs help to set the direction for products to be created by the company, and they oversee the work of several employees who develop product ideas and eventually get these products into the market. There are often several proposals to be evaluated at once, and the best products should be chosen for the company based on allocation of time, money, and other resources.

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Sr. Vice President (SVP), Product Development Tasks

  • Oversee and coordinate organization-wide activities related to product development, production, and pricing.
  • Establish and implement policies and standards, in conformance with organizational and industry norms.
  • Review and shape budget and objectives for realistic planning to meet competitive goals.
  • Coordinate with marketing, legal and accounting teams as needed to complete product development goals.
  • Use market and technical research to direct teams from initial ideation through production and into marketing.

Common Career Paths for Sr. Vice President (SVP), Product Development


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Sr. Vice President (SVP), Product Development Job Listings

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Key Stats for Sr. Vice President (SVP), Product Development

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
1-4 years
2%
5-9 years
6%
10-19 years
31%
20 years or more
61%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Sr. Vice President (SVP), Product Development Salaries

▲8%

National Average
$209,000

Experienced
▼4%

Mid-Career
▼40%

Skills That Affect Sr. Vice President (SVP), Product Development Salaries

People Management
▲9%

Product Development
▲7%

Project Management
▲4%

National Average
$209,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

1-4 years
2%
5-9 years
6%
10-19 years
31%
20 years or more
61%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 87%
vision benefits
Vision: 82%
dental benefits
None: 4%
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