£46,698
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

£4,914

Bonus

£2,750

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Product Development Manager is {{pay}} per hour.

The average pay for a Product Development Manager is £46,698 per year.

10%
£0.00
10%
£0.00
50%
£0.00
90%
90%
MEDIAN £0.00
10%
£33k
10%
£47k
50%
£71k
90%
90%
MEDIAN £46,698
£32,848 - £71,450
£33K
£47K
£71K
MEDIAN: £46,698
10%
50%
90%
£0£80K
Salary £32,848 - £71,450
Bonus £1,007 - £12,932
Profit Sharing £2,750
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).
)
£33,945 - £80,474
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 25 May 2019
  • Individuals Reporting: 109

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
  • 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 Job Listings

Pay Difference by Location

49%

National Average: £48,452

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

Key Stats for Product Development Manager

Gender

Female
40 %
Male
60 %
10-19 years
85%
20 years or more
15%

Skills That Affect Product Development Manager Salaries

National Average
₤48,000

Product Development
▼6%

Project Management
▼12%

Microsoft Excel
▼19%

Microsoft Word
▼20%

Microsoft Office
▼21%

Gender

Female
40 %
Male
60 %

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 15%
vision benefits
Vision: 17%
no benefits
None: 35%