As of August 01, 2026, the average salary for a Manager of Product Development in New Mexico is $131,490 per year, which breaks down to an hourly rate of $63.
However, a Manager of Product Development's salary can vary significantly. Here’s a look at the typical salary range:
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A Manager of Product Development's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Manager of Product Development's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Product Development Specialist IV | 7+ years | $123,434 |
| Product Development Specialist V | 7-10 years | $148,845 |
| Manager of Product Development | 10+ years | $131,490 |
| Senior Manager of Product Development | 10+ years | $167,521 |
| Director of Technical Product Development | 10+ years | $204,824 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Manager of Product Developments. For example, consider the average annual salaries in these key locations:
Manager of Product Development salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $147,195. While startup companies pay approximate $124,524.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $124,524 |
| Growth Stage | 51~500 | $131,699 |
| Established | 501~5000 | $142,143 |
| Enterprise | 5000+ | $147,195 |
For Manager of Product Development roles, the industry you choose can affect earning potential by as much as 30% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and MFG Nondurable sectors offer the strongest compensation, at 15% above the average. In contrast, Manager of Product Development positions in Edu., Gov't. & Nonprofit or Pharmaceuticals typically offer lower base pay, as these industries often view Manager of Product Development as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $151,214 | $73.0 | 15% |
| MFG Nondurable | $147,269 | $71.0 | 12% |
| Aerospace & Defense | $144,639 | $70.0 | 10% |
| Insurance | $142,009 | $68.0 | 8% |
| Retail & Wholesale | $139,379 | $67.0 | 6% |
Understanding how a Manager of Product Development's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026For a Manager of Product Development, the most direct path to higher earnings is advancing to the Senior Manager of Product Development role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $167,530 - a projected growth of 27% over your current level.
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