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The differences between directors of product development and directors new business 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 product development and a director new business development. Additionally, a director of product development has an average salary of $140,507, which is higher than the $110,272 average annual salary of a director new business development.
The top three skills for a director of product development include product development, project management and product management. The most important skills for a director new business development are business development, project management, and account management.
| Director Of Product Development | Director New Business Development | |
| Yearly salary | $140,507 | $110,272 |
| Hourly rate | $67.55 | $53.02 |
| Growth rate | 10% | 10% |
| Number of jobs | 175,429 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
A director of new business development is in charge of spearheading new programs and procedures, ensuring efficiency and smooth workflow. It is their duty to set goals and objectives in adherence to the company's vision and mission, establishing guidelines, allocating budgets, and overseeing the progress of all efforts. Furthermore, as a director of new business development, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Directors of product development and directors new business development have different pay scales, as shown below.
| Director Of Product Development | Director New Business Development | |
| Average salary | $140,507 | $110,272 |
| Salary range | Between $100,000 And $196,000 | Between $72,000 And $168,000 |
| Highest paying City | San Mateo, CA | Sacramento, CA |
| Highest paying state | California | California |
| Best paying company | Apple | Wpp Us Holdings Inc |
| Best paying industry | Manufacturing | Energy |
There are a few differences between a director of product development and a director new business development in terms of educational background:
| Director Of Product Development | Director New Business Development | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors of product development' and directors new business development' demographics:
| Director Of Product Development | Director New Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 72.0% Female, 28.0% | Male, 69.2% Female, 30.8% |
| 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% |