$79,437
Avg. Salary
$21.56
Avg. Hourly Rate

Average additional compensation:

$7,305

Bonus

$3,500

Profit Sharing

$4,913

Commission

What am I worth?
How should I pay?

The average pay for a Product Development Manager is $21.56 per hour.

The average pay for a Product Development Manager is $79,437 per year.

10%
$14.08
10%
$21.56
50%
$36.37
90%
90%
MEDIAN $21.56
10%
$49k
10%
$79k
50%
$121k
90%
90%
MEDIAN $79,437
$48,976 - $121,450
$49K
$79K
$120K
MEDIAN: $79,437
10%
50%
90%

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$14.08 - $36.37
$14
$22
$36
MEDIAN: $21.56
10%
50%
90%

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$0$130K
Salary $48,976 - $121,450
Bonus $1,027 - $19,552
Profit Sharing $483 - $11,964
Commission $964 - $20,608
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).
)
$48,716 - $130,380
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 2,459
Hourly Data $0$58
Hourly Rate $14.08 - $36.37
Overtime $22.17 - $58.17
Annual Data $0$130K
Bonus $1,027 - $19,552
Commission $964 - $20,608
Profit Sharing $483 - $11,964
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).
)
$48,716 - $130,380
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 85

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.

Common Career Paths for Product Development Manager


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Product Development Managers do not often transition into VP of Product Development roles. The role averages $152K per year. Career advancement for the typical Product Development Manager often leads to becoming a Product Development Director or a Senior Product Manager; median salaries in these positions are $39K higher and $44K higher, respectively.

Product Development Manager Job Listings

Popular Skills for Product Development Manager


Survey takers working as Product Development Managers report using a large range of professional skills. Most notably, skills in Engineering Design, People Management, Project Management, and Product Management are correlated to pay that is above average. Those listing Adobe Illustrator as a skill should be prepared for drastically lower pay. Microsoft Excel and Sourcing also typically command lower compensation. The majority of those who know Product Development also know Microsoft Excel and Microsoft Office.

Pay by Experience Level for Product Development Manager

Pay by Experience for a Product Development Manager has a positive trend. An entry-level Product Development Manager with less than 5 years of experience can expect to earn an average total compensation of $64,000 based on 523 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Development Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $81,000 based on 500 salaries. An experienced Product Development Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $100,000 based on 442 salaries. A Product Development Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $110,000 based on 142 salaries.

Pay Difference by Location

National Average: $81,603

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

Surpassing the national average by 25 percent, Product Development Managers in Boston receive some of the highest pay in the country. Product Development Managers will also find cushy salaries in Atlanta (+24 percent), Chicago (+14 percent), San Francisco (+11 percent), and Rochester (+4 percent). Product Development Managers in Miami take home the lowest salaries, earning a whopping 34 percent less than the national average. Not at the bottom but still paying below the median are employers in Los Angeles and Minneapolis (14 percent lower and 4 percent lower, respectively).

Product Development Manager Reviews

Q: What is it like working as a Product Development Manager?

Product Development Manager in Burleson:
"Empowered decision making."
Pros: Managing a team that is over our core products is both challenging and exciting. I have product decision responsibilities with close to complete autonomy. This is a new position for our company. The product responsibilities were held by our owner. This means that we have a lot of influence over the direction of the company.
Cons: I feel like I'm underpaid. We're going through a transition where we are formalizing product development processes. This is challenging and resulting in tension between the product and IT teams.

Product Development Manager in New York:
"Job inquality, unprofesional managment."
Company observes strict religious practices. Women are not treated and compensated as equally as men. Company grew fast, management not experienced or prepared. Unprofessional relationships between management and employees.

Product Development Manager in Bentonville:
"No development just stress and headaches."
Change careers or learn product design and cad.

Product Development Manager in San Francisco:
"Every day I work with a team that wants to change the world."
Pros: I'm doing what I love. I get talk with people about their dreams and then help make them a reality. I get to relate with our customers and show them that we are cut from the same cloth, and that I am on their side and I want to make the tools they need.
Cons: Giving all-hands presentations, public speaking is a nightmare.

Product Development Manager in Chicago:
"Constant learning & creating products."
Pros: Developing rough ideas to fully marketable products.
Cons: You have to be an expert in many areas of the business.

Product Development Manager in Concord:
"Hmm..."
Pros: Working with interesting software.
Cons: Inconsistencies in practices and questionable ethics.

Product Development Manager in Hayward:
"Seek Your Passion Not A Job."
A job is just that a job. When your day to day activity involves applying skills and experience in support of your passion then work is not involved. Daily stress and frustration are lost in the bigger picture. In my field, Metallurgical Engineering, I can truly say the daily take-away is that literally everything I do and accomplish with others contributes to improving peoples lives. Knowing that one small fact makes my day, everyday. I have the privilege to make contributions to the fields of medical, aerospace, space exploration, automotive, electronics, micro-electronics, power generation and distribution, hi-rise construction and many other fields of advanced technology. To be an engineer one must be both theoretical and above all practical. It is a field for optimists, dreamers, possessing sufficient confidence and dogged determination to bring new things to our world.

Related Job Salaries

Key Stats for Product Development Manager

Gender

Female
49 %
Male
51 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 463 votes.
Less than 1 year
2%
1-4 years
28%
5-9 years
30%
10-19 years
28%
20 years or more
12%

Experience Affects Product Development Manager Salaries

▲35%

▲22%

National Average
$82,000

▼1%

▼22%

Skills That Affect Product Development Manager Salaries




National Average
$82,000

Product Management
▼2%




▼9%




▼15%

▼15%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 463 votes.

Gender

Female
49 %
Male
51 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
30%
10-19 years
28%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 78%
vision benefits
Vision: 67%
no benefits
None: 10%