Average Vice President (VP) of Product Development with Product Development Skills Salary in Chicago, Illinois

$118,992
Avg. Salary
$20,000
Bonus
$14,450
Profit Sharing
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The average salary for a Vice President (VP) of Product Development with Product Development skills in Chicago, Illinois is $118,992.
10%
$73k
10%
$119k
50%
$204k
90%
90%
MEDIAN $118,992
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United States (change)
Salary
$73k - $204k
Bonus
$25 - $70k
Profit Sharing
$0 - $14k
Total Pay
$82k - $225k

Your Market Worth Over Time

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Job Description for Vice President (VP) of Product Development

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

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.
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.
Experienced
66.7%
Late Career
33.3%