How much does a Top Product Development Executive make hourly in the United States? The average hourly wage for a Top Product Development Executive in the United States is $146 as of April 24, 2024, but the range typically falls between $127 and $177. Hourly rate 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. 

Top Product Development Executive Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Top Product Development Executive Salary $110 US April 24, 2024
25th Percentile Top Product Development Executive Salary $127 US April 24, 2024
50th Percentile Top Product Development Executive Salary $146 US April 24, 2024
75th Percentile Top Product Development Executive Salary $177 US April 24, 2024
90th Percentile Top Product Development Executive Salary $206 US April 24, 2024
25% $127 10% $110 90% $206 75% $177 $146 50%(Median) Didn’t find job title? Click
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What skills does a Top Product Development Executive 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.

Innovation: The ability and process of implementing new ideas and initiatives to improve organizational performance.

2.

Product Marketing: Product marketing is a process of promoting and selling a product to a customer. Also product marketing is defined as being the intermediary function between product development and increasing brand awareness. For example, product management deals with the basics of product development within a firm, whereas product marketing deals with marketing the product to prospects, customers, and others. Product marketing, as a job function within a firm, also differs from other marketing jobs such as social media marketing, marketing communications ("marcom"), online marketing, advertising, marketing strategy, and public relations, although product marketers may use channels such as online for outbound marketing for their product. A product market is something that is referred to when pitching a new product to the general public. Product market definition focuses on a narrow statement: the product type, customer needs (functional needs), customer type, and geographic area.

3.

Mutual Fund: A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

Innovation 6.06%
Product Marketing 1.82%
Mutual Fund 1.21%
Others 90.91%

Job Description for Top Product Development Executive

Top Product Development Executive provides leadership, vision, and strategy for new product development and product lifecycle management of existing products. Oversees research and concept development activities to innovate new products, product enhancements, and product redesign. Being a Top Product Development Executive conducts market analysis and interacts with customers and prospects to identify new markets, articulate the value proposition, define requirements, and lead the development of a product roadmap. Champions new product development and leads collaboration with internal stakeholders, including marketing, sales, and manufacturing, to ensure that new and existing products support the organization's financial goals. Additionally, Top Product Development Executive requires a bachelor's degree. Typically reports to top management. The Top Product Development Executive manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Top Product Development Executive
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    - 2 Days Ago
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Those that have already made the climb...
Jeffrey Douglas, Senior Vice President and Chief Information Officer
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Ill... More
Fiscal Year Ended in 2022
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Top Product Development Executive salary varies from city to city. Compared with national average salary of Top Product Development Executive, the highest Top Product Development Executive salary is in San Francisco, CA, where the Top Product Development Executive salary is 25.0% above. The lowest Top Product Development Executive salary is in Miami, FL, where the Top Product Development Executive salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Understand the total hourly compensation opportunity for a Top Product Development Executive, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
127
177
146

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
151
244
192
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Top Product Development Executive in the United States. The average hourly rate for Top Product Development Executive ranges from $127 to $177 with the average hourly pay of $146. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $151 to $244 with the average total hourly cash compensation of $192.
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127
177

 

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Skills associated with Top Product Development Executive: Product Optimization, Market Analysis, Product lifecycle management (PLM) software, Strategy Development ...More

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Top Product Development Executive Salary in United States
Top Product Development Executive Salary Graph, Regional Distribution and Summary