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The differences between directors of product development and vice presidents, product management 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 vice president, product management. Additionally, a vice president, product management has an average salary of $183,231, which is higher than the $140,507 average annual salary of a director of product 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 vice president, product management are product management, analytics, and product strategy.
| Director Of Product Development | Vice President, Product Management | |
| Yearly salary | $140,507 | $183,231 |
| Hourly rate | $67.55 | $88.09 |
| Growth rate | 10% | 10% |
| Number of jobs | 175,429 | 185,361 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| 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 vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends. They also adjust product management approaches to meet the company's goals and objectives and identify opportunities to increase revenues and profitability.
Directors of product development and vice presidents, product management have different pay scales, as shown below.
| Director Of Product Development | Vice President, Product Management | |
| Average salary | $140,507 | $183,231 |
| Salary range | Between $100,000 And $196,000 | Between $127,000 And $262,000 |
| Highest paying City | San Mateo, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | Apple | Okta |
| Best paying industry | Manufacturing | Start-up |
There are a few differences between a director of product development and a vice president, product management in terms of educational background:
| Director Of Product Development | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors of product development' and vice presidents, product management' demographics:
| Director Of Product Development | Vice President, Product Management | |
| Average age | 39 | 39 |
| Gender ratio | Male, 72.0% Female, 28.0% | Male, 80.9% Female, 19.1% |
| 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% |