How much does a Product Development Manager make in the United States? The average Product Development Manager salary in the United States is $121,895 as of July 27, 2020, but the range typically falls between $105,926 and $141,567. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Product Development Manager manages and coordinates product development projects. Evaluates and resolves technical feasibility, design optimization, and production issues. Being a Product Development Manager ensures that labeling and marketing/promotional literature match product specifications. Researches and monitors existing client base and industry developments and identifies potential new product opportunities. Additionally, Product Development Manager works with other departments to establish a design, technology, product development, and vendor strategy. Manages project budgets and prepares financial analysis reports for top management. May require a bachelor's degree or in a related area. Typically reports to top management. The Product Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Product Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2020 Salary.com)... View full job description
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These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Product Development Manager in the United States. The base salary for Product Development Manager ranges from $105,926 to $141,567 with the average base salary of $121,895. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $112,152 to $157,829 with the average total cash compensation of $131,954.