A Product Development Specialist earns an average salary of C$65,000 per year. Most people with this job move on to other positions after 20 years in this field. For the first five to ten years in this position, salary increases sharply, but any additional experience does not have a big effect on pay.

C$39,594 - C$77,984
C$40K
C$61K
C$78K
MEDIAN: C$61,406
10%
50%
90%
C$0C$86K
Salary C$39,594 - C$77,984
Bonus C$4,000
Profit Sharing C$1,250
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).
)
C$39,866 - C$86,718
  • Country: Canada
  • Currency: CAD
  • Updated: 17 Jan 2018
  • Individuals Reporting: 48

Job Description for Product Development Specialist

A product development specialist's main job is to develop products, strategies, and business plans for upcoming products within their company. They watch the market trends to develop plans that will increase sales, establish deadlines, and ensure the product development teams are on schedule. Product development specialists need to communicate with other departments and vendors on the status of the product, as well as provide clear guidelines for the project and solicit and incorporate feedback. Typical employers for product development specialists are companies that create products or services; this is generally a full-time position that takes place in an office setting, although overtime may be required depending on the needs of the company. Travel may be needed depending on the employer's requirements.

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Product Development Specialist Tasks

  • Design, execute, and manage projects.
  • Research and compile reports on the state of the industry, trend forecasts, and competitive analysis.
  • Assist in the development and implementation of operational guidelines and objectives for the product portfolio.
  • Develop prototypes and document product specifications.
  • Evaluate consumer preferences using internal tools and turn them into recommendations for product enhancement or innovation.

Product Development Specialist Job Listings

Key Stats for Product Development Specialist

Gender

Female
43 %
Male
57 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.
Less than 1 year
2%
1-4 years
42%
5-9 years
27%
10-19 years
17%
20 years or more
12%

Experience Affects Product Development Specialist Salaries

Mid-Career
▲20%

Experienced
▲15%

National Average
C$62,000

Entry-Level
▼4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
2%
1-4 years
42%
5-9 years
27%
10-19 years
17%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 81%
vision benefits
Vision: 73%
no benefits
None: 5%