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Salary and Benefits

Product Development Manager
$68K-$83K / yr. (est.)
$68K
$75,765 / year
$83K
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 Manager

What does a Product Development Manager do?

As Product Development Managers, we are responsible for managing and coordinating product development projects. We evaluate and resolve technical feasibility and design optimization and production processes. We coordinate with other departments and establish a design and product development strategy. Creating a prototype of a new product and determining the process for creating a new item is one of our main responsibilities. We collect the raw materials necessary to build or create the product and perform research to determine the best way to produce a particular item. Working as Product Development Managers, we prepare reports on various procedures and oversee the product development team.

Core tasks:

  • prepare cost analysis for new product development
  • research patents and trademarks to ensure infringement issues
  • make adjustments to product development plans

Insights

How Many Years of Experience Do Professionals Need Before Becoming Product Development Manager?
On average, people work 7+ years in other positions prior to becoming a Product Development Manager.
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Account ExecutiveLos Angeles, CA - A year ago
I guess I'll have to wait another few years for that promotion then. Sigh.
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Graphic DesignerMiami, FL - A year ago
🙄 Whatever! I'm not interested in becoming a manager anyway. Different strokes for different folks!
How Long Do Product Development Manager Employees Typically Stay in Their Roles?
On average, Product Development Managers works in this position for 3-5 years across multiple employers.
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AccountantNew York City, NY - A year ago
Jumping from employer to employer can be risky. I prefer the stability of staying with one company for a longer time. 📊
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ChefNew Orleans, LA - A year ago
In the culinary world, it takes years to master a specific cuisine. Switching employers can hinder that progress. 🍳
What Is the Job Hopper Score for Product Development Manager Employees?
Moderate job changes in Product Development Manager, showing some career movement without excessive turnover.
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Director, Human ResourcesChicago, IL - A year ago
Ah, job stability can offer employees peace of mind and foster a sense of loyalty, especially for roles like A+, B-, or C. 🕊
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Operations ManagerHouston, TX - A year ago
No need for excessive changes, mate! 🤠 Being a stable Operations Manager means building strong relationships with your team and ensuring consistent processes!

Career path

Path to job

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

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Product Development Manager Employees?
Gender ratio in Product Development Manager position: 0.646793239175735 Male and 0.353206760824265 Female. Age ratio in Product Development Manager position: 16-20: 3%, 21-30: 47%, 31-40: 36%, 41-50: 11%, 51-60: 3%, 60+: 0%. Product Development Manager position is predominantly male (64.7%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Product Development ManagerNew York City, NY - A year ago
why are there barely any experienced individuals in this field? 😤
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Product Development ManagerSeattle, WA - A year ago
where are the middle-aged folks in this profession? 🤔

Workplaces

Who Are the Top Employers for Product Development Manager?
Top employers of Product Development Manager position: AT&T, Fannie Mae, Medtronic. People who work in Product Development Manager position most typically go on to work for the AT&T.
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Product Development ManagerBoston, MA - A year ago
Wait, was this list made in the 90s? There are much more exciting companies in Boston for product development than those mentioned here.
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Product Development ManagerHouston, TX - A year ago
I don't trust this list at all. None of these companies come to mind when I think of top employers for product development.
AT&T
Fannie Mae
Medtronic
What Industries Does Product Development Manager Typically Have Experience In?
Industry Background: The most typical industries of Product Development Manager: Manufacturing, Retail, Information Technology, Finance & Insurance, Professional / Scientific / Technical. Product Development Manager employees most likely come from a Manufacturing industry background.
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Product Development ManagerNew York City, NY - A year ago
👀It's ridiculous to think that Product Development Managers have complete control over every factor affecting product success! Other departments need to step up too!
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Product Development ManagerMiami, FL - A year ago
🤔 What do you do when upper management constantly changes priorities, timelines, and specifications, making it impossible to keep product development on track? Help me out here!

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Discussion about Product Development Manager

Want to know more about Product Development Manager position?
Share your thoughts and ideas about Product Development Manager position with others in our community.
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What is the women/men ratio in the job of Product Development Manager?
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Benjamin Gardner3 years ago
More men than women work as a Product Development Manager.
How old are people who work as a Product Development Manager?
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Liam Brown3 years ago
The typical age is 31.
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A year ago
Between 25-35
How many years of experience do you usually have as a Product Development Manager?
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Liam Brown3 years ago
You should work for 7 years on average to become a Product Development Manager.
Which industries should a Product Development Manager consider working in?
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Liam Brown3 years ago
For a Product Development Manager it’s the most likely to work in the Manufacturing.
Is a degree needed to work as a Product Development Manager?
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Liam Brown3 years ago
As a Product Development Manager you’ll probably need Bachelor of Science degree
Which company is likely to have openings for Product Development Manager positions?
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Isabella Holmes3 years ago
If you are a Product Development Manager you should definitely apply for AT&T, Fannie Mae, Medtronic, Ralph Lauren and Walmart
How many years do people work as a Product Development Manager before changing their role?
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Sophie Hayes3 years ago
On average people change after 4 years.
How likely is it for people working as a Product Development Manager to switch companies still working as a Product Development Manager?
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Benjamin Gardner3 years ago
a Product Development Manager is not a typical job hopper, but might change companies.
What work history do people usually have before becoming a Product Development Manager?
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Benjamin Gardner3 years ago
A Product Development Manager probably worked as Product Manager, Project Manager or Buyer before
Working as a Product Development Manager what job titles should I consider to switch to?
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Benjamin Gardner3 years ago
Consider the following: Product Manager, Director OF Product Development or Project Manager
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