Sr. Vice President (SVP), Product Development Salary

The average salary for a Sr. Vice President (SVP), Product Development is $201,044.

10%

50%

90%

MEDIAN $201,044

Salary

$130k - $280k

Bonus

$13k - $100k

Profit Sharing

$2k - $98k

Total Pay

$151k - $354k

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Job Description for Sr. Vice President (SVP), Product Development

A senior vice president of product development is generally an executive position, and a bachelor’s degree in business or a related field and many years of experience are required. Product development SVPs help to set the direction for products to be created by the company, and they oversee the work of several employees who develop product ideas and eventually get these products into the market. There are often several proposals to be evaluated at once, and the best products should be chosen for…Read more

Sr. Vice President (SVP), Product Development Tasks

Oversee and coordinate organization-wide activities related to product development, production, and pricing.
Establish and implement policies and standards, in conformance with organizational and industry norms.
Review and shape budget and objectives for realistic planning to meet competitive goals.
Coordinate with marketing, legal and accounting teams as needed to complete product development goals.
Use market and technical research to direct teams from initial ideation through production and into marketing.

Career Paths

Explore the most common career paths for Sr. Vice President (SVP), Product Development. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.

Sr. Vice President (SVP), Product Development

Vice President (VP), Engineering

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Executive Director

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Chief Technology Officer (CTO)

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More common (> 20%)

Somewhat common (8 - 20%)

Less common (< 8%)

Sr. Vice President (SVP), Product Development Job Listings

Popular Skills for Sr. Vice President (SVP), Product Development

Product Development

$200,465

86 responses

Product Management

$188,575

41 responses

Project Management

$196,348

35 responses

Team Leadership

$209,928

27 responses

Strategy Development

$202,154

18 responses

Skills in Team Leadership and Strategy Development are correlated to pay that is above average. Skills that pay less than market rate include Project Management, Product Management and Product Development.

Pay by Experience Level for Sr. Vice President (SVP), Product Development

An early career Sr. Vice President (SVP), Product Development with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $130,000 based on 5 salaries. A mid-career Sr. Vice President (SVP), Product Development with 5-9 years of experience earns an average total compensation of $151,262 based on 7 salaries. An experienced Sr. Vice President (SVP), Product Development with 10-19 years of experience earns an average total compensation of $197,667 based on 58 salaries. In their late career (20 years and higher), employees earn an average total compensation of $207,780.

Pay Difference by Location

Learn more about cost of living by city.

Boston, Massachusetts

▲20%

San Francisco, California

▲16%

New York, New York

▲14%

Los Angeles, California

▲12%

Chicago, Illinois

▼4%

Employees with Sr. Vice President (SVP), Product Development in their job title in Boston, Massachusetts earn an average of 19.5% more than the national average. These job titles also find higher than average salaries in San Francisco, California (15.6% more) and New York, New York (14.3% more). The lowest salaries can be found in Chicago, Illinois (4.2% less).