Product Development Specialist Salary

A Product Development Specialist earns an average salary of $52,009 per year. Most people with this job move on to other positions after 20 years in this career.

$39,428 - $82,809
$39K
$53K
$83K
MEDIAN: $53,134
10%
50%
90%

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$13.89 - $27.84
$14
$20
$28
MEDIAN: $20.18
10%
50%
90%

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$0$83K
Salary $39,428 - $82,809
Bonus $0.00 - $9,524
Profit Sharing $-0.50 - $19,866
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).
)
$36,423 - $83,812
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 190
Hourly Data $0$42
Hourly Rate $13.89 - $27.84
Overtime $20.38 - $42.42
Annual Data $0$83K
Bonus $0.00 - $9,524
Profit Sharing $-0.50 - $19,866
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).
)
$36,423 - $83,812
  • Country: United States
  • Currency: USD
  • Updated: 16 Oct 2017
  • Individuals Reporting: 44

Job Description for Product Development Specialist

A product development specialist's main job is to develop products, strategies, and business plans for upcoming products within their company. They watch the market trends to develop plans that will increase sales, establish deadlines, and ensure the product development teams are on schedule. Product development specialists need to communicate with other departments and vendors on the status of the product, as well as provide clear guidelines for the project and solicit and incorporate feedback. Typical employers for product development specialists are companies that create products or services; this is generally a full-time position that takes place in an office setting, although overtime may be required depending on the needs of the company. Travel may be needed depending on the employer's requirements.

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Product Development Specialist Tasks

  • Design, execute, and manage projects.
  • Research and compile reports on the state of the industry, trend forecasts, and competitive analysis.
  • Assist in the development and implementation of operational guidelines and objectives for the product portfolio.
  • Develop prototypes and document product specifications.
  • Evaluate consumer preferences using internal tools and turn them into recommendations for product enhancement or innovation.

Common Career Paths for Product Development Specialist


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Product Development Specialist Job Listings

Popular Skills for Product Development Specialist

Pay by Experience Level for Product Development Specialist

Pay by Experience for a Product Development Specialist has a positive trend. An entry-level Product Development Specialist with less than 5 years of experience can expect to earn an average total compensation of $48,000 based on 187 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Development Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 62 salaries. An experienced Product Development Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $58,000 based on 43 salaries. A Product Development Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $65,000 based on 8 salaries.

Pay Difference by Location

National Average: $51,973

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

Related Job Salaries

Key Stats for Product Development Specialist

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 41 votes.
Less than 1 year
6%
1-4 years
54%
5-9 years
20%
10-19 years
17%
20 years or more
3%

Experience Affects Product Development Specialist Salaries

▲25%

▲12%

▲9%

National Average
$52,000

▼7%

Skills That Affect Product Development Specialist Salaries



National Average
$52,000


Oral / Verbal Communication
▼8%

Design
▼9%

Product Support
▼11%

Technical Writing
▼18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 41 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
6%
1-4 years
54%
5-9 years
20%
10-19 years
17%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 76%
vision benefits
Vision: 66%
no benefits
None: 12%