1. What is the average salary of a Product Development Director?
The average annual salary of Product Development Director is $188,649.
In case you are finding an easy salary calculator,
the average hourly pay of Product Development Director is $91;
the average weekly pay of Product Development Director is $3,628;
the average monthly pay of Product Development Director is $15,721.
2. Where can a Product Development Director earn the most?
A Product Development Director's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Product Development Director earns the most in San Jose, CA, where the annual salary of a Product Development Director is $237,943.
3. What is the highest pay for Product Development Director?
The highest pay for Product Development Director is $226,944.
4. What is the lowest pay for Product Development Director?
The lowest pay for Product Development Director is $155,409.
5. What are the responsibilities of Product Development Director?
Plans and directs the resources and processes required to implement the vision and strategy for new product development and product lifecycle management of existing products. Establishes research and concept development projects and capabilities to innovate new products, product enhancements, and product redesign. Conducts market analysis and interacts with customers and prospects to identify new markets, articulate the value proposition, define requirements, and lead the development of a product roadmap. Oversees new product development and collaboration with internal stakeholders, including marketing, sales, and manufacturing, to ensure that new and existing products support the organization's financial goals. Develops teams with the knowledge and expertise to fulfill product development objectives. Requires a bachelor's degree. Typically reports to senior management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
6. What are the skills of Product Development Director
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.)
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
3.)
Fintech: Integrating software technologies and applications to improve and automate the delivery and use of financial operations to consumers.