The average salary for a Director, Product Development in Chicago, Illinois is $128,645.
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Job Description for Director, Product Development
A director of product development has many responsibilities related to product development within their organization. Their main task is creating and then implementing a development strategy for their company. They are also responsible for the implementation of procedures related to product development. Directors of product development are also accountable for setting annual performance goals and conducting evaluations of the staff. In addition, they also need to develop and implement best pract…Read more
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
Skills in People Management are correlated to pay that is above average. Skills that pay less than market rate include Design, Product Management, Leadership and 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. In their late career (20 years and higher), employees earn an average total compensation of $147,395.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Director, Product Development in their job title in San Francisco, California earn an average of 13.2% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (8.8% more) and New York, New York (5.7% more). The lowest salaries can be found in Dallas, Texas (20.1% less) and Los Angeles, California (5.0% less).
Years of Experience
This data is based on 31 survey responses.
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