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The differences between directors of new product development and directors of marketing & 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 director of new product development and a director of marketing & development. Additionally, a director of new product development has an average salary of $139,162, which is higher than the $98,174 average annual salary of a director of marketing & development.
The top three skills for a director of new product development include product development, R and business development. The most important skills for a director of marketing & development are facebook, market research, and revenue growth.
| Director Of New Product Development | Director Of Marketing & Development | |
| Yearly salary | $139,162 | $98,174 |
| Hourly rate | $66.90 | $47.20 |
| Growth rate | 10% | 10% |
| Number of jobs | 185,369 | 151,893 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 75% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A director of new product development spearheads and oversees a company's product development operations, from planning to production. They primarily take the lead in conducting research and analyses, coordinating engineers and other experts, evaluating product development plans and guidelines, and liaising with internal and external parties. They also have the authority to approve projects, make significant decisions, negotiate contracts, select concepts, and monitor all procedures, implementing solutions and strategies to optimize operations. Moreover, a director of new product development empowers employees while enforcing company standards and policies.
A director of marketing & development is a management professional who is responsible for improving the marketing scheme of an organization while discovering ways to obtain new customers. This director is required to lead a team of marketers and work with other departments to make the organization's marketing plans become a reality. The director must possess customer service skills as they often personally reach out to and deal directly with clients. This director must also work within the constraints of a budget to create the necessary marketing materials.
Directors of new product development and directors of marketing & development have different pay scales, as shown below.
| Director Of New Product Development | Director Of Marketing & Development | |
| Average salary | $139,162 | $98,174 |
| Salary range | Between $94,000 And $204,000 | Between $59,000 And $162,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Rhode Island | New York |
| Best paying company | DoorDash | Baker McKenzie |
| Best paying industry | Media | Finance |
There are a few differences between a director of new product development and a director of marketing & development in terms of educational background:
| Director Of New Product Development | Director Of Marketing & Development | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors of new product development' and directors of marketing & development' demographics:
| Director Of New Product Development | Director Of Marketing & Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 77.1% Female, 22.9% | Male, 48.3% Female, 51.7% |
| 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% |