Alternate Job Titles: Product Development Manager, Product Development Engineering Manager, Manager of Product Development Engineering
How much does a Product Development Manager make? The median annual Product Development Manager salary is $114,563, as of May 30, 2018, with a range usually between $99,552-$133,048, however this can vary widely depending on a variety of factors. 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.
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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 annual pay for a typical Product Development Manager in the United States is $114,563, so 50% of the people who perform the job of Product Development Manager in the United States are expected to make less than $114,563.
Source: HR Reported data as of May 30, 2018
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This chart describes the expected percentage of people who perform the job of Product Development Manager that make less than that salary. For example 50% of the people who perform the job of Product Development Manager are expected to make less than the median.
Source: HR Reported data as of June 2018
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 design, technology, product development, and vendor strategy. Manages project budgets and prepares financial analysis reports for top management. May require bachelor's degree or in related area. Typically reports to top management. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Typically requires 5 years experience in the related areas an individual contributor. 1 to 3 years supervisory experience may be required. View full job description