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The differences between development vice presidents and directors of product development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a development vice president, becoming a director of product development takes usually requires 8-10 years. Additionally, a development vice president has an average salary of $156,085, which is higher than the $140,507 average annual salary of a director of product development.
The top three skills for a development vice president include business development, java and development finance. The most important skills for a director of product development are product development, project management, and product management.
Development Vice President | Director Of Product Development | |
Yearly Salary | $156,085 | $140,507 |
Hourly rate | $75.04 | $67.55 |
Growth Rate | 7% | 10% |
Number Of Jobs | 94,188 | 175,429 |
Job Satisfaction | - | - |
Most Common Degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
Average Age | 45 | 39 |
Years Of Experience | 4 | 10 |
A development vice president is in charge of overseeing the operations in a company, ensuring a smooth workflow and efficient workforce. Their responsibilities revolve around creating strategies to develop optimal procedures and services, setting goals and sales targets, identifying the strengths and weaknesses of operations to spearhead improvements, coordinating with analysts and marketing experts to assess the market and consumer needs, and monitoring the progress of different projects. Furthermore, as a development vice president, it is essential to implement the policies and regulations, creating new ones as needed.
A Director of Product Development supervises and implements product development policies, initiatives, and objectives. They conduct market research to determine consumer needs and identify competitors.
Development vice presidents and directors of product development have different pay scales, as shown below.
Development Vice President | Director Of Product Development | |
Average Salary | $156,085 | $140,507 |
Salary Range | Between $103,000 And $235,000 | Between $100,000 And $196,000 |
Highest Paying City | Portland, OR | San Mateo, CA |
Highest Paying State | Oregon | California |
Best Paying Company | Mall of America | Apple |
Best Paying Industry | Hospitality | Manufacturing |
There are a few differences between a development vice president and a director of product development in terms of educational background:
Development Vice President | Director Of Product Development | |
Most Common Degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
Most Common Major | Business | Business |
Most Common College | Northwestern University | University of Georgia |
Here are the differences between development vice presidents' and directors of product development' demographics:
Development Vice President | Director Of Product Development | |
Average Age | 45 | 39 |
Gender Ratio | Male, 67.0% Female, 33.0% | Male, 72.0% Female, 28.0% |
Race Ratio | Black or African American, 11.2% Unknown, 5.5% Hispanic or Latino, 15.7% Asian, 4.4% White, 62.7% American Indian and Alaska Native, 0.5% | 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 | 18% | 10% |