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How much does a Product Development Specialist I make?

As of December 01, 2024, the average annual pay of Product Development Specialist I in the United States is $71,400. While Salary.com is seeing that Product Development Specialist I salary in the US can go up to $90,504 or down to $54,588, but most earn between $62,600 and $81,400. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Product Development Specialist I in the United States.

Product Development Specialist I Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $81,400 $6,783 $1,565 $39
Average $71,400 $5,950 $1,373 $34
25th Percentile $62,600 $5,217 $1,204 $30

Average Salary

25% $62,600 10% $54,588 90% $90,504 75% $81,400 $71,400 50%(Median) Didn’t find job title? Click
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What is the hourly and monthly salary as a Product Development Specialist I?

As of December 01, 2024, the average hourly salary is $34 (range: $26 to $44); the average monthly salary is $5,950 (range: $4,549 to $7,542).

Click the switch button below to see weekly and yearly salary of a Product Development Specialist I.

Last Updated on December 01, 2024
Last Updated on December 01, 2024

What are the salaries of Product Development Specialist I with different levels of experience?

As of December 01, 2024, Salary.com is seeing that an entry-level Product Development Specialist I with under 1 year experience makes about $70,343. With less than 2 years of experience, a mid-level Product Development Specialist I makes around $71,296. After 2-4 years, the Product Development Specialist I pay rises to about $73,512. Those senior Product Development Specialist I with 5-8 years of experience earn roughly $73,955, and those Product Development Specialist I having 8 years or more experience is expected to earn about $74,251 on average.

Levels Salary
Entry Level Product Development Specialist I $70,343
Intermediate Level Product Development Specialist I $71,296
Senior Level Product Development Specialist I $73,512
Specialist Level Product Development Specialist I $73,955
Expert Level Product Development Specialist I $74,251
$70,343 0 yr
$71,296 < 2 yrs
$73,512 2-4 yrs
$73,955 5-8 yrs
$74,251 > 8 yrs
Last Updated on December 01, 2024
Entry Level 1%
Mid Level 0%
Senior Level 3%
Top Level 4%
Experienced 4%
View as graph
Last Updated on December 01, 2024

How much does salary of Product Development Specialist I vary from city to city?

Salaries in the United States can vary significantly from city to city due to a multitude of factors, including cost of living, local economic conditions, and industry presence.

For example, as of December 01, 2024, the average yearly salary of Product Development Specialist I in San Francisco, CA is $89,200 and in New York, NY, the average annual salary goes to $83,400. While a Product Development Specialist I earns $80,000 per year in Boston, MA.

What is the salary trend of Product Development Specialist I?

For those exploring the changing dynamics of Product Development Specialist I salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis. As of December 01, 2024, our research highlights a notable shift in Product Development Specialist I compensation over the past six years. For instance, the median salary has moved from $79,242 in 2023 to about $79,457 in 2024 (for a comprehensive analysis of Product Development Specialist I salary trends, click here). It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.

Average Annual Salary of Product Development Specialist I Over Time

2020
$???
2021
$???
2022
$???
$79,242
2023
$79,457
2024
$78,796
2025
2026
$???
Last Updated on December 01, 2024
2020
$???
2021
$???
2022
$???
2023
$79,242
2024
$79,457
2025
$78,796
2026
$???
Last Updated on December 01, 2024

Product Development Specialist I Salary by Year

Year Average Annual Salary
2020 View More
2021 View More
2022 View More
2023 $79,242
2024 $79,457
2025 $78,796
2026 View More
Last Updated on December 01, 2024

Job Openings of Product Development Specialist I

Salary.com job board provides millions of Product Development Specialist I information for you to search for. Click on search button below to see Product Development Specialist I job openings or enter a new job title here.

Most Common Benefits for Product Development Specialist I

Based on HR-reported data: a national average with a geographic differential
Base Salary 68.0%
Bonuses 2.0%
Social Security 5.4%
401k/403b 2.9%
Disability 1.4%
Healthcare 8.0%
Pension 3.8%
Time Off 8.6%
Core Compensation
Core Compensation Median % of Total
Base Salary $71,400 68.0%
Bonus $2,100 2.0%
Value of Benefits
Core Compensation Median % of Total
Social Security $5,623 5.4%
401K/403B $3,087 2.9%
Disability $1,470 1.4%
Healthcare $8,352 8.0%
Pension $3,969 3.8%
Time Off $9,046 8.6%
Total Compensation $105,047 100%
Core Compensation is based on averages for this job and does not reflect personal factors used to determine your projected salary range.
Value of Benefits indicates the employer's expected contribution and paid time off.
Last Updated on December 01, 2024

FAQ about Product Development Specialist I

1. What is the average salary of a Product Development Specialist I?

The average annual salary of Product Development Specialist I is $71,400. In case you are finding an easy salary calculator, the average hourly pay of Product Development Specialist I is $34; the average weekly pay of Product Development Specialist I is $1,373; the average monthly pay of Product Development Specialist I is $5,950.

2. Where can a Product Development Specialist I earn the most?

A Product Development Specialist I's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Product Development Specialist I earns the most in San Jose, CA, where the annual salary of a Product Development Specialist I is $89,600.

3. What is the highest pay for Product Development Specialist I?

The highest pay for Product Development Specialist I is $90,504.

4. What is the lowest pay for Product Development Specialist I?

The lowest pay for Product Development Specialist I is $54,588.

5. What are the responsibilities of Product Development Specialist I?

The Product Development Specialist I researches and monitors competitors' products and client feedback for new ideas for products and service offerings. Supports the product lifecycle management of existing products and new product development projects. Being a Product Development Specialist I collaborates with internal teams to evaluate designs for technical feasibility, identify production requirements, and develop marketing plans and roadmap timelines. Follows industry developments to identify potential new product opportunities and pricing models. In addition, Product Development Specialist I may evaluate product packaging, labeling, and promotional literature designs for compliance with product and safety specifications and regulatory guidelines. Typically requires a bachelor's degree. Typically reports to a manager. Being a Product Development Specialist I work is closely managed. Works on projects/matters of limited complexity in a support role. Working as a Product Development Specialist I typically requires 0-2 years of related experience.

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Product Development Specialist I is $71,400 per year in the United States, updated at December 01, 2024.
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