The salary of a Product Development Manager in the United States varies depending on several factors, including experience, location, education level, marketing trend and company sizes.
As of January 01, 2025, the average annual salary for a Product Development Manager in the United States is $141,871. Salary.com reports that pay typically ranges from $123,445 to $163,219, with most professionals earning between $106,668 and $182,654.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $163,219 | $13,602 | $3,139 | $78 |
| Average | $141,871 | $11,823 | $2,728 | $68 |
| 25th Percentile | $123,445 | $10,287 | $2,374 | $59 |
An entry-level Product Development Manager with less than 1 year of experience earns about $133,958. With 1-2 years of experience, the average salary increases to $134,777. For 2-4 years of experience, the pay typically rises to $136,687. Senior-level professionals with 5-8 years of experience earn around $138,871, and those with over 8 years of experience can expect an average of $142,994.
| Levels | Salary |
|---|---|
| Entry Level Product Development Manager | $133,958 |
| Intermediate Level Product Development Manager | $134,777 |
| Senior Level Product Development Manager | $136,687 |
| Specialist Level Product Development Manager | $138,871 |
| Expert Level Product Development Manager | $142,994 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 1% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of January 01, 2025, our research reveals a significant shift in Product Development Manager compensation over the past six years. For example, the median salary increased from $147,218 in 2023 to approximately $146,720 in 2024. (For a detailed analysis of Product Development Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Product Development Manager information for you to search for. Click on search button below to see Product Development Manager job openings or enter a new job title here.
Here are companies hiring for Product Development Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $141,871 | 66.9% | ||
| Bonus | $13,060 | 6.2% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $11,852 | 5.6% | ||
| 401K/403B | $6,507 | 3.1% | ||
| Disability | $3,099 | 1.5% | ||
| Healthcare | $8,352 | 3.9% | ||
| Pension | $8,366 | 3.9% | ||
| Time Off | $19,068 | 9.0% | ||
| Total Compensation | $212,176 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.9% |
| High School | 3.7% |
| Associates | 3.7% |
| Bachelors | 49.3% |
| Masters | 35.7% |
| Doctorate | 6.6% |
What Am I Worth?
The average annual salary of Product Development Manager is $141,871. In case you are finding an easy salary calculator, the average hourly pay of Product Development Manager is $68; the average weekly pay of Product Development Manager is $2,728; the average monthly pay of Product Development Manager is $11,823.
A Product Development Manager'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 Manager earns the most in San Jose, CA, where the annual salary of a Product Development Manager is $178,049.
The highest pay for Product Development Manager is $182,654.
The lowest pay for Product Development Manager is $106,668.
Product Development Manager manages the staff, resources, and processes required to implement the vision and strategy for new product development and product lifecycle management of existing products. Incorporates research and concept development projects and capabilities with market analysis, industry intelligence, and customer monitoring to support product roadmaps and innovate new products, enhancements, and redesigns. Being a Product Development Manager coordinates with internal stakeholders, including marketing, sales, and manufacturing, to ensure that new and existing products meet development targets and support the organization's financial goals. Develops teams with the knowledge and expertise to fulfill product development objectives. Additionally, Product Development Manager typically requires a bachelor's degree. Typically reports to a director. 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. To be a Product Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. 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.
Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.
Supply Chain: A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
Product Quality: Product quality refers to how well a product satisfies customer needs, serves its purpose and meets industry standards. When evaluating product quality, businesses consider several key factors, including whether a product solves a problem, works efficiently or suits customers' purposes.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
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