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

$128,332
Avg. Salary
$15,418
Bonus
$14,450
Profit Sharing
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The average salary for a Vice President (VP) of Product Development in Chicago, Illinois is $128,332.
10%
$76k
10%
$128k
50%
$192k
90%
90%
MEDIAN $128,332
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United States (change)
Salary
$76k - $192k
Bonus
$5k - $80k
Profit Sharing
$0 - $14k
Total Pay
$86k - $241k

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 Presentation, Business Development, Strategic Project Management and Product Development.

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 $125,974 based on 20 salaries. In their late career (20 years and higher), employees earn an average total compensation of $157,384.
Employees with Vice President (VP) of Product Development in their job title in San Francisco, California earn an average of 37.5% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (35.5% more) and Atlanta, Georgia (33.6% more).

Years of Experience

This data is based on 28 survey responses.
Experienced
71.4%
Late Career
28.6%