Position
Salary

How much does a Product Development Manager make?

The average salary for a Product Development Manager is $114,759 per year in the US.

A Product Development Manager has a rewarding career with competitive pay. The average yearly salary for this role is around $114,759. This means that those who have experience and the right skills can earn a good living. Some managers earn more if they work in big companies or have special skills.


Here are the salary ranges for Product Development Managers, showing how much someone can earn at different experience levels. About 5.62% of managers earn $58,005 or less. At the other end, the top 1.17% earn over $204,000. Most managers fall between $71,277 and $190,728. This data shows that with hard work and dedication, there is good potential to advance and earn more in this field.

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

Job seekers seeking high-paying roles in product development should look at San Francisco, CA. The city offers the highest average salary for product development managers at $136,482. Nearby, San Antonio, TX, also provides a competitive salary of $131,928. In the Pacific Northwest, Seattle, WA, offers a solid average salary of $129,523 for product development managers. Minneapolis, MN, and San Diego, CA, follow closely with average salaries of $124,584 and $123,797, respectively. These cities provide excellent opportunities for those in the field.
Graph displaying highest paying cities salaries for Product Development Manager jobs, highlighting San Francisco, CA with the highest at $136,482 and Chicago, IL with the lowest at $114,813.
  1. San Francisco, CA
    Average Salary: $136,482
    San Francisco offers a dynamic environment for those leading product teams. Tech giants like Google and Salesforce are prominent employers. The city provides endless opportunities for innovation.
    Find Product Development Manager jobs in San Francisco, CA


  2. San Antonio, TX
    Average Salary: $131,928
    In San Antonio, product managers enjoy a blend of culture and tech growth. Companies like IBM and Apple offer exciting roles. The city’s strong economy supports diverse industries.
    Find Product Development Manager jobs in San Antonio, TX


  3. Seattle, WA
    Average Salary: $129,523
    Seattle is a hub for tech innovation. Companies like Amazon and Microsoft provide excellent opportunities for those driving product development. The city's vibrant tech scene fosters creativity and growth.
    Find Product Development Manager jobs in Seattle, WA


  4. Minneapolis, MN
    Average Salary: $124,584
    Minneapolis offers a mix of tradition and modern tech. Companies such as Target and 3M need skilled product leaders. The city's supportive business environment encourages career advancement.
    Find Product Development Manager jobs in Minneapolis, MN


  5. San Diego, CA
    Average Salary: $123,797
    San Diego is a hotspot for tech and biotech. Companies like Qualcomm and Illumina seek innovative product managers. The city's coastal location provides a great quality of life for professionals.
    Find Product Development Manager jobs in San Diego, CA


  6. Houston, TX
    Average Salary: $120,588
    Houston's energy sector and tech industry thrive. Companies like BP and Shell need strong product leaders. The city's diverse economy offers many opportunities for growth and development.
    Find Product Development Manager jobs in Houston, TX


  7. Hartford, CT
    Average Salary: $119,347
    Hartford offers a balanced environment for product managers. Companies like United Technologies and Aetna provide stable roles. The city’s rich history and modern amenities make it a great place to work.
    Find Product Development Manager jobs in Hartford, CT


  8. Denver, CO
    Average Salary: $117,830
    Denver is known for its high quality of life and growing tech scene. Companies like Lockheed Martin and Chipotle need product innovators. The city’s outdoorsy culture adds to its appeal.
    Find Product Development Manager jobs in Denver, CO


  9. Los Angeles, CA
    Average Salary: $116,394
    Los Angeles is a creative and innovative hub. Tech companies like WarnerMedia and Hulu offer exciting product roles. The city’s diverse culture and entertainment industry provide a dynamic work environment.
    Find Product Development Manager jobs in Los Angeles, CA


  10. Chicago, IL
    Average Salary: $114,813
    Chicago offers a mix of tradition and innovation. Companies like McDonald's and Boeing need skilled product leaders. The city’s rich history and modern amenities create a vibrant work culture.
    Find Product Development Manager jobs in Chicago, IL

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

Mastercard stands out for Product Development Managers, offering an average salary of $163,184. PwC follows closely, with an average salary of $141,145. KPMG and CVS Health also provide competitive compensation, with average salaries of $112,500 and $109,162 respectively. Job seekers in this field have excellent options for rewarding career paths.
Graph displaying best paying company salaries for Product Development Manager jobs, highlighting Mastercard with the highest at $163,184 and CVS Health with the lowest at $109,162.
  1. Mastercard
    Average Salary: $163,184
    Mastercard offers exciting roles for Product Development Managers globally. They work on creating innovative financial solutions. Mastercard operates in many locations, including the USA, Europe, Asia, and Africa.


  2. PwC
    Average Salary: $141,145
    At PwC, Product Development Managers focus on delivering technology-driven services. They work across several regions, such as North America, Europe, the Middle East, and Asia. PwC values creativity and strategic thinking.


  3. KPMG
    Average Salary: $112,500
    KPMG offers roles for Product Development Managers who drive digital transformation. They work in major cities worldwide, including New York, London, and Sydney. KPMG emphasizes collaboration and innovation.


  4. CVS Health
    Average Salary: $109,162
    CVS Health provides opportunities for Product Development Managers to enhance healthcare solutions. They are present in the United States, with headquarters in Woonsocket, Rhode Island. CVS Health focuses on improving patient care.

How to earn more as a Product Development Manager?

A Product Development Manager oversees the creation and launch of new products. They play a crucial role in ensuring that products meet market needs and reach their target audience effectively. For those in this role, earning more involves several strategic steps. Focusing on key areas can significantly boost your income and career prospects.

Here are five factors that can help a Product Development Manager earn more:

  1. Gain Industry-Specific Experience: Working in high-demand industries like tech or biotech often comes with higher salaries. Managers with experience in these fields are in greater demand.
  2. Obtain Advanced Certifications: Certifications such as PMP (Project Management Professional) or Six Sigma can enhance your skills and credibility, making you more valuable to potential employers.
  3. Develop Strong Leadership Skills: Effective leadership can improve team performance and drive project success. Employers value managers who can inspire and lead their teams well.
  4. Master Cross-Functional Collaboration: Ability to work with different departments, such as marketing, sales, and engineering, can make you more versatile and attractive to employers.
  5. Stay Updated with Market Trends: Keeping abreast of the latest market trends and technologies helps in making informed decisions that can boost product success and company profits.

Currently 115 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
Overview
Product Development Manager
115 Job Openings