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Director OF Product Development

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Salary and Benefits

Director OF Product Development
$104K-$127K / yr. (est.)
$104K
$116,011 / year
$128K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Director OF Product Development

What does a Director OF Product Development do?
Man talking in the middle of two women
Woman wearing gray cardigan and eyeglasses

In the role of director of product development, we lead the product design and enhancement efforts of our organization. Our goal is to develop innovative products or enhance existing ones resulting in commercial success and financial growth. The role requires a combination of strategic, high-level thinking with a hands-on approach. We oversee all product development processes, from idea generation through concept and product development, to commercialization.

Core tasks:

  • overseeing product development processes (new product strategy, idea generation, screening and evaluation, business analysis, development, testing, and commercialization)
  • driving market assessment, customer research
  • developing methods for monitoring projects and processes
  • partnering with Marketing, Merchandising and Creative leadership to communicate product
  • leading the development of packaging concepts

Insights

Professional Growth

How Many Years of Experience Do Professionals Need Before Becoming Director OF Product Development?
On average, people work 7+ years in other positions prior to becoming a Director OF Product Development.
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Project ManagerChicago, IL - A year ago
Why does it take so long to become a Director of Product Development? Seems like a long wait for a promotion! 🙄
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Marketing CoordinatorHouston, TX - A year ago
Maybe I should consider a career change if it takes that long to become a Director of Product Development 😳

Professional Growth

How Long Do Director OF Product Development Employees Typically Stay in Their Roles?
On average, Director OF Product Developments works in this position for 5+ years across multiple employers.
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Graphic DesignerChicago, IL - A year ago
Being a Director OF Product Development must be challenging! 🎨 It's not easy to balance creativity with technical aspects.
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Sales RepresentativeDallas, TX - A year ago
Can someone educate me on the benefits of staying so long in the Director OF Product Development role? 🤔

Professional Growth

What Is the Job Hopper Score for Director OF Product Development Employees?
Moderate job changes in Director OF Product Development, showing some career movement without excessive turnover.
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Operations CoordinatorChicago, IL - A year ago
OMG! 🙄 Shouldn't they prioritize stability instead of bouncing around different positions?!
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Sales RepresentativeMiami, FL - A year ago
Interesting to see a professional option that allows for diverse experiences without settling down! 🌟

Career path

Path to job

Fields of study

Discover a Director OF Product Development's areas of knowledge sorted by their majors.

Top educational institutions

Explore the list of higher education institutions that a Director OF Product Development typically studied at.
Purdue University-Main Campus
Stanford University

Path after job

Community

Demographics

Culture & Values

What Is the Age and Gender Ratio of Director OF Product Development Employees?
Gender ratio in Director OF Product Development position: 0.75844541757898 Male and 0.24155458242102 Female. Age ratio in Director OF Product Development position: 16-20: 1%, 21-30: 25%, 31-40: 45%, 41-50: 22%, 51-60: 6%, 60+: 1%. Director OF Product Development position is predominantly male (75.8%) with the largest age group being 31-40 years old, followed by 21-30 years old.
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Director OF Product DevelopmentSeattle, WA - A year ago
So basically, this job is a boys' club for middle-aged guys? What about new perspectives? 🚶
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Director OF Product DevelopmentNew York City, NY - A year ago
Seriously, this situation needs to change. We can't have the next generation inheriting these imbalances! 👶

Workplaces

Professional Growth

Who Are the Top Employers for Director OF Product Development?
Top employers of Director OF Product Development position: American Express, MasterCard, Medtronic. People who work in Director OF Product Development position most typically go on to work for the American Express.
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Director OF Product DevelopmentHouston, TX - A year ago
As a Director of Product Development, I would consider other factors, like company values and growth potential, before making a decision based solely on this infographic.
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Director OF Product DevelopmentSeattle, WA - A year ago
🙄 Can we stop arguing about which company is better and focus on the skills and qualities required for a successful Director of Product Development?
American Express
MasterCard
Medtronic

Professional Growth

What Industries Does Director OF Product Development Typically Have Experience In?
Industry Background: The most typical industries of Director OF Product Development: Manufacturing, Information Technology, Retail, Finance & Insurance, Professional / Scientific / Technical. Director OF Product Development employees most likely come from a Manufacturing industry background.
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Director OF Product DevelopmentMiami, FL - A year ago
Wait, so is this role more focused on internal operations or external market research? I'm confused. 🤷
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Director OF Product DevelopmentNew York City, NY - A year ago
🙄 How can y'all not know? A Director of Product Development has to balance the internal needs of the company with market research to develop successful products. Every day is a juggling act!

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Discussion about Director OF Product Development

Want to know more about Director OF Product Development position?
Share your thoughts and ideas about Director OF Product Development position with others in our community.
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Do a lot of women work as a Director OF Product Development?
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Isabella Holmes3 years ago
Mostly men choose this job, but women also choose this.
What is the most common age of a Director OF Product Development?
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Benjamin Gardner3 years ago
The typical age is 36.
Do I need a lot of experience to be a Director OF Product Development?
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Isabella Holmes3 years ago
You need 7 years of experience to work as a Director OF Product Development.
Which industries should a Director OF Product Development consider working in?
avatar-of-creator
Benjamin Gardner3 years ago
Most typically work in the Manufacturing industry.
Is it encouraged to have a degree as a Director OF Product Development?
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Isabella Holmes3 years ago
As a Director OF Product Development you’ll probably need Bachelor of Science degree
Which company are you working for as a Director OF Product Development?
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Isabella Holmes3 years ago
Most people work for American Express, MasterCard, Medtronic, Oracle and Synopsys
How many years do people spend as a Director OF Product Development in their career path?
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Sophie Hayes3 years ago
A Director OF Product Development typically changes positions after more than 5 years.
How frequently people change companies if they work as a Director OF Product Development?
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Isabella Holmes3 years ago
On average a Director OF Product Development works for only a few companies.
What jobs do people work in before becoming a Director OF Product Development?
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Benjamin Gardner3 years ago
You have a good chance of becoming a Director OF Product Development if you are working as Product Manager, Product Development Manager or Project Manager
Working as a Director OF Product Development what job titles should I consider to switch to?
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Sophie Hayes3 years ago
Changing from a Director OF Product Development to VP Product, Senior Director or Product Manager is a typical career path.
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informationLENSA generates certain information provided on this website by compiling and analyzing publicly available data and data from employees/former employees. All company names are the registered trademarks of their original owners. The use of any trade name or trademark does not imply any association with the third-party company. None of the information provided is endorsed in any way by any of the companies mentioned. We do not guarantee the accuracy, currency, or suitability of this information (including regarding demographics or salary estimate) and you are responsible for how you use it. ALL INFORMATION IS PROVIDED “AS IS” AND “WITH ALL FAULTS”. We are not responsible for nor endorse third party content on our website. If you notice any inaccurate information or information you think is proprietary you can email us at [email protected]. See our Terms and Conditions and Community Guidelines for more information.
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