Director of Product Development Salary in New Mexico

The Director of Product Development leads research for new products, product enhancements, and product redesign. Oversees and implements product development policies, objectives, and initiatives. Being a Director of Product Development requires a bachelor's degree. Evaluates the potential and practicality of products in development. In addition, Director of Product Development demonstrates expertise in a variety of the field's concepts, practices, and procedures. Typically reports to top management. The Director of Product Development manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. Working as a Director of Product Development typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)

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