A Sr. Vice President (SVP), Product Development earns an average salary of $183,171 per year. Most people in this job have more than five years' experience in related jobs.

$123,503 - $249,369
(Median)
$120K
$180K
$250K
MEDIAN: $183,170
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
$123,503 - $249,369  
   
Bonus
$10,000 - $98,870  
Profit Sharing
$50,000  
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).
)
$123,503 - $297,517  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 55
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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

  • 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.
  • Pilot product ideas to fill market gaps, evaluating their potential success to grow product portfolio.
  • 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.

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


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


National Average
$218,000

Experienced
up arrow 9%

Mid-Career
up arrow 43%

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

People Management
up arrow 4%

Product Development
up arrow 1%

Project Management
up arrow 1%

National Average
$218,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

1-4 years
2%
5-9 years
5%
10-19 years
29%
20 years or more
64%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
medical benefits
Vision: 80%
dental benefits
None: 9%
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