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The differences between consultants in product development and vice presidents product development can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a consultant in product development and a vice president product development. Additionally, a vice president product development has an average salary of $168,835, which is higher than the $111,727 average annual salary of a consultant in product development.
The top three skills for a consultant in product development include cycle management, business development and product development. The most important skills for a vice president product development are product development, R, and analytics.
| Consultant In Product Development | Vice President Product Development | |
| Yearly salary | $111,727 | $168,835 |
| Hourly rate | $53.71 | $81.17 |
| Growth rate | 10% | 10% |
| Number of jobs | 138,422 | 180,783 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Product development consultants create products with enhanced or additional features to help their clients remain competitive. They evaluate the proposed designs of products before advising their team to start its development. Their jobs are mainly to report on actions to improve the product proposals and give constructive criticisms regarding the staff's performance during meetings or group huddles. They must also have strong written and verbal communication skills, knowledge in product development processes, and detail orientation to perform the duties of the job well.
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.
Consultants in product development and vice presidents product development have different pay scales, as shown below.
| Consultant In Product Development | Vice President Product Development | |
| Average salary | $111,727 | $168,835 |
| Salary range | Between $81,000 And $153,000 | Between $109,000 And $259,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | ERM | |
| Best paying industry | Transportation | Technology |
There are a few differences between a consultant in product development and a vice president product development in terms of educational background:
| Consultant In Product Development | Vice President Product Development | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between consultants in product development' and vice presidents product development' demographics:
| Consultant In Product Development | Vice President Product Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 66.6% Female, 33.4% | Male, 78.1% Female, 21.9% |
| Race ratio | 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% | 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 | 10% | 10% |