Position
Salary

How much does a Product Development Manager make?

The average salary for a Product Development Manager is $114,253 per year in the US.

A Product Development Manager often earns a good salary. This role focuses on creating new products. It combines technical know-how with business skills. On average, they make around $114,253 per year. This salary can change based on experience and industry.

Here are some details on how salaries break down:

  • The lowest 10% earn about $58,000.
  • The middle 50% earn between $84,727 and $124,818.
  • The highest 10% earn over $164,909.
This range shows that there is potential to earn more with experience and expertise.

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What are the highest paying cities for a Product Development Manager?

High-paying cities for Product Development Managers include San Francisco, where salaries reach up to $140,365. Job seekers can also find attractive opportunities in San Antonio, with average salaries of around $131,928. Seattle, Charlotte, and Minneapolis offer competitive salaries, making them great places to find a Product Development Manager role. San Diego, Denver, and Houston offer attractive average salaries for this role, making them excellent choices for job seekers. Hartford and Los Angeles also provide competitive pay, offering good opportunities for career growth in product development.
Graph displaying highest paying cities salaries for Product Development Manager jobs, highlighting San Francisco, CA with the highest at $140,365 and Los Angeles, CA with the lowest at $116,644.
  1. San Francisco, CA
    Average Salary: $140,365
    In San Francisco, working in product development means being part of a tech-savvy community. Companies like Google and Salesforce offer exciting challenges and opportunities to innovate.
    Find Product Development Manager jobs in San Francisco, CA


  2. San Antonio, TX
    Average Salary: $131,928
    San Antonio provides a growing market for product developers. With firms such as AT&T and Rackspace, there are plenty of chances to shape new products and make a mark.
    Find Product Development Manager jobs in San Antonio, TX


  3. Seattle, WA
    Average Salary: $131,703
    Seattle's product development scene thrives with tech giants like Amazon and Microsoft. It’s a place where creativity and technology blend to create groundbreaking products.
    Find Product Development Manager jobs in Seattle, WA


  4. Charlotte, NC
    Average Salary: $130,352
    Charlotte offers a blend of tradition and innovation in product development. Companies such as Bank of America and Truist provide a unique environment to develop financial tech products.
    Find Product Development Manager jobs in Charlotte, NC


  5. Minneapolis, MN
    Average Salary: $126,396
    Minneapolis stands out for its strong focus on collaboration in product development. With companies like Target and UnitedHealth Group, there are great opportunities for teamwork and innovation.
    Find Product Development Manager jobs in Minneapolis, MN


  6. San Diego, CA
    Average Salary: $123,508
    In San Diego, product development is vibrant and forward-thinking. Companies like Qualcomm and Illumina offer a dynamic environment to work on cutting-edge technologies.
    Find Product Development Manager jobs in San Diego, CA


  7. Denver, CO
    Average Salary: $121,962
    Denver’s product development field is booming with outdoor and tech companies. With firms like Lockheed Martin and Chipotle, there is a growing demand for new product ideas.
    Find Product Development Manager jobs in Denver, CO


  8. Houston, TX
    Average Salary: $120,588
    Houston’s product development is driven by the energy sector and tech growth. Companies like Shell and Space Center Houston offer unique challenges and opportunities to develop innovative solutions.
    Find Product Development Manager jobs in Houston, TX


  9. Hartford, CT
    Average Salary: $119,347
    Hartford provides a stable and innovative environment for product developers. Firms such as Aetna and Travelers offer a mix of tradition and modern tech to work with.
    Find Product Development Manager jobs in Hartford, CT


  10. Los Angeles, CA
    Average Salary: $116,644
    Los Angeles is a hub for creativity in product development. With companies like Disney and Warner Bros., there are endless opportunities to innovate in entertainment and technology.
    Find Product Development Manager jobs in Los Angeles, CA

What are the best companies a Product Development Manager can work for?

Looking for a Product Development Manager position can lead to great earning potential. Companies like Mastercard, PwC, and KPMG offer top salaries. Mastercard stands out with an average pay of $163,800. Next, PwC offers an average salary of $141,145, followed by KPMG with $112,500. These leading firms provide excellent opportunities for career growth and financial stability.
Graph displaying best paying company salaries for Product Development Manager jobs, highlighting Mastercard with the highest at $163,800 and CVS Health with the lowest at $108,804.
  1. Mastercard
    Average Salary: $163,800
    Mastercard offers exciting opportunities for Product Development Managers. They work in offices worldwide, with major hubs in Purchase, NY, and O'Fallon, MO. At Mastercard, these managers lead teams to create new payment technologies. They focus on innovation and improving customer experiences.


  2. PwC
    Average Salary: $141,145
    PwC provides rewarding roles for Product Development Managers. They operate in major cities like New York, London, and Tokyo. At PwC, managers create solutions to complex business challenges. They use cutting-edge technology to drive growth and efficiency for clients.


  3. KPMG
    Average Salary: $112,500
    KPMG offers competitive salaries for Product Development Managers. They have offices in cities such as Chicago, Toronto, and Sydney. At KPMG, managers develop products that help businesses thrive. They work closely with clients to deliver custom solutions.


  4. CVS Health
    Average Salary: $108,804
    CVS Health is a great place for Product Development Managers. They operate nationwide with headquarters in Woonsocket, RI. At CVS Health, managers create products that improve healthcare access. They focus on innovation to enhance patient care and pharmacy services.

How to earn more as a Product Development Manager?

A Product Development Manager plays a crucial role in bringing new products to market. To earn more in this role, focus on enhancing key skills and experiences. Continuous learning and practical experience can lead to better job offers and promotions. Targeting higher positions and expanding industry knowledge often lead to higher salaries.

Here are key factors that can help increase earnings:

  1. Education: Gaining advanced degrees can make a big difference. A master’s degree in business, engineering, or a related field can open doors to higher-paying positions.
  2. Experience: Working in various roles within product development and management can lead to promotions. Gaining experience in different companies also helps.
  3. Certifications: Earning certifications like PMP or Six Sigma can make a resume stand out. These credentials show a commitment to professional growth.
  4. Networking: Building a strong professional network can lead to job opportunities and salary negotiations. Attending industry events and connecting with peers can be very helpful.
  5. Market Knowledge: Staying informed about industry trends and market demands can help in making better decisions. This knowledge often leads to better performance and higher salaries.

Currently 151 Product Development Manager job openings, nationwide.

How's the job market for a Product Development Manager in the US?

Learn what a Product Development Manager does, how to become one, and understand the job outlook. Get simple steps to start your career as a Product Development Manager today.
Position
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Product Development Manager
151 Job Openings