£43,731
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

£4,985

Bonus

£1,500

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Product Development Manager in London, England: London is {{pay}} per hour.

The average pay for a Product Development Manager in London, England: London is £43,731 per year.

10%
£0.00
10%
£0.00
50%
£0.00
90%
90%
MEDIAN £0.00
10%
£29k
10%
£44k
50%
£73k
90%
90%
MEDIAN £43,731
£29,470 - £72,986
£29K
£44K
£73K
MEDIAN: £43,731
10%
50%
90%
£0£80K
Salary £29,470 - £72,986
Bonus £1,163 - £12,684
Profit Sharing £1,500
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).
)
£29,933 - £80,845
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 22 May 2019
  • Individuals Reporting: 107

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 2019 PayScale.com)

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

Product Development Manager Job Listings

Key Stats for Product Development Manager

Gender

Female
50 %
Male
50 %
1-4 years
36%
5-9 years
36%
10-19 years
23%
20 years or more
5%

Experience Affects Product Development Manager Salaries

▲54%

National Average
₤47,000

▼3%

▼22%

Skills That Affect Product Development Manager Salaries

National Average
₤47,000


Microsoft Office
▼16%


Microsoft Word
▼27%


Gender

Female
50 %
Male
50 %

Years of Experience

1-4 years
36%
5-9 years
36%
10-19 years
23%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 56%
dental benefits
Dental: 14%
vision benefits
Vision: 14%
no benefits
None: 41%