Vice President (VP) of Product Development Salary

Commissions comprise a big part of overall income for VPs of Product Development. The median take-home amount in this area is around $157K, and on average, just under three-fifths of that final number comes from commissions. With some bonuses approaching $56K and certain profit sharing proceeds approaching $50K, overall incomes of VPs of Product Development spread between $95K and $247K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by career length. Most VPs of Product Development report high levels of job satisfaction. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to the larger part. Generally, women make up less than a third of all VPs of Product Development who answered the questionnnaire. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$90,299 - $210,950
$90K
$150K
$210K
MEDIAN: $145,154
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$90K$180K$270K
Salary
$90,299 - $210,950  
   
Bonus
$5,000 - $55,956  
Profit Sharing
$993 - $50,335  
Commission
$88,437  
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).
)
$95,374 - $247,263  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 460

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United States (change)

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Job Description for Vice President (VP) of Product Development

Vice presidents (VPs) of product development are usually members of the upper-management team within an organization. This position is classified as a technology job and usually reports to the chief technology officer, the chief engineering officer, or another department leader. Vice presidents of product development usually have many employees who work under them and a group of managers who report in directly to them. Individuals in this position are responsible for managing all product development activities undertaken by the product development team. The objective of this position is to ensure that the product development team meets the needs of the organization and satisfies all customer requirements.

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Vice President (VP) of Product Development Tasks

  • Lead product development and production teams from initial inception to final product.
  • Guide product placement and pricing strategies.
  • Ensure that products meet the brand standards as well as consumer needs.
  • Conduct technical, competitive, and trend analysis to identify and evaluate potential products.

Common Career Paths for Vice President (VP) of Product Development


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VPs of Product Development often end up in upper-level roles like Senior Vice President of Product Development. Senior Vice Presidents of Product Development bring home $188K annually on average.

Vice President (VP) of Product Development Job Listings

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Popular Skills for Vice President (VP) of Product Development


VPs of Product Development seem to require a rather large skill set. Most notably, skills in Product Management, Software Development, Strategic Project Management, and Business Development are correlated to pay that is above average, with boosts between 6 percent and 12 percent. Skills that are correlated to lower pay, on the other hand, include Product Marketing, Data Analysis, and Presentation. Those proficient in Product Development are, more often than not, also skilled in Project Management and Business Development.

Pay by Experience Level for Vice President (VP) of Product Development

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many VPs of Product Development, more experience generally translates to higher pay. Substantial, six-figure paychecks show up early in this area; folks who have worked for fewer than five years report earning a median of $118K. For VPs of Product Development, 10 to 20 years of experience on the job amounts to an average salary of $164K. VPs of Product Development with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $183K.

Pay Difference by Location

National Average: $156,585

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 56 percent, VPs of Product Development in San Jose receive some of the highest pay in the country. VPs of Product Development can also look forward to large paychecks in cities like Seattle (+39 percent), Atlanta (+32 percent), Boston (+29 percent), and San Francisco (+13 percent). Portland is the lowest-paying area, 19 percent south of the national average. Employers pay around 17 percent less in Dallas and 13 percent less in Denver, below-median salaries for those in this field.

Vice President (VP) of Product Development Reviews

Q: What is it like working as a Vice President (VP) of Product Development?

Vice President (VP) of Product Development in St. Augustine:
"Working In A Start-up Is Stressful."
Pros: Being able to be creative but in the context of a business environment.
Cons: A lot of stress in a start-up environment with little reward up front.

Related Job Salaries

Key Stats for Vice President (VP) of Product Development

Gender

Female
25 %
Male
75 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.
Less than 1 year
1%
1-4 years
5%
5-9 years
17%
10-19 years
41%
20 years or more
36%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP) of Product Development Salaries

▲17%

▲5%

National Average
$157,000

▼13%

▼25%

Skills That Affect Vice President (VP) of Product Development Salaries



Software Development
▲6%


Software Architecture
▲1%

Product Development
▼0%

National Average
$157,000

People Management
▼4%


Media / Public Relations
▼7%

Data Modeling
▼8%

▼10%

▼10%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 47 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
1%
1-4 years
5%
5-9 years
17%
10-19 years
41%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 82%
vision benefits
Vision: 66%
dental benefits
None: 7%
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