Vice President of Product Development Salary in Bowstring, MN

What is the salary range of a Vice President of Product Development?

As of November 01, 2025, the average salary for a Vice President of Product Development in Bowstring, MN is $271,790 per year, which breaks down to an hourly rate of $131.

However, a Vice President of Product Development's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $325,283
  • Majority Range (25th-75th percentile): $248,990 to $299,790
  • Entry-Level (10th percentile): $228,232
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View as table View as graph 25% $248,990 10% $228,232 90% $325,283 75% $299,790 $271,790 50%(Median) Didn’t find job title? Click

Vice President of Product Development Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $299,790 $24,983 $5,765 $144
Average $271,790 $22,649 $5,227 $131
25th Percentile $248,990 $20,749 $4,788 $120
Check out Vice President of Product Development Job Openings in Bowstring, MN
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Key Factors That Influence Vice President of Product Development Salaries

A Vice President 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, skills and company size can directly affect your earning potential.

How Experience Level Affects Vice President of Product Development Salaries?

Experience is a primary driver of a Vice President 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:

  • Entry-Level (less than 1 year): $256,963
  • Early Career (1-2 years): $259,099
  • Mid-Level (2-4 years): $261,946
  • Senior-Level (5-8 years): $266,218
  • Expert (over 8 years): $271,558
Levels Salary
Entry Level Vice President of Product Development $256,963
Intermediate Level Vice President of Product Development $259,099
Senior Level Vice President of Product Development $261,946
Specialist Level Vice President of Product Development $266,218
Expert Level Vice President of Product Development $271,558
$256,963 0 yr
$259,099 < 2 yrs
$261,946 2-4 yrs
$266,218 5-8 yrs
$271,558 > 8 yrs
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What Am I Worth?

Top Paying Cities for Vice President of Product Developments

Salaries can also vary between different cities, even within the same state. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different Minnesota cities:

  • Minneapolis: $299,290
  • Osseo: $299,190
  • Circle Pines: $298,990

What Skills Can Increase a Vice President of Product Development's Salary?

Demanded Skills for the Role:

  • Innovation (Mentioned in 6.37% Job Postings): The ability and process of implementing new ideas and initiatives to improve organizational performance.
  • Diversity and Inclusion (Mentioned in 1.91% Job Postings): Developing and promoting acquaintance, empowerment, and integration of each unique individual to create a productive and safe working environment.
  • Food Service (Mentioned in 1.27% Job Postings): The foodservice or catering industry includes the businesses, institutions, and companies which prepare meals outside the home.
See More Skills
Skills Demand Percentage
Innovation 6.37%
Diversity and Inclusion 1.91%
Food Service 1.27%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Vice President of Product Development's salary.
  • Employee Selection: Can increase your salary by up to 17%.
  • Goal Oriented: Can increase your salary by up to 11%.
  • Continuous Improvement: Can increase your salary by up to 8%.
Skill Salary Salary % Increase
Employee Selection
 $317,994
17%
Goal Oriented
 $301,687
11%
Continuous Improvement
 $293,533
8%
Asset Management
 $288,097
6%
Industry Knowledge
 $285,380
5%
Team Management
 $285,380
5%
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Vice President of Product Development Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Vice President 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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on November 01, 2025
$248,990
Average $271,790/year
$299,790
$20,749
Average $22,649/month
$24,983
$4,788
Average $5,227/week
$5,765
$120
Average $131/hour
$144
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $299,790 $24,983 $5,765 $144
Average $271,790 $22,649 $5,227 $131
25th Percentile $248,990 $20,749 $4,788 $120

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Cost of Living In Bowstring, MN

Cost of Living in Bowstring, MN is
4.5% Higher
than the National Average

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