The average salary for a Vice President (VP) of Product Development with Product Development skills in Minneapolis, Minnesota is $160,596.
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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.
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Popular Skills for Vice President (VP) of Product Development
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 $168,487 based on 6 salaries. In their late career (20 years and higher), employees earn an average total compensation of $144,828.
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 Francisco, California earn an average of 9.5% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (9.0% more) and Seattle, Washington (8.2% more). The lowest salaries can be found in Chicago, Illinois (25.9% less) and Plano, Texas (11.3% less).
Years of Experience
This data is based on 13 survey responses.
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