How much does a Vice President of Product Development make at companies like ESPEY MFG & ELECTRONICS CORP in the United States? The average salary for Vice President of Product Development at companies like ESPEY MFG & ELECTRONICS CORP in the United States is $268,690 as of March 26, 2024, but the range typically falls between $233,890 and $325,290. 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. View the Cost of Living in Major Cities
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The Vice President of Product Development oversees research for new products, product enhancements, and product redesign. Plans and directs all aspects of an organization's product development policies, objectives, and initiatives. Being a Vice President of Product Development makes recommendations on the potential and practicality of products in development. Ensures that product development activities align with the goals of the organization. In addition, Vice President of Product Development requires a bachelor's degree. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Typically reports to top management. The Vice President of Product Development 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)
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Core compensation
Includes base and annual incentives
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