$70,057
Avg. Salary
$19.77
Avg. Hourly Rate

Average additional compensation:

$4,943

Bonus

$2,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Product Development Manager with Sourcing skills is $19.77 per hour.

The average pay for a Product Development Manager with Sourcing skills is $70,057 per year.

$15.13
10%
$19.77
50%
$20.65
90%
MEDIAN $19.77
$45k
10%
$70k
50%
$99k
90%
MEDIAN $70,057
$44,721 - $99,025
$45K
$70K
$99K
MEDIAN: $70,057
10%
50%
90%

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$15.13 - $20.65
$20
MEDIAN: $19.77
50%

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$0$109K
Salary $44,721 - $99,025
Bonus $493 - $15,067
Profit Sharing $912 - $39,453
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).
)
$45,746 - $109,737
  • Country: United States
  • Currency: USD
  • Updated: 15 Jan 2019
  • Individuals Reporting: 222
Hourly Data $0$35
Hourly Rate $19.77
Overtime $35.00
Annual Data $0$109K
Bonus $493 - $15,067
Profit Sharing $912 - $39,453
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).
)
$45,746 - $109,737
  • Country: United States
  • Currency: USD
  • Updated: 15 Jan 2019
  • Individuals Reporting: 6

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 $51,000 based on 60 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 $74,000 based on 63 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 $79,000 based on 39 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 $90,000 based on 12 salaries.

Pay Difference by Location

14%

National Average: $72,540

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

Key Stats for Product Development Manager

Gender

Female
68 %
Male
32 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.
Less than 1 year
0%
1-4 years
31%
5-9 years
31%
10-19 years
28%
20 years or more
9%

Experience Affects Product Development Manager Salaries

Late-Career
▲24%

Experienced
▲8%

Mid-Career
▲2%

National Average
$73,000

Entry-Level
▼29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
0%
1-4 years
31%
5-9 years
31%
10-19 years
28%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 77%
vision benefits
Vision: 67%
no benefits
None: 13%