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The differences between directors of new product development and global 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 director of new product development and a global director. Additionally, a global director has an average salary of $157,749, 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 global director are project management, cloud, and HR.
| Director Of New Product Development | Global Director | |
| Yearly salary | $139,162 | $157,749 |
| Hourly rate | $66.90 | $75.84 |
| Growth rate | 10% | 10% |
| Number of jobs | 185,369 | 81,120 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| 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.
The duties of a global director will vary on one's line of work or company of employment. Typically, their responsibilities will revolve around overseeing and leading a diverse range of employees or departments, developing new strategies and programs for global markets, and ensuring that all products and services are inclusive and public friendly. Furthermore, as a director, it is essential to implement all policies and regulations, all while developing new ones to ensure the efficiency of the company and its services.
Directors of new product development and global directors have different pay scales, as shown below.
| Director Of New Product Development | Global Director | |
| Average salary | $139,162 | $157,749 |
| Salary range | Between $94,000 And $204,000 | Between $107,000 And $230,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | New Jersey |
| Best paying company | DoorDash | Barclays |
| Best paying industry | Media | Automotive |
There are a few differences between a director of new product development and a global director in terms of educational background:
| Director Of New Product Development | Global Director | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| 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 global directors' demographics:
| Director Of New Product Development | Global Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 77.1% Female, 22.9% | Male, 74.5% Female, 25.5% |
| 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% |