The average salary for a Product Development Director is $113,687.
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Job Description for Product Development Director
Product development directors oversee the development and delivery of products on behalf of their company. They are responsible for managing the idea generation, planning, design, development, and implementation of products. Product development directors support life cycle and launch activities for products developed within the organization, and they use a personal computer as one of their main tools to keep track of product development, communicate with partners, and modify reports. Additionall…Read more
Product Development Director 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.
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Popular Skills for Product Development Director
Skills in Product Development, Product Management and Leadership are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Office and Project Management.
Pay by Experience Level for Product Development Director
An early career Product Development Director with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $91,999 based on 63 salaries. A mid-career Product Development Director with 5-9 years of experience earns an average total compensation of $102,802 based on 134 salaries. An experienced Product Development Director with 10-19 years of experience earns an average total compensation of $122,247 based on 242 salaries. In their late career (20 years and higher), employees earn an average total compensation of $129,310.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Product Development Director in their job title in San Francisco, California earn an average of 18.6% more than the national average. These job titles also find higher than average salaries in Minneapolis, Minnesota (15.8% more) and Los Angeles, California (6.1% more). The lowest salaries can be found in Dallas, Texas (18.6% less) and Chicago, Illinois (1.1% less).
Years of Experience
This data is based on 606 survey responses.
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