$72,872
Avg. Salary
$18.00
Avg. Hourly Rate

Average additional compensation:

$5,950

Bonus

$2,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Product Development Manager with Negotiation skills is $18.00 per hour.

The average pay for a Product Development Manager with Negotiation skills is $72,872 per year.

10%
$0.00
10%
$18.00
50%
$0.00
90%
90%
MEDIAN $18.00
10%
$50k
10%
$73k
50%
$112k
90%
90%
MEDIAN $72,872
$49,650 - $112,341
$50K
$73K
$110K
MEDIAN: $72,872
10%
50%
90%

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$0$120K
Salary $49,650 - $112,341
Bonus $980 - $14,975
Profit Sharing $2,000
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).
)
$49,964 - $120,067
  • Country: United States
  • Currency: USD
  • Updated: 19 Mar 2019
  • Individuals Reporting: 172

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.

Product Development Manager Job Listings

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 $61,000 based on 41 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 $77,000 based on 42 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 $90,000 based on 41 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 $95,000 based on 11 salaries.

Pay Difference by Location

23%

National Average: $76,743

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

Key Stats for Product Development Manager

Gender

Female
63 %
Male
37 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.
Less than 1 year
1%
1-4 years
26%
5-9 years
29%
10-19 years
34%
20 years or more
11%

Experience Affects Product Development Manager Salaries

Late-Career
▲24%

Experienced
▲18%

▲1%

National Average
$77,000

Entry-Level
▼21%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.

Gender

Female
63 %
Male
37 %

Years of Experience

Less than 1 year
1%
1-4 years
26%
5-9 years
29%
10-19 years
34%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 79%
vision benefits
Vision: 68%
no benefits
None: 14%