Average Late-Career Director, Product Development Salary in Chicago, Illinois

$147,395
Avg. Salary
$29,479
Bonus
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The average salary for a Late-Career Director, Product Development in Chicago, Illinois is $147,395.
25%
$128k
MEDIAN
$147k
75%
$152k
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United States (change)
Salary
$128k - $152k
Bonus
$20k - $34k
Total Pay
$135k - $183k

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Job Description for Director, Product Development

Director, Product Development Tasks
  • Review new product ideas, present them to management, and work with other departments to determine feasibility.
  • Determine the cost of production.
  • Conduct market research to determine consumer needs and identify competitors.
  • Ensure products are produced according to design, quality, and price specifications.
  • Supervise product development process, coordinating department objectives and schedules.

Director, Product Development Job Listings

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Popular Skills for Director, Product Development

Pay by Experience Level for Director, Product Development

An early career Director, Product Development with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $107,107 based on 7 salaries. A mid-career Director, Product Development with 5-9 years of experience earns an average total compensation of $115,500 based on 9 salaries. An experienced Director, Product Development with 10-19 years of experience earns an average total compensation of $144,028 based on 8 salaries.
Employees with Director, Product Development in their job title in Boston, Massachusetts earn an average of 7.3% more than the national average. These job titles also find higher than average salaries in San Francisco, California (3.5% more). The lowest salaries can be found in Los Angeles, California (15.1% less), New York, New York (8.1% less) and Dallas, Texas (5.0% less).

Years of Experience

This data is based on 24 survey responses.
Early Career
29.2%
Mid Career
37.5%
Experienced
33.3%