As of February 01, 2025, the average annual salary for a Chief Product Development Officer in Mckinney, TX is $317,561. According to Salary.com, salaries can range from a low of $236,899 to a high of $434,703, with most professionals earning between $275,339 and $378,877.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $385,038 | $32,086 | $7,405 | $185 |
| Average | $322,724 | $26,894 | $6,206 | $155 |
| 25th Percentile | $279,816 | $23,318 | $5,381 | $135 |
An entry-level Chief Product Development Officer with under 1 year experience makes about $288,809. With less than 2 years of experience, a mid-level Chief Product Development Officer makes around $292,552. After 2-4 years, the Chief Product Development Officer pay rises to about $297,544. Those senior Chief Product Development Officer with 5-8 years of experience earn roughly $305,031, and those Chief Product Development Officer having 8 years or more experience are expected to earn about $314,390 on average.
| Levels | Salary |
|---|---|
| Entry Level Chief Product Development Officer | $288,809 |
| Intermediate Level Chief Product Development Officer | $292,552 |
| Senior Level Chief Product Development Officer | $297,544 |
| Specialist Level Chief Product Development Officer | $305,031 |
| Expert Level Chief Product Development Officer | $314,390 |
| Entry Level | 11% |
| Mid Level | 9% |
| Senior Level | 8% |
| Top Level | 5% |
| Experienced | 3% |
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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.
Innovation: The ability and process of implementing new ideas and initiatives to improve organizational performance.
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.
Mutual Fund: A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.
| Skill | Salary | Demand |
|---|---|---|
|
Employee Selection
|
$371,546 |
17%
|
|
Goal Oriented
|
$352,492 |
11%
|
|
Continuous Improvement
|
$342,965 |
8%
|
|
Asset Management
|
$336,614 |
6%
|
|
Industry Knowledge
|
$333,439 |
5%
|
|
Team Management
|
$333,439 |
5%
|
