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The differences between directors of new product development and senior 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 senior director. Additionally, a senior director has an average salary of $152,047, 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 senior director are healthcare, analytics, and patients.
| Director Of New Product Development | Senior Director | |
| Yearly salary | $139,162 | $152,047 |
| Hourly rate | $66.90 | $73.10 |
| Growth rate | 10% | 10% |
| Number of jobs | 185,369 | 131,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| 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.
Senior directors are the top management who manage the overall corporate structure of a brand. These executives take responsibility for the planning, operations, and profitability of the company. They direct and control all the functions of businesses. Their jobs cover the advertising, marketing, sales, and promotions of products and services. They are the people behind the tactical and strategic management of every asset of the enterprise through different programs.
Directors of new product development and senior directors have different pay scales, as shown below.
| Director Of New Product Development | Senior Director | |
| Average salary | $139,162 | $152,047 |
| Salary range | Between $94,000 And $204,000 | Between $105,000 And $219,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | DoorDash | Apple |
| Best paying industry | Media | Pharmaceutical |
There are a few differences between a director of new product development and a senior director in terms of educational background:
| Director Of New Product Development | Senior Director | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| 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 senior directors' demographics:
| Director Of New Product Development | Senior Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 77.1% Female, 22.9% | Male, 66.6% Female, 33.4% |
| 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% |