Product Development Specialist Salary in Newark, NJ

Product Development Analyst IV - Average Salary $150,850

Supports the product lifecycle management of existing products and new product development projects. Researches and monitors competitors' products and client feedback for new ideas for products and service offerings. Follows industry developments to identify potential new product opportunities and pricing models. Collaborates with internal teams to evaluate designs for technical feasibility, identify production requirements, and develop marketing plans and roadmap timelines. May evaluate product packaging, labeling, and promotional literature designs for compliance with product and safety specifications and regulatory guidelines. Typically requires a bachelor's degree. Typically reports to a manager. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience.

Product Development Analyst II - Average Salary $97,167

Supports the product lifecycle management of existing products and new product development projects. Researches and monitors competitors' products and client feedback for new ideas for products and service offerings. Follows industry developments to identify potential new product opportunities and pricing models. Collaborates with internal teams to evaluate designs for technical feasibility, identify production requirements, and develop marketing plans and roadmap timelines. May evaluate product packaging, labeling, and promotional literature designs for compliance with product and safety specifications and regulatory guidelines. Typically requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2 -4 years of related experience.

Product Development Analyst III - Average Salary $117,484

Supports the product lifecycle management of existing products and new product development projects. Researches and monitors competitors' products and client feedback for new ideas for products and service offerings. Follows industry developments to identify potential new product opportunities and pricing models. Collaborates with internal teams to evaluate designs for technical feasibility, identify production requirements, and develop marketing plans and roadmap timelines. May evaluate product packaging, labeling, and promotional literature designs for compliance with product and safety specifications and regulatory guidelines. Typically requires a bachelor's degree. Typically reports to a manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4 -7 years of related experience.

Product Development Analyst I - Average Salary $82,483

Supports the product lifecycle management of existing products and new product development projects. Researches and monitors competitors' products and client feedback for new ideas for products and service offerings. Follows industry developments to identify potential new product opportunities and pricing models. Collaborates with internal teams to evaluate designs for technical feasibility, identify production requirements, and develop marketing plans and roadmap timelines. May evaluate product packaging, labeling, and promotional literature designs for compliance with product and safety specifications and regulatory guidelines. Typically requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience.

Product Development Analyst V - Average Salary $182,041

Supports the product lifecycle management of existing products and new product development projects. Researches and monitors competitors' products and client feedback for new ideas for products and service offerings. Follows industry developments to identify potential new product opportunities and pricing models. Collaborates with internal teams to evaluate designs for technical feasibility, identify production requirements, and develop marketing plans and roadmap timelines. May evaluate product packaging, labeling, and promotional literature designs for compliance with product and safety specifications and regulatory guidelines. Typically requires a bachelor's degree. Typically reports to a manager. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience.