Position
Salary

How much does a Product Development Manager make?

The average salary for a Product Development Manager is $117,375 per year in the US.

A Product Development Manager plays a key role in bringing new products to market. Their work involves a lot of planning and coordinating. They need to understand market needs and guide product teams. On average, a Product Development Manager earns around $117,375 per year. This salary can vary based on experience, industry, and location.

Here are some common salaries for Product Development Managers:

  • Entry-level: $52,500
  • Experienced: $108,864
  • Senior: $165,227
  • Top earners: $207,500
Salary growth often comes with taking on more responsibility and gaining more experience. Managers who move up to higher-level positions can see even more increases in their pay.

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

Cities like Austin, San Antonio, and Charlotte offer high salaries for Product Development Managers. In Austin, the average salary is nearly $174,000. San Antonio follows closely with an average salary of around $151,000. Charlotte also provides a competitive average salary of nearly $143,000. Other cities such as Seattle, Houston, and Boston also offer attractive compensation packages for Product Development Managers. Seattle has an average salary of just under $142,000. Houston and Boston also provide high salaries with averages around $140,000 and $140,000 respectively. This data shows a variety of opportunities for those seeking well-paying roles in product development.
Graph displaying highest paying cities salaries for Product Development Manager jobs, highlighting Austin, TX with the highest at $173,803 and Chicago, IL with the lowest at $131,348.
  1. Austin, TX
    Average Salary: $173,803
    In Austin, those who manage product development can expect a vibrant tech scene with many opportunities. Companies like Dell and IBM provide great environments for innovation. The city's culture supports creative problem-solving and teamwork.
    Find Product Development Manager jobs in Austin, TX


  2. San Antonio, TX
    Average Salary: $150,881
    Working in San Antonio offers a balance of big company influence and a strong sense of community. With firms like Valero Energy, professionals here can make a tangible impact on product success. The supportive business culture makes for a rewarding career.
    Find Product Development Manager jobs in San Antonio, TX


  3. Charlotte, NC
    Average Salary: $142,845
    Charlotte's booming economy offers many chances for product development leaders. Companies like Bank of America create a stable ground for growth. The city's focus on finance and technology provides a unique perspective in product management.
    Find Product Development Manager jobs in Charlotte, NC


  4. Seattle, WA
    Average Salary: $141,907
    Seattle, a hub for tech giants like Microsoft and Amazon, offers dynamic challenges for product development managers. The city's innovative spirit and vibrant community make it a top choice for those in the field. Professionals can expect to be at the forefront of tech advancements.
    Find Product Development Manager jobs in Seattle, WA


  5. Houston, TX
    Average Salary: $140,735
    Houston's diverse industries provide a rich landscape for product development professionals. Companies in energy, aerospace, and tech offer varied opportunities. The city's collaborative environment fosters creativity and growth in product management.
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  6. Boston, MA
    Average Salary: $139,966
    Boston's rich history and modern innovation create a unique setting for product development managers. With educational institutions and tech firms, the city offers many avenues for professional development. The blend of tradition and modernity makes it an exciting place to work.
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  7. Pittsburgh, PA
    Average Salary: $139,896
    Pittsburgh, with its strong emphasis on research and technology, offers a unique environment for product development leaders. Companies like UPMC and Carnegie Mellon provide robust platforms for innovation. The city's dedication to technology makes it a great place for product managers.
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  8. San Diego, CA
    Average Salary: $136,454
    San Diego's mild climate and thriving biotech industry provide an excellent backdrop for product development professionals. Companies like Qualcomm and biotech startups offer exciting challenges. The city's focus on innovation and quality makes it a top choice for product management roles.
    Find Product Development Manager jobs in San Diego, CA


  9. St. Louis, MO
    Average Salary: $134,254
    St. Louis offers a balanced approach to product development with a mix of big companies and startups. Firms like Emerson provide stability while the local entrepreneurial spirit offers fresh challenges. The city's supportive business community makes it a great place to work.
    Find Product Development Manager jobs in St. Louis, MO


  10. Chicago, IL
    Average Salary: $131,348
    Chicago's diverse industries and strong economy offer many opportunities for product development managers. Companies like Boeing and tech startups provide a dynamic environment. The city's rich cultural scene also offers a rewarding lifestyle for professionals.
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What are the best companies a Product Development Manager can work for?

Companies like the Metropolitan Transportation Authority and Mastercard offer top salaries for Product Development Managers, with averages of over $160,000 annually. Joining firms such as PwC or Molex can also lead to lucrative positions in this field. These top-paying companies provide competitive wages and often include strong benefits packages.
Graph displaying best paying company salaries for Product Development Manager jobs, highlighting Metropolitan Transportation Authority with the highest at $175,477 and Rich Products Corporation with the lowest at $90,486.
  1. Metropolitan Transportation Authority
    Average Salary: $175,477
    The Metropolitan Transportation Authority (MTA) offers rewarding Product Development Manager roles. These positions focus on enhancing public transportation systems. The MTA operates in New York City, providing vital services to millions of passengers each day.


  2. Mastercard
    Average Salary: $164,904
    Mastercard offers competitive salaries for Product Development Managers. Here, you’ll play a key role in creating innovative financial products. Mastercard is a global leader with operations in over 200 countries.


  3. PwC
    Average Salary: $164,092
    PwC provides an excellent environment for Product Development Managers. They focus on delivering cutting-edge solutions for their clients. PwC operates in over 158 countries, making it a globally recognized firm.


  4. Molex
    Average Salary: $160,909
    Molex offers rewarding Product Development Manager positions. They specialize in creating advanced electronic and fiber optic connectivity solutions. Molex operates globally, serving clients in numerous industries.


  5. Walmart
    Average Salary: $157,500
    Walmart offers competitive Product Development Manager salaries. In these roles, you'll work on projects that enhance the retail experience. With stores worldwide, Walmart is a leading global retailer.


  6. Amgen
    Average Salary: $143,341
    Amgen offers Product Development Manager positions with a strong focus on biotechnology. These roles involve creating innovative healthcare solutions. Amgen has a global presence and operates in many countries.


  7. AbbVie
    Average Salary: $130,082
    AbbVie provides Product Development Manager roles with a focus on pharmaceuticals. These positions involve developing new treatments for serious diseases. AbbVie operates globally, serving patients around the world.


  8. Gap Inc.
    Average Salary: $101,450
    Gap Inc. offers Product Development Manager positions in the retail industry. These roles focus on creating innovative fashion products. Gap Inc. operates in many countries, making it a global retailer.


  9. Rich Products Corporation
    Average Salary: $90,486
    Rich Products Corporation offers Product Development Manager roles in the food industry. These positions focus on developing new food products. The company operates in multiple locations, serving the global market.

How to earn more as a Product Development Manager?

Becoming a Product Development Manager can be a rewarding career. This role often involves guiding a team to create successful products. Increasing your salary in this field can be achieved through various means. Focus on these key factors to enhance your earning potential.

Firstly, gaining experience in product development can help. Start with entry-level roles and move up as you learn more. Experience makes you a more valuable employee. Secondly, getting advanced degrees or certifications can boost your resume. Look for courses that focus on product management, project management, or business skills. Thirdly, mastering new technologies can help. Stay updated on the latest tools and software used in product development. Fourthly, networking with industry professionals can open new opportunities. Attend conferences and join professional groups. Lastly, developing soft skills like communication and leadership can set you apart. These skills are important in managing a team effectively.

To maximize your earnings, consider these actions:

  • Gain experience in product development
  • Obtain advanced degrees or certifications
  • Stay updated with new technologies
  • Network with industry professionals
  • Develop strong soft skills

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