Position
Salary
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:

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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.
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.
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.
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: