Director of new product development vs director of product development

The differences between directors of new product development and directors of 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 director of new product development and a director of product development. Additionally, a director of product development has an average salary of $140,507, which is higher than the $139,162 average annual salary of a director of new product 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 product development are product development, project management, and product management.

Director of new product development vs director of product development overview

	Director Of New Product Development	Director Of Product Development
Yearly salary	$139,162	$140,507
Hourly rate	$66.90	$67.55
Growth rate	10%	10%
Number of jobs	185,369	175,429
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 71%
Average age	39	39
Years of experience	10	10

What does a director of new product development do?

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.

What does a director of product development do?

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.

Director of new product development vs director of product development salary

Directors of new product development and directors of product development have different pay scales, as shown below.

	Director Of New Product Development	Director Of Product Development
Average salary	$139,162	$140,507
Salary range	Between $94,000 And $204,000	Between $100,000 And $196,000
Highest paying City	San Francisco, CA	San Mateo, CA
Highest paying state	Rhode Island	California
Best paying company	DoorDash	Apple
Best paying industry	Media	Manufacturing

Differences between director of new product development and director of product development education

There are a few differences between a director of new product development and a director of product development in terms of educational background:

	Director Of New Product Development	Director Of 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

Director of new product development vs director of product development demographics

Here are the differences between directors of new product development' and directors of product development' demographics:

	Director Of New Product Development	Director Of Product Development
Average age	39	39
Gender ratio	Male, 77.1% Female, 22.9%	Male, 72.0% Female, 28.0%
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%

Differences between director of new product development and director of product development duties and responsibilities

Director of new product development example responsibilities.

Manage the design development process from designer sketch handover to bulk production delivery.
Review estimated demand levels and spearhead logistics operations to prevent shortage or excess liabilities due to limitations of supplier capacities.
Engage with new strategic sales partners and OEM partnerships, while growing partner revenue production by improving abilities and production.
Manage implementation teams on new system installations and retrofit projects.

Director of product development example responsibilities.

Organize and manage project meetings between partners, vendors, and associates using both scrum and waterfall methodologies.
Manage long-term care, hospital transition, and Medicaid- Medicare expansion initiatives, that includes model of care design and implementation )
Manage packaging design and nutritional labeling within QA guidelines.
Manage company intellectual portfolio and develop key relationships with vendors and clients including leading global technology companies.
Develop using Java, JSP, J2EE, CSS, DHTML, HTML, Plugins and JavaScript.
Prepare proposals for new projects, including project feasibility, ROI, expenses and costs.

Director of new product development vs director of product development skills

Common director of new product development skills

Product Development, 23%
R, 10%
Business Development, 8%
Project Management, 7%
Market Research, 7%
Medical Devices, 4%

Common director of product development skills

Product Development, 12%
Project Management, 9%
Product Management, 9%
R, 7%
Product Strategy, 4%
Market Research, 3%

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Director Of New Product Development
Director Of New Product Development vs Director Of Product Development

Updated January 8, 2025

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