$73,717
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

$8,667

Bonus

$1,500

Profit Sharing

What am I worth?
How should I pay?

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

The average pay for a Product Development Manager in Minneapolis, Minnesota is $73,717 per year.

$0.00
10%
$0.00
50%
$0.00
90%
MEDIAN $0.00
$51k
10%
$74k
50%
$119k
90%
MEDIAN $73,717
$51,351 - $118,951
$51K
$74K
$120K
MEDIAN: $73,717
10%
50%
90%

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$0$129K
Salary $51,351 - $118,951
Bonus $1,479 - $15,205
Profit Sharing $1,500
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).
)
$56,345 - $129,580
  • Country: United States
  • Currency: USD
  • Updated: 18 Jan 2019
  • Individuals Reporting: 41

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 Minneapolis, Minnesota

Hennepin County, Minnesota
410,935
Male:
206,547 (50.3%)
Female:
204,388 (49.7%)
Minneapolis (/ˌmɪniˈæpəlɪs/) is the county seat of Hennepin County, and larger of the Twin Cities, the 16th-largest metropolitan area in the United States, containing about 3.5 million residents. As of 2015, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States with a population of 410,939. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest, after Chicago. Minneapolis lies on both banks of the Mississippi River, just north of the river's confluence with the Minnesota River, and adjoins Saint Paul, the state's capital. The city is abundantly rich in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls, many connected by parkways in the Chain of Lakes and the Grand Rounds National Scenic Byway. It was once the world's flour milling capital and a hub for timber. The city and surrounding region is the primary business center between Chicago and...
Minneapolis:
$54,571
Minnesota:
$63,488
$912
Minneapolis:
$227,500
Minnesota:
$200,000
4.3%

Product Development Manager Job Listings

Key Stats for Product Development Manager

Gender

Female
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.
Less than 1 year
2%
1-4 years
17%
5-9 years
37%
10-19 years
44%

Experience Affects Product Development Manager Salaries

Late-Career
▲25%

▲5%

▲3%

National Average
$76,000

Skills That Affect Product Development Manager Salaries

Design
▲9%


Product Management
▲6%

National Average
$76,000

Product Marketing
▼1%


Negotiation
▼11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
37%
10-19 years
44%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 88%
vision benefits
Vision: 71%
no benefits
None: 3%