The average salary for a Product Development Manager is $81,074.
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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…Read more
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.
Job Satisfaction for Product Development Manager
Popular Employer Salaries for Product Development Manager
The top respondents for the job title Product Development Manager are from the companies Schlumberger, Wal-Mart Stores, Inc and Blu Dot. Reported salaries are highest at Fannie Mae Corporation where the average pay is $140,000. Other companies that offer high salaries for this role include Schlumberger and Kohl's Department Stores Inc, earning around $131,090 and $120,000, respectively. Blu Dot pays the lowest at around $76,788. Humana, Inc. and Georgia-Pacific Corporation also pay on the lower end of the scale, paying $85,000 and $87,500, respectively.
Product Development Manager Job Listings
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Popular Skills for Product Development Manager
Skills in Project Management, Product Management and People Management are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Product Development.
Pay by Experience Level for Product Development Manager
An entry-level Product Development Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $56,759 based on 37 salaries. An early career Product Development Manager with 1-4 years of experience earns an average total compensation of $67,371 based on 689 salaries. A mid-career Product Development Manager with 5-9 years of experience earns an average total compensation of $80,404 based on 744 salaries. An experienced Product Development Manager with 10-19 years of experience earns an average total compensation of $98,069 based on 670 salaries. In their late career (20 years and higher), employees earn an average total compensation of $101,911.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Product Development Manager in their job title in Chicago, Illinois earn an average of 11.1% more than the national average. These job titles also find higher than average salaries in San Francisco, California (8.9% more) and Atlanta, Georgia (2.4% more). The lowest salaries can be found in Los Angeles, California (8.2% less), Minneapolis, Minnesota (6.7% less) and New York, New York (4.3% less).
Years of Experience
This data is based on 2,417 survey responses.
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