The average salary for a Vice President (VP) of Product Development with Product Development skills in Chicago, Illinois is $118,992.
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$73k - $204k
$25 - $70k
$0 - $14k
$82k - $225k
Your Market Worth Over Time
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Job Description for Vice President (VP) of Product Development
Vice presidents (VPs) of product development are usually members of the upper-management team within an organization. This position is classified as a technology job and usually reports to the chief technology officer, the chief engineering officer, or another department leader. Vice presidents of product development usually have many employees who work under them and a group of managers who report in directly to them. Individuals in this position are responsible for managing all product develop…Read more
Vice President (VP) of Product Development Tasks
- Lead product development and production teams from initial inception to final product.
- Guide product placement and pricing strategies.
- Ensure that products meet the brand standards as well as consumer needs.
- Conduct technical, competitive, and trend analysis to identify and evaluate potential products.
Vice President (VP) of Product Development Job Listings
Popular Skills for Vice President (VP) of Product Development
Strategic Project Management
Skills in Product Management are correlated to pay that is above average. Skills that pay less than market rate include Project Management, Presentation, Business Development and Strategic Project Management.
Pay by Experience Level for Vice President (VP) of Product Development
An experienced Vice President (VP) of Product Development with 10-19 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $87,429 based on 10 salaries. In their late career (20 years and higher), employees earn an average total compensation of $164,500.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Vice President (VP) of Product Development in their job title in San Diego, California earn an average of 63.0% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (49.4% more) and San Francisco, California (45.9% more).
Years of Experience
This data is based on 15 survey responses.
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