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

The average pay for a Vice President (VP) of Product Development is $145,505 per year. Skills that are associated with high pay for this job are Business Strategy and Product Marketing. Most people in this job have more than five years' experience in related jobs.
Vice President (VP) of Product Development Total Pay (?
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.
)
$91,576 - $192,549
(Median)
92K
120K
150K
170K
190K
MEDIAN: $145,504
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
$91,576 - $192,549  
   
Bonus
$3,636 - $48,326  
Profit Sharing
$2,436 - $26,794  
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).
)
$97,186 - $226,587  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 668
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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.
Read more about: Private Sector Executives

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 51%
Chicago
up arrow 7%
Atlanta
up arrow 5%
Phoenix
up arrow 5%
Seattle
up arrow 2%
National Average
$159,000
Boston
up arrow 2%
Dallas
up arrow 2%
Los Angeles
up arrow 9%
San Diego
up arrow 9%
Salt Lake City
up arrow 12%
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 30%

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

Business Strategy
up arrow 24%
Data Analysis
up arrow 6%
Leadership
up arrow 6%
Presentation
up arrow 4%
Project Management
up arrow 1%
National Average
$159,000
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 187 votes.

Gender

Female
21%
female alumni
 
Male
79%
male alumni

Years of Experience

1-4 years
4%
5-9 years
12%
10-19 years
55%
20 years or more
28%

Common Health Benefits

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