$72,518
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

$6,992

Bonus

$14,500

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Product Development Manager in Miami, Florida is {{pay}} per hour.

The average pay for a Product Development Manager in Miami, Florida is $72,518 per year.

10%
$0.00
10%
$0.00
50%
$0.00
90%
90%
MEDIAN $0.00
10%
$42k
10%
$73k
50%
$117k
90%
90%
MEDIAN $72,518
$41,688 - $117,424
$42K
$73K
$120K
MEDIAN: $72,518
10%
50%
90%

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$0$135K
Salary $41,688 - $117,424
Bonus $120 - $21,618
Profit Sharing $14,500
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).
)
$42,122 - $135,131
  • Country: United States
  • Currency: USD
  • Updated: 21 Mar 2019
  • Individuals Reporting: 31

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.

About Miami, Florida

Miami-Dade County, Florida
440,989
Male:
215,840 (48.9%)
Female:
225,149 (51.1%)
Miami (/maɪˈæmi/; Spanish pronunciation: [miˈami]) is a seaport city at the southeastern corner of the U.S. state of Florida and its Atlantic coast. As the seat of Miami-Dade County, the municipality is the principal, central, and most populous of its metropolitan area and part of the second-most populous metropolis in the southeastern United States. According to the U.S. Census Bureau, Miami's metro area is the eighth-most populous and fourth-largest urban area in the U.S., with a population of around 5.5 million. Miami is a major center, and a leader in finance, commerce, culture, media, entertainment, the arts, and international trade. In 2012, Miami was classified as an Alpha−World City in the World Cities Study Group's inventory. In 2010, Miami ranked seventh in the United States in terms of finance, commerce, culture, entertainment, fashion, education, and other sectors. It ranked 33rd among global cities. In 2008, Forbes magazine ranked Miami "America's Cleanest City",...
Miami:
$29,989
Florida:
$49,426
$1,020
Miami:
$286,600
Florida:
$179,800
4.5%

Product Development Manager Job Listings

Key Stats for Product Development Manager

Gender

Female
63 %
Male
38 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.
1-4 years
26%
5-9 years
29%
10-19 years
35%
20 years or more
10%

Experience Affects Product Development Manager Salaries

Experienced
▲12%

National Average
$79,000

Mid-Career
▼35%

Entry-Level
▼36%

Skills That Affect Product Development Manager Salaries

National Average
$79,000

Product Management
▼30%

Microsoft Excel
▼33%

Project Management
▼34%

Product Development
▼36%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.

Gender

Female
63 %
Male
38 %

Years of Experience

1-4 years
26%
5-9 years
29%
10-19 years
35%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 81%
vision benefits
Vision: 52%
no benefits
None: 5%