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A consultant in product development collaborates with and functions across various departments to research, develop, launch, and maintain the company's products and services. They oversee the design of new products, review, use of external products, and product upgrades that increase customer satisfaction and influence the market. Aside from this, they gather insight useful for product development through market trends, client surveys, focus groups, and so on. Additionally, they provide technical support to the consulting team by overseeing sales presentations, product demonstrations, and project design.
The minimum educational requirement for this position is a bachelor's degree in business, management, or a related field. Candidates must have previous experience in product development, product optimization, or technical supplier management. You must possess communication, leadership, problem-solving, collaboration, and decision-making skills. Consultants in product development make $77,483 in a year, with a high of $127,000 and a low of $47,000.
Avg. Salary $111,727
Avg. Salary $59,228
Growth rate 10%
Growth rate 0.3%
American Indian and Alaska Native 0.23%
Asian 8.15%
Black or African American 3.04%
Hispanic or Latino 8.67%
Unknown 5.32%
White 74.58%
Genderfemale 33.38%
male 66.62%
Age - 38American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 38Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
| Skills | Percentages |
|---|---|
| Cycle Management | 18.00% |
| Business Development | 14.77% |
| Product Development | 11.00% |
| Lifecycle Management | 5.40% |
| Product Design | 5.03% |
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The average consultant in product development salary in the United States is $111,727 per year or $54 per hour. Consultant in product development salaries range between $81,000 and $153,000 per year.
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