A director of product development is responsible for the formulation and implementation of product development policies and objectives in a company. They must ensure that products align with their company's overall strategy and that consumer satisfaction is achieved. They lead the product development team and also spearhead research for new products, product upgrades, and rebrands.
A director of product development works closely with other professionals in engineering, operations, sales and marketing, finance, and software development in order to realize the company's product objectives. A successful director of product development has software engineering skills, user experience design skills, leadership skills, problem-solving skills, attention to detail, and communication skills.
A director of product development usually works 40 hours a week. This role also involves a bit of traveling to meet with different stakeholders.
There is more than meets the eye when it comes to being a director of product development. For example, did you know that they make an average of $68.75 an hour? That's $143,004 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
There are certain skills that many directors of product development have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and creativity.
When it comes to the most important skills required to be a director of product development, we found that a lot of resumes listed 11.3% of directors of product development included product development, while 9.6% of resumes included project management, and 8.7% of resumes included product management. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the director of product development job title. But what industry to start with? Most directors of product development actually find jobs in the retail and technology industries.
If you're interested in becoming a director of product development, one of the first things to consider is how much education you need. We've determined that 71.3% of directors of product development have a bachelor's degree. In terms of higher education levels, we found that 17.5% of directors of product development have master's degrees. Even though most directors of product development have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a director of product development. When we researched the most common majors for a director of product development, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on director of product development resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a director of product development. In fact, many director of product development jobs require experience in a role such as product manager. Meanwhile, many directors of product development also have previous career experience in roles such as product development manager or project manager.