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Insurance Product Development Manager Salary in Radom, IL

How much does an Insurance Product Development Manager make in Radom, IL?

As of August 01, 2026, the average salary for an Insurance Product Development Manager in Radom, IL is $107,965 per year, which breaks down to an hourly rate of $52.

However, an Insurance Product Development Manager's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $141,239
  • Majority Range (25th-75th percentile): $102,969 to $125,382
  • Entry-Level (10th percentile): $98,420

Key Factors That Influence Insurance Product Development Manager Salaries

An Insurance Product Development Manager'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.

How Experience Level Affects Insurance Product Development Manager Salaries?

Experience is a primary driver of an Insurance Product Development Manager'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): $106,101
  • Early Career (1-2 years): $106,325
  • Mid-Level (2-4 years): $107,071
  • Senior-Level (5-8 years): $107,965
  • Expert (over 8 years): $112,385
Levels Salary
Entry Level Insurance Product Development Manager$106,101
Intermediate Level Insurance Product Development Manager$106,325
Senior Level Insurance Product Development Manager$107,071
Specialist Level Insurance Product Development Manager$107,965
Expert Level Insurance Product Development Manager$112,385

Top Paying Cities for Insurance Product Development Manager

Salaries can also vary between different cities. 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 U.S. cities:

  • San Jose: $144,145
  • San Francisco: $142,567
  • Oakland: $139,562

Insurance Product Development Manager Salary by Company Size: Startups vs. Enterprise

Insurance Product Development Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $116,518. While startup companies pay approximate $98,808.

Insurance Product Development Manager Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $98,808
Growth Stage 51~500 $104,449
Established 501~5000 $112,571
Enterprise 5000+ $116,518

Insurance Product Development Manager Salary by Industry: Top Paying Sectors

For Insurance Product Development Manager roles, the industry you choose can affect earning potential by as much as 90% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 50% above the average. In contrast, Insurance Product Development Manager positions in Insurance or Business Services typically offer lower base pay, as these industries often view Insurance Product Development Manager as a support function rather than a direct revenue driver.

The top paying industries for an Insurance Product Development Manager

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services$171,424$82.050%
Edu., Gov't. & Nonprofit$137,140$66.020%

Insurance Product Development Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Insurance Product Development Manager'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, 2026
$102,969
Average $107,965/year
$125,382
$8,581
Average $8,997/month
$10,449
$1,980
Average $2,076/week
$2,411
$50
Average $52/hour
$60
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $125,382 $10,449 $2,411 $60
Average $107,965 $8,997 $2,076 $52
25th Percentile $102,969 $8,581 $1,980 $50

Insurance Product Development Manager Salary Growth & Career Path

Promotions are the fastest way to increase your earnings. As an Insurance Product Development Manager, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Insurance Product Development Manager Salary Growth and Career Path
Next Step Role Estimate Salary Projected Raise
Clinical Programs Development Deputy Director $148,878 38%
SVP of Dental Program Development $309,863 187%
SVP of Government Program Development $371,377 244%
HEDIS Program Director $180,295 67%

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Cost of Living In Radom, IL

Cost of Living in Radom, IL is
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than the National Average

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Where Does Our Salary Data Come From?

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