Alternate Job Titles: Product Development Manager, Product Development Engineering Manager, Manager of Product Development Engineering
What is the average annual salary for Product Development Manager?
The annual salary for someone with the job title Product Development Manager may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title Product Development Manager in the United States.
This chart describes the expected percentage of people who perform the job of Product Development Manager in the United States that make less than that annual salary. For example the median expected annualy pay for a typical Product Development Manager in the United States is $105,415 so 50% of the people who perform the job of Accountant I in the United Sates are expected to make less than $105,415.
Manages and coordinates product development projects. Evaluates and resolves technical feasibility, design optimization, and production issues. Ensures that labeling and marketing/promotional literature match product specifications. Researches and monitors existing client base and industry developments and identifies potential new product opportunities. Works with other departments to establish a design, technology, product development, and vendor strategy. Manages project budgets and prepares financial analysis reports for top management. May require a bachelor's degree with at least 7 years of experience in the field or in a related area. Familiar with a variety of the field's concepts, practices, and procedures. Relies on experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of others. A wide degree of creativity and latitude is expected. Typically reports to top management.
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