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The differences between chief development officers and chief product officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a chief development officer, becoming a chief product officer takes usually requires More than 10 years. Additionally, a chief product officer has an average salary of $134,865, which is higher than the $116,047 average annual salary of a chief development officer.
The top three skills for a chief development officer include kids, oversight and CDO. The most important skills for a chief product officer are CPO, patrol, and patients.
| Chief Development Officer | Chief Product Officer | |
| Yearly salary | $116,047 | $134,865 |
| Hourly rate | $55.79 | $64.84 |
| Growth rate | 8% | 6% |
| Number of jobs | 135,511 | 145,190 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 48% |
| Average age | 42 | 52 |
| Years of experience | 4 | - |
A chief development officer is responsible for joining the senior management team in incorporating business decisions that would benefit the organization in achieving long-term goals and objectives. Chief development officers lead the growth planning and strategizing techniques to improve operations and ensure customer satisfaction. They approve budgets and resources allocation across the organization to serve business functions and address issues. A chief development officer must have excellent communication and leadership skills, especially in raising funds and maintaining healthy relationships with business partners.
A chief product officer (CPO) is an executive professional who is responsible for managing a company's product management team to create products that can deliver sustainable value to both customers and the business. This executive must lead the strategic product direction, which includes product vision, design, development, and marketing. To get insights from the needs of customers, this executive is required to initiate various types of customer research to use it to differentiate products from competitors. This chief product officer must also take part in exhibitions to present products to the audience.
Chief development officers and chief product officers have different pay scales, as shown below.
| Chief Development Officer | Chief Product Officer | |
| Average salary | $116,047 | $134,865 |
| Salary range | Between $67,000 And $199,000 | Between $74,000 And $242,000 |
| Highest paying City | New York, NY | Newark, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | McKinsey & Company Inc | McKinsey & Company Inc |
| Best paying industry | Professional | Professional |
There are a few differences between a chief development officer and a chief product officer in terms of educational background:
| Chief Development Officer | Chief Product Officer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Georgia |
Here are the differences between chief development officers' and chief product officers' demographics:
| Chief Development Officer | Chief Product Officer | |
| Average age | 42 | 52 |
| Gender ratio | Male, 66.7% Female, 33.3% | Male, 71.4% Female, 28.6% |
| Race ratio | Black or African American, 6.0% Unknown, 4.7% Hispanic or Latino, 9.2% Asian, 5.1% White, 74.6% American Indian and Alaska Native, 0.4% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.8% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 16% | 12% |