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Director of product development vs director new business development

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 vs director new business development overview

Director Of Product DevelopmentDirector New Business Development
Yearly salary$140,507$110,272
Hourly rate$67.55$53.02
Growth rate10%10%
Number of jobs175,429154,470
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 76%
Average age3939
Years of experience1010

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.

What does a director new business development do?

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.

Director of product development vs director new business development salary

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

Director Of Product DevelopmentDirector New Business Development
Average salary$140,507$110,272
Salary rangeBetween $100,000 And $196,000Between $72,000 And $168,000
Highest paying CitySan Mateo, CASacramento, CA
Highest paying stateCaliforniaCalifornia
Best paying companyAppleWpp Us Holdings Inc
Best paying industryManufacturingEnergy

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

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 DevelopmentDirector New Business Development
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 76%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Georgia

Director of product development vs director new business development demographics

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

Director Of Product DevelopmentDirector New Business Development
Average age3939
Gender ratioMale, 72.0% Female, 28.0%Male, 69.2% Female, 30.8%
Race ratioBlack 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 Percentage10%10%

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

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.
  • Show more

Director new business development example responsibilities.

  • Manage all duties of prospecting and closing new business from B2B to B2C clientele while performing CRM duties.
  • Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
  • Direct request for proposal (RFP) and agency pitch processes from development to implementation.
  • Define the product strategy and personally establish OEM relationships including Intel, Compaq, and Microsoft.
  • Transform marketing strategy including the use of CRM technology and social media successfully engaging new potential clients.
  • Develop OEM project proposals for potential international partnerships.
  • Show more

Director of product development vs director new business development skills

Common director of product development skills
  • Product Development, 12%
  • Project Management, 9%
  • Product Management, 9%
  • R, 7%
  • Product Strategy, 4%
  • Market Research, 3%
Common director new business development skills
  • Business Development, 20%
  • Project Management, 10%
  • Account Management, 9%
  • Business Strategies, 5%
  • Treasury, 5%
  • Corporate Clients, 5%

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