New Product Development Manager Salary
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How much does a New Product Development Manager make? The average New Product Development Manager salary is $141,268 as of June 27, 2024, but the salary range typically falls between $123,178 and $162,602. 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.
Salary range for a New Product Development Manager
$123,178 to $162,602
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What does a New Product Development Manager do?
Common responsibilities of a New Product Development Manager
Understanding of cost accounting related to product development, must understand intermediate accounting terminology and practical usage such as budget adherence, forecasting, accruals, reversals, plan vs actuals, NPV, IRR, EBITDA, and Free Cash Flow.
November 07, 2022
Works with assigned contract administrator to review customer contracts and purchase orders for development programs to identify and clarify differences between the contract, purchase order, and the proposal.
February 23, 2023
Create risk management plans to identify, analyze, monitor and respond to risks associated with the project to ensure ability to achieve expected outcomes on time and on budget.
February 27, 2023
Developing an in-depth understanding of assigned franchise, associated technologies and supply chain to ensure sound decision making from project chartering, through design, development and implementation, resulting in market successful products and reliable, cost-effective supply.
March 09, 2023
Provides technical support and guidance to Design Engineers, including review and critique of design documentation, development plans, test plans, and test results as pertaining to new product development efforts.
April 09, 2023
Demonstrated experience with continuous improvement activities relating to engineering and other business processes.
April 10, 2023
Manages the development and implementation process of a company's products and services involving departmental or cross-functional teams focused on the delivery of new or existing products.
April 12, 2023
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Explore JobArchitectNew Product Development Manager Salary in Major Cities
This chart shows the salary comparison for New Product Development Manager between major cities. San Francisco City consistently ranks #1 as of June 27, 2024. Click on the chart to see the detail salary data for New Product Development Manager in each city.
New Product Development Manager Salary by State
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New Product Development Manager Salary by City
Click to see the salary for New Product Development Manager in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $176,585 |
| Washington, DC | $157,232 |
| Miami, FL | $136,324 |
| Chicago, IL | $148,190 |
| Boston, MA | $158,362 |
| New York, NY | $165,001 |
| Dallas, TX | $139,432 |
If you'd like know New Product Development Manager Salary in other cities, then please select a city in
Average Salary Range for New Product Development Manager
Average Base Salary
Core compensation
123178
162602
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for New Product Development Manager in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of New Product Development Manager in the United States. The base salary for New Product Development Manager ranges from $123,178 to $162,602 with the average base salary of $141,268. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $132,291 to $183,415 with the average total cash compensation of $154,675.
View Average Salary for New Product Development Manager as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $141,268 | $123,178 - $162,602 |
| Bonus | $13,406 | $9,112 - $20,812 |
| Total Pay | $154,675 | $132,291 - $183,415 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
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Comments about New Product Development Manager
What's the difference between New Product Development Research/Planning Manager and New Product Development Manager?
According to our latest salary estimation on June 27, 2024. The average salary of New Product Development Manager is $141,268, and the average salary of New Product Development Research/Planning Manager is $130,800. The average salary of New Product Development Research/Planning Manager is lower than New Product Development Manager. ( 2024-06-27 salary.com )
I am a New Product Development Manager, which location’s salary is higher, Auburn, AL or Bentonville, AR?
Bentonville, AR typically sees higher pay than Auburn, AL for New Product Development Manager. a New Product Development Manager Salary in Bentonville, AR is $127,707 as of June 27, 2024; a New Product Development Manager Salary in Auburn, AL is $124,599 as of June 27, 2024. ( 2024-06-27 salary.com )
New Product Development Manager Frequently Asked Questions
Why does the salary of a New Product Development Manager vary from city to city?
The cost of living is tied to salaries.
If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there.
This is why you're always going to make more money in New York City for example, than in a small town. ( 2024-06-27 salary.com )
What are the Pay Factors for New Product Development Manager?
Salary ranges for a New Product Development Manager can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience.
Click here to view Eight Factors That Can Affect Your Pay ( 2024-06-27 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company,
but there are several important pay factors that come into play based on your individual history that could impact your value to the company.
Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2024-06-27 salary.com )
Recently searched related titles: Foundry Manager, Assistant Product Development Manager, Associate Product Developer
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
Last Update: June 27, 2024