The average pay for a Product Development Manager is Rs 998,631 per year. The skills that increase pay for this job the most are People Management and Windows Operating System General Use. Most people move on to other jobs if they have more than 20 years' experience in this field.

Rs 363,436 - Rs 2,420,534
Rs 360K
Rs 1M
Rs 2M
MEDIAN: Rs 1,109,045
10%
50%
90%
Rs 0Rs 2M
Salary Rs 363,436 - Rs 2,420,534
Bonus Rs 8,107 - Rs 344,782
Profit Sharing Rs 0.00 - Rs 407,569
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).
)
Rs 391,889 - Rs 2,553,039
  • Country: India
  • Currency: INR
  • Updated: 20 Jan 2018
  • Individuals Reporting: 449

Job Description for Product Development Manager

Product development managers are in charge of the analysis and application of products to the general consumer market. Product development managers typically are host to an assortment of creative work-flows, thought processes and application systems. They are also expected to be capable of market analysis at high levels and to demonstrate mastery of critical thought processes. Product development managers must identify the need for a product on the current or near future market and also identify an outline in which the product can be created and delivered to the general populace; however, the specifics of these systems is not their concern. Product development managers are expected to be very flexible in their availability and willing to devote long hours of deliberation toward meeting the needs presented by consumers with the products in development. Product development managers are also expected to have adequate interpersonal skills as they will be working with other employees in virtually all situations. They are expected to have an understanding of current and past marketing trends as well as the economic insight to reasonably predict new ones. Product managers are also expected to have a very intimate understanding of promotional processes and advertising as well as their effect on the general public. Product managers are expected to also understand public relations and their relationship to forthcoming products as well as the current areas of interest in the rising market (e.g. environmentally friendly products). Product managers must have proficiency in Microsoft Office and understanding of information facilitation via these channels. (Copyright 2018 PayScale.com)


Product Development Manager Tasks

  • Collaborate with sales and marketing to develop new business.
  • Assist in scale up to commercialization.
  • Manage the product development project pipeline and assignment and prioritization of resources.

Product Development Manager Pay By Employer

$0$59K

Fossil, Inc.
7 profiles
$49,419

Product Development Manager Job Listings

Popular Skills for Product Development Manager

Pay by Experience Level for Product Development Manager

Pay by Experience for a Product Development Manager has a positive trend. An entry-level Product Development Manager with less than 5 years of experience can expect to earn an average total compensation of Rs 534,000 based on 50 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Development Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 949,000 based on 65 salaries. An experienced Product Development Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 1,611,000 based on 93 salaries. A Product Development Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 1,722,000 based on 18 salaries.

Pay Difference by Location

49%

35%

2%

-10%

-31%

-35%

National Average: Rs 1,178,766

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

Product Development Manager Reviews

Q: What is it like working as a Product Development Manager?

Product Development Manager in Mumbai:
"To design ,develop & help launch of the new project"
Pros: Research & development. Innovation and creativity in the job.
Cons: Nothing

Related Job Salaries

Key Stats for Product Development Manager

Gender

Female
8 %
Male
92 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.
Less than 1 year
2%
1-4 years
17%
5-9 years
26%
10-19 years
48%
20 years or more
6%

Experience Affects Product Development Manager Salaries

▲46%

▲37%

National Average
Rs 1,179,000

▼19%

▼55%

Skills That Affect Product Development Manager Salaries

People Management
▲36%

Windows Operating System General Use
▼0%

National Average
Rs 1,179,000






Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.

Gender

Female
8 %
Male
92 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
26%
10-19 years
48%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 12%
vision benefits
Vision: 9%
no benefits
None: 23%