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Product Development Director Salary in Minneapolis, Minnesota

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Product Development Director Salary in Minneapolis, MN

What is the highest and lowest pay for Product Development Director?

As of December 01, 2024, the average annual pay of Product Development Director in Minneapolis, MN is $218,411. While Salary.com is seeing that the highest pay for Product Development Director in Minneapolis, MN can go up to $273,957 and the lowest down to $168,684, but most earn between $192,382 and $247,486. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Product Development Director in the United States.

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Product Development Director Salaries by Percentile
Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $233,257 $19,438 $4,486 $112
Average $205,854 $17,154 $3,959 $99
25th Percentile $181,321 $15,110 $3,487 $87
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Average Salary

25% $192,382 10% $168,684 90% $273,957 75% $247,486 $218,411 50%(Median) Didn’t find job title? Click
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View Product Development Director Salary by Hour, Week, Month, Year

Salary.com provides you with accurate and diversified Product Development Director salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Product Development Director hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
$181,321
Average
$205,854/year
$233,257
$15,110
Average
$17,154/month
$19,438
$3,487
Average
$3,959/week
$4,486
$87
Average
$99/hour
$112
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $233,257 $19,438 $4,486 $112
Average $205,854 $17,154 $3,959 $99
25th Percentile $181,321 $15,110 $3,487 $87
Last Updated on December 01, 2024

View Product Development Director Salary by Experience Levels

An entry-level Product Development Director with under 1 year experience makes about $201,434. With less than 2 years of experience, a mid-level Product Development Director makes around $203,753. After 2-4 years, the Product Development Director pay rises to about $206,845. Those senior Product Development Director with 5-8 years of experience earn roughly $210,710, and those Product Development Director having 8 years or more experience are expected to earn about $214,575 on average.

Levels Salary
Entry Level Product Development Director $201,434
Intermediate Level Product Development Director $203,753
Senior Level Product Development Director $206,845
Specialist Level Product Development Director $210,710
Expert Level Product Development Director $214,575
$201,434 0 yr
$203,753 < 2 yrs
$206,845 2-4 yrs
$210,710 5-8 yrs
$214,575 > 8 yrs
Last Updated on December 01, 2024
Entry Level 2%
Mid Level 1%
Senior Level 0%
Top Level 2%
Experienced 4%
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Last Updated on December 01, 2024

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Job Openings of Product Development Director

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Cost of Living In Minneapolis, MN

Cost of Living in Minneapolis , MN is
13.5% Higher
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Best-Paid Skills and Qualifications for Product Development Director

What skills does a Product Development Director need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Fintech: Integrating software technologies and applications to improve and automate the delivery and use of financial operations to consumers.

See More Skills
Analysis 4.46%
Futures 2.87%
Fintech 1.82%
Others 90.85%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Product Development Director higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master E- Commerce, you can get a 8% salary raise. If you are good at Empathy, your salary will increase by 6%. If you are expert in Payment Processing, your salary will rise by 6%.
Skill Salary Demand
E- Commerce
 $235,884
8%
Empathy
 $231,516
6%
Payment Processing
 $231,516
6%
Fintech
 $231,516
6%
Scrum
 $229,331
5%
B2B
 $229,331
5%
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Last Updated on December 01, 2024

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 Director is $218,411 per year in Minneapolis, MN, updated at December 01, 2024.
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