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Consultant in product development salary
Average consultant in product development salary
$111,727
Average Salary Overview
The average salary for a consultant in product development stands at $111,727 per year or approximately $54 per hour. This figure can vary based on factors such as years of experience, location, and the specific sector within which a consultant operates.
Impact of Experience
Entry-level consultants typically start at a lower salary, gaining experience that can lead to significant salary increases over time. For instance, consultants with five to ten years of experience may see salaries rise to over $120,000, while those with over ten years can exceed $150,000 annually.
Geographic Considerations
Location significantly impacts salary. Major urban centers and tech hubs often offer higher compensation due to increased demand for skilled professionals. For example, cities like San Francisco and New York typically have higher average salaries for product development consultants.
Job Opportunities
Roles in product development consultancy are expanding, especially in industries focusing on innovation. Companies are looking for expertise in market analysis, user experience, and product lifecycle management. By understanding these dynamics, job seekers can position themselves for success in this lucrative field.
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Where can a Consultant In Product Development earn more?
Consultant in product development salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level consultant in product development | $82,900 | $39.88 |
| Mid-level consultant in product development | $88,600 | $42.59 |
| Senior-level consultant in product development | $202,000 | $96.89 |
Average consultant in product development salary by state
The highest-paying states for consultants in product development are California, Massachusetts, and Rhode Island. The lowest average consultant in product development salary states are Kentucky, South Dakota, and Oklahoma.
- State view
- County view
Highest paying states for consultants in product development
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Nevada | $109,152 | $52.48 |
| 2 | California | $139,506 | $67.07 |
| 3 | Arizona | $105,396 | $50.67 |
| 4 | Pennsylvania | $101,019 | $48.57 |
| 5 | Rhode Island | $118,483 | $56.96 |
| 6 | Washington | $109,886 | $52.83 |
| 7 | Massachusetts | $118,486 | $56.96 |
| 8 | Wisconsin | $98,594 | $47.40 |
| 9 | New Mexico | $97,232 | $46.75 |
| 10 | Texas | $95,352 | $45.84 |
| 11 | South Carolina | $105,303 | $50.63 |
| 12 | Alaska | $99,136 | $47.66 |
| 13 | New Jersey | $106,548 | $51.23 |
| 14 | Oregon | $99,183 | $47.68 |
| 15 | Utah | $95,824 | $46.07 |
| 16 | Georgia | $93,209 | $44.81 |
| 17 | Mississippi | $90,760 | $43.63 |
| 18 | Idaho | $98,601 | $47.40 |
| 19 | North Dakota | $90,483 | $43.50 |
| 20 | West Virginia | $95,005 | $45.68 |
| 21 | Arkansas | $90,459 | $43.49 |
| 22 | North Carolina | $96,733 | $46.51 |
| 23 | Delaware | $98,975 | $47.58 |
| 24 | New York | $97,505 | $46.88 |
| 25 | Ohio | $88,456 | $42.53 |
| 26 | Montana | $87,272 | $41.96 |
| 27 | Illinois | $93,792 | $45.09 |
| 28 | Florida | $90,142 | $43.34 |
| 29 | Wyoming | $83,396 | $40.09 |
| 30 | Tennessee | $87,095 | $41.87 |
| 31 | Virginia | $93,654 | $45.03 |
| 32 | Iowa | $88,521 | $42.56 |
| 33 | District of Columbia | $93,328 | $44.87 |
| 34 | Indiana | $87,467 | $42.05 |
| 35 | Maryland | $96,407 | $46.35 |
| 36 | South Dakota | $80,470 | $38.69 |
| 37 | Connecticut | $92,911 | $44.67 |
| 38 | Alabama | $81,365 | $39.12 |
| 39 | Michigan | $83,285 | $40.04 |
| 40 | Minnesota | $85,646 | $41.18 |
| 41 | New Hampshire | $88,000 | $42.31 |
| 42 | Oklahoma | $80,395 | $38.65 |
| 43 | Maine | $87,085 | $41.87 |
| 44 | Louisiana | $85,884 | $41.29 |
| 45 | Missouri | $84,597 | $40.67 |
| 46 | Vermont | $86,623 | $41.65 |
| 47 | Colorado | $88,014 | $42.31 |
| 48 | Kentucky | $81,236 | $39.06 |
| 49 | Kansas | $79,790 | $38.36 |
| 50 | Nebraska | $77,886 | $37.45 |
| 51 | Hawaii | $78,049 | $37.52 |
Highest paying cities for consultants in product development
The highest-paying cities for consultants in product development are San Francisco, CA, Boston, MA, and Seattle, WA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $145,928 | $70.16 |
| 2 | Boston, MA | $118,609 | $57.02 |
| 3 | Seattle, WA | $110,518 | $53.13 |
| 4 | Parsippany-Troy Hills, NJ | $106,535 | $51.22 |
| 5 | Philadelphia, PA | $101,590 | $48.84 |
| 6 | Beaverton, OR | $98,237 | $47.23 |
| 7 | Madison, WI | $98,084 | $47.16 |
| 8 | New York, NY | $97,720 | $46.98 |
| 9 | Bethesda, MD | $96,182 | $46.24 |
| 10 | Charlotte, NC | $96,020 | $46.16 |
| 11 | Austin, TX | $95,907 | $46.11 |
| 12 | Arlington, VA | $94,240 | $45.31 |
| 13 | Chicago, IL | $93,934 | $45.16 |
| 14 | Atlanta, GA | $93,003 | $44.71 |
| 15 | Stamford, CT | $92,833 | $44.63 |
| 16 | Tampa, FL | $91,495 | $43.99 |
| 17 | Cleveland, OH | $89,915 | $43.23 |
| 18 | Colorado Springs, CO | $88,947 | $42.76 |
| 19 | Minneapolis, MN | $85,687 | $41.20 |
| 20 | Saint Louis, MO | $84,802 | $40.77 |
Consultant in product development salary details
A consultant in product development's salary ranges from $81,000 a year at the 10th percentile to $153,000 at the 90th percentile.
What is a consultant in product development's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $153,000 | $12,750 | $74 |
| 75th Percentile | $132,000 | $11,000 | $63 |
| Average | $111,727 | $9,311 | $54 |
| 25th Percentile | $94,000 | $7,833 | $45 |
| 10th Percentile | $81,000 | $6,750 | $39 |
Highest paying consultant in product development jobs
The highest paying types of consultants in product development are vice president product development, product director, and director of product development.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Product Marketing Manager | $112,220 | $9,352 | $53.95 | 166,047 |
| Product Manager | $111,729 | $9,311 | $53.72 | 125,678 |
| Product Line Manager | $97,237 | $8,103 | $46.75 | 158,908 |
| Product Owner | $97,070 | $8,089 | $46.67 | 129,990 |
| Product Lead | $118,828 | $9,902 | $57.13 | 95,557 |
| Development Manager | $110,678 | $9,223 | $53.21 | 111,137 |
Top companies hiring consultants in product development now:
Which companies pay consultants in product development the most?
Consultant in product development salaries at ERM and Verizon Connect are the highest-paying according to our most recent salary estimates. In addition, the average consultant in product development salary at companies like MCI Communications Services Inc and Verizon Data Services Inc are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | ERM | $120,440 | $57.90 |
| 2 | Verizon Connect | $116,550 | $56.03 |
| 3 | MCI Communications Services Inc | $116,550 | $56.03 |
| 4 | Verizon Data Services Inc | $115,721 | $55.64 |
| 5 | Parexel International | $114,413 | $55.01 |
| 6 | Verizon Services Corp. | $113,841 | $54.73 |
| 7 | Verizon Corporate Services Group Inc. | $113,259 | $54.45 |
| 8 | American Family Insurance | $111,630 | $53.67 |
| 9 | Nationwide | $110,697 | $53.22 |
| 10 | Siemens Enterprise Communications Inc | $109,431 | $52.61 |
| 11 | TransUnion | $104,155 | $50.07 |
| 12 | Deloitte | $103,023 | $49.53 |
| 13 | Verizon Communications | $100,268 | $48.21 |
| 14 | TTEC | $99,091 | $47.64 |
| 15 | Hologic | $98,665 | $47.44 |
| 16 | Wipro Limited | $94,279 | $45.33 |
| 17 | Siemens | $92,217 | $44.34 |
Wage gap by gender, race and education
Consultant In Product Development salary by industry
The average consultant in product development salary varies across industries:
- The average consultant in product development salary in the transportation industry is $114,923, the highest of any industry.
- The average consultant in product development salary in the finance industry is $111,813.
- Consultants in product development in the professional industry earn an average salary of $101,381, the lowest of any industry.
Highest paying industries for consultants in product development
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Transportation | $114,923 | $55.25 |
| 2 | Telecommunication | $111,813 | $53.76 |
| 3 | Finance | $110,893 | $53.31 |
| 4 | Manufacturing | $105,477 | $50.71 |
| 5 | Professional | $101,381 | $48.74 |
High paying consultant in product development jobs
Consultant in product development salary trends
The average consultant in product development salary has risen by $20,558 over the last ten years. In 2014, the average consultant in product development earned $91,169 annually, but today, they earn $111,727 a year. That works out to a 8% change in pay for consultants in product development over the last decade.
Compare consultant in product development salaries for cities or states with the national average over time.
Average consultant in product development salary over time
Compare consultant in product development salaries for individual cities or states with the national average.
Consultant in product development salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $112,000 | $53.71 | +3.7% |
| 2024 | $108,000 | $51.70 | +1.9% |
| 2023 | $106,000 | $50.74 | +1.5% |
| 2022 | $104,000 | $49.96 | +0.8% |
| 2021 | $103,000 | $49.56 | +1.9% |
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