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The differences between corporate development directors and product directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a corporate development director and a product director. Additionally, a corporate development director has an average salary of $159,614, which is higher than the $148,910 average annual salary of a product director.
The top three skills for a corporate development director include corporate development, project management and financial models. The most important skills for a product director are product management, product strategy, and project management.
| Corporate Development Director | Product Director | |
| Yearly salary | $159,614 | $148,910 |
| Hourly rate | $76.74 | $71.59 |
| Growth rate | 10% | 10% |
| Number of jobs | 95,421 | 125,200 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Corporate Development Directors are executives with high business acumen. They oversee the business development initiatives of the company, often spearheading these activities. Corporate Development Directors closely follow the industry's current trends and economy, which would affect the market and its consumers. They analyze these trends to create initiatives that would bring further success to the business. Corporate development directors should uphold the company's image and ensure that business development initiatives align with the company's branding.
The duties of a product director depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the product development operations to ensure smooth flow and efficiency, devise strategies to improve processes, gather relevant data such as sales and customer feedback, and coordinate with different departments in developing new products and services. Furthermore, as a director, it is essential to lead and encourage departments to meet goals, all while implementing the company's policies and regulations, including its mission and vision.
Corporate development directors and product directors have different pay scales, as shown below.
| Corporate Development Director | Product Director | |
| Average salary | $159,614 | $148,910 |
| Salary range | Between $110,000 And $230,000 | Between $104,000 And $212,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Mayo Clinic | Meta |
| Best paying industry | Telecommunication | Internet |
There are a few differences between a corporate development director and a product director in terms of educational background:
| Corporate Development Director | Product Director | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between corporate development directors' and product directors' demographics:
| Corporate Development Director | Product Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.7% Female, 30.3% | Male, 72.4% Female, 27.6% |
| 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% |