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Salary and Benefits

Product Development
$57K-$70K / yr. (est.)
$58K
$64,028 / year
$70K
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 Product Development

What does a Product Development do?

As product developers, we are responsible for creating and improving products that meet consumer needs and market demands. We begin by conceptualizing and researching new ideas, followed by designing prototypes and testing them for feasibility and performance. Our work often involves cross-functional collaboration with other departments such as marketing, engineering, and manufacturing. We utilize various design and development tools to bring our concepts to life, ensuring they comply with industry standards and regulations. Additionally, we continuously gather and analyze data to refine products and maintain their market relevance.

Core tasks:

  • Researching and analyzing market trends to identify potential product opportunities
  • Developing detailed product specifications and design blueprints
  • Collaborating with cross-functional teams to bring products from concept to market
  • Conducting prototype testing and iterating designs based on feedback
  • Ensuring products meet compliance, quality, and safety standards

Insights

How Many Years of Experience Do Professionals Need Before Becoming Product Development?
On average, people work 7+ years in other positions prior to becoming a Product Development.
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Research AnalystSeattle, WA - A year ago
I guess every job has its own path. It's not easy to become a Product Development, but that struggle is part of the journey. ✌
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HR AdministratorHouston, TX - A year ago
I'm surprised! I wonder why it takes longer in other positions before transitioning to Product Development? 🤔
How Long Do Product Development Employees Typically Stay in Their Roles?
On average, Product Developments works in this position for 3-5 years across multiple employers.
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Senior DesignerNew York City, NY - A year ago
3-5 years across multiple employers? Who has the time, energy, and patience to constantly switch jobs?
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Senior AnalystLos Angeles, CA - A year ago
🙄Some people are just too impatient. 3-5 years is necessary to gain enough expertise and knowledge in this field.
What Is the Job Hopper Score for Product Development Employees?
Moderate job changes in Product Development, showing some career movement without excessive turnover.
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Marketing SpecialistLos Angeles, CA - A year ago
I can't help but wonder how this compares to other industries. How do job changes in product development compare to those in marketing?
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Graphic DesignerMiami, FL - A year ago
Interesting findings! 👀 It's encouraging to see that product development roles offer both stability and room for growth.

Career path

Path to job

Discover a Product Development's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Product Development typically studied at.
Fashion Institute of Technology
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Product Development Employees?
Gender ratio in Product Development position: 0.641885116745452 Male and 0.358114883254548 Female. Age ratio in Product Development position: 16-20: 7%, 21-30: 57%, 31-40: 22%, 41-50: 10%, 51-60: 3%, 60+: 1%. Product Development position is predominantly male (64.2%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Product DevelopmentSan Francisco, CA - A year ago
Why is the 31-40 age group the second-largest in Product Development? Shouldn't it be more evenly distributed? 🤨
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Product DevelopmentNew York City, NY - A year ago
Let's not ignore the fact that Product Development is predominantly male and young. We need to break these barriers! 💪

Workplaces

Who Are the Top Employers for Product Development?
Top employers of Product Development position: Ford Motor Company, Liberty Mutual Insurance, SELF. People who work in Product Development position most typically go on to work for the Ford Motor Company.
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Junior Product Development SpecialistHouston, TX - A year ago
Can you provide any information about the growth opportunities at these top employers? It's important for career development.
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Associate Product Development EngineerBoston, MA - A year ago
As an engineer myself, it would be helpful to see the average salary or benefits offered by these top employers in Product Development.
Ford Motor Company
Liberty Mutual Insurance
SELF
What Industries Does Product Development Typically Have Experience In?
Industry Background: The most typical industries of Product Development: Manufacturing, Retail, Information Technology, Finance & Insurance, Professional / Scientific / Technical. Product Development employees most likely come from a Manufacturing industry background.
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Product Development SpecialistNew York City, NY - A year ago
🙋 Hey! As a Product Development Specialist in the retail industry, I get to curate a wide range of innovative products that appeal to the diverse tastes of customers!
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Consultant Product DevelopmentSeattle, WA - A year ago
I'm a Product Development Consultant in the Information Technology sector. I assist companies in developing and implementing cutting-edge software solutions to meet their business needs! 💻

Find your job as Product Development

Discussion about Product Development

Want to know more about Product Development position?
Share your thoughts and ideas about Product Development position with others in our community.
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How is the gender diversity among people working as a Product Development?
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Liam Brown3 years ago
Mostly men choose this job, but women also choose this.
What is the typical age of people who work as a Product Development?
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Sophie Hayes3 years ago
People working as a Product Development are 30 old on average.
Do I need a lot of experience to be a Product Development?
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Sophie Hayes3 years ago
On average, people have 7 years of experience when they start working as a Product Development
Which industries have a lot of people working in Product Development roles?
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Benjamin Gardner3 years ago
Manufacturing employs the most.
What kind of higher education a Product Development need?
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Sophie Hayes3 years ago
You should be fine with a Bachelor of Science degree
Which company is likely to have openings for Product Development positions?
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Benjamin Gardner3 years ago
Ford Motor Company and Liberty Mutual Insurance has the most employees.
How many years of experience as a Product Development is needed in average to switch to another position?
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Sophie Hayes3 years ago
4 years is the typical lifespan for a Product Development.
How likely is it for people working as a Product Development to switch companies still working as a Product Development?
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Benjamin Gardner3 years ago
On average a Product Development works for only a few companies.
What jobs do people work in before becoming a Product Development?
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Liam Brown3 years ago
Typical prior positions for a Product Development are Product Manager, Product Development Manager or Project Manager
If I’m working as a Product Development, what next position could I have?
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Isabella Holmes3 years ago
Changing from a Product Development to Product Manager, Product Development Manager or Project Manager is a typical career path.
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