Vice President (VP) of Product Development Salary (United States)

The average pay for a Vice President (VP) of Product Development is $145,211 per year. Most people in this job have more than five years' experience in related jobs.
Vice President (VP) of Product Development 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.
)
$88,571 - $193,370
(Median)
89K
120K
150K
170K
190K
MEDIAN: $145,211
10%
25%
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$80K$160K$240K
Salary
$88,571 - $193,370  
   
Bonus
$3,054 - $48,400  
Profit Sharing
$2,447 - $26,425  
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).
)
$93,363 - $225,179  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 641
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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
  • Ensure that products meet the brand standards as well as consumer needs.
  • Conduct technical, competitive, and trend analysis to identify and evaluate potential products.
  • Lead product development and production teams from initial inception to final product.
  • Guide product placement and pricing strategies.

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

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Vice President (VP) of Product Development Job Listings

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Popular Skills for Vice President (VP) of Product 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.

Pay Difference By Location

San Jose
up arrow 54%
up arrow 10%
Chicago
up arrow 5%
Phoenix
up arrow 5%
Seattle
up arrow 3%
National Average
$159,000
Boston
up arrow 1%
Atlanta
up arrow 2%
Salt Lake City
up arrow 9%
Los Angeles
up arrow 10%
Larger circles over a city indicate a job is popular in that location.

Vice President (VP) of Product Development Reviews

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

Experience Affects Vice President (VP) of Product Development Salaries

National Average
$159,000
Entry-Level
up arrow 31%

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

Data Analysis
up arrow 3%
Presentation
up arrow 3%
Business Development
up arrow 1%
National Average
$159,000
Project Management
up arrow 3%
Media / Public Relations
up arrow 8%
Data Modeling
up arrow 9%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 175 votes.

Gender

Female
22%
female alumni
 
Male
78%
male alumni

Years of Experience

1-4 years
5%
5-9 years
13%
10-19 years
56%
20 years or more
26%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 82%
vision benefits Vision: 67% employee benefits None: 6%
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