Average Sr. Vice President (SVP), Product Development Salary

$201,044
Avg. Salary
$50,112
Bonus
$25,000
Profit Sharing
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The average salary for a Sr. Vice President (SVP), Product Development is $201,044.
10%
$130k
10%
$201k
50%
$280k
90%
90%
MEDIAN $201,044
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United States (change)
Salary
$130k - $280k
Bonus
$13k - $100k
Profit Sharing
$2k - $98k
Total Pay
$151k - $354k

Your Market Worth Over Time

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

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
Executive Director
Chief Technology Officer (CTO)
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

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.
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).

Years of Experience

This data is based on 159 survey responses.
Early Career
3.1%
Mid Career
4.4%
Experienced
36.5%
Late Career
56.0%