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The differences between chief product officers and vice presidents product development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a chief product officer, becoming a vice president product development takes usually requires 8-10 years. Additionally, a vice president product development has an average salary of $168,835, which is higher than the $134,865 average annual salary of a chief product officer.
The top three skills for a chief product officer include CPO, patrol and patients. The most important skills for a vice president product development are product development, R, and analytics.
| Chief Product Officer | Vice President Product Development | |
| Yearly salary | $134,865 | $168,835 |
| Hourly rate | $64.84 | $81.17 |
| Growth rate | 6% | 10% |
| Number of jobs | 145,190 | 180,783 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 71% |
| Average age | 52 | 39 |
| Years of experience | - | 10 |
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.
A vice president for product development is responsible for leading the product development team in the execution of development activities to enhance the product's brand image in the market and achieve the sales performance target. Vice presidents for product development monitor the product development techniques from the conceptualization to the final execution and market release. They also handle the budget and resource allocation to support product development operations, ensuring that the outputs meet the quality standards and timetables.
Chief product officers and vice presidents product development have different pay scales, as shown below.
| Chief Product Officer | Vice President Product Development | |
| Average salary | $134,865 | $168,835 |
| Salary range | Between $74,000 And $242,000 | Between $109,000 And $259,000 |
| Highest paying City | Newark, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | McKinsey & Company Inc | |
| Best paying industry | Professional | Technology |
There are a few differences between a chief product officer and a vice president product development in terms of educational background:
| Chief Product Officer | Vice President Product Development | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between chief product officers' and vice presidents product development' demographics:
| Chief Product Officer | Vice President Product Development | |
| Average age | 52 | 39 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 78.1% Female, 21.9% |
| Race ratio | 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% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 10% |