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The differences between directors of strategy and product 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 strategy and a product director. Additionally, a product director has an average salary of $148,910, which is higher than the $145,870 average annual salary of a director of strategy.
The top three skills for a director of strategy include analytics, healthcare and project management. The most important skills for a product director are product management, product strategy, and project management.
| Director Of Strategy | Product Director | |
| Yearly salary | $145,870 | $148,910 |
| Hourly rate | $70.13 | $71.59 |
| Growth rate | 10% | 10% |
| Number of jobs | 65,254 | 125,200 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A director of the strategy works together with senior managers in a company to determine where the company is going and how it will get there. This role is frequently found in big companies. The director of the strategy directly reports to senior management and can also be a valuable member of the management lineup. The director often works with a small team consisting of analysts and support staff. The director of the strategy is also responsible for getting and assessing information about the industry and current market trends, competitors, and possible business opportunities.
The duties of a product director depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the product development operations to ensure smooth flow and efficiency, devise strategies to improve processes, gather relevant data such as sales and customer feedback, and coordinate with different departments in developing new products and services. Furthermore, as a director, it is essential to lead and encourage departments to meet goals, all while implementing the company's policies and regulations, including its mission and vision.
Directors of strategy and product directors have different pay scales, as shown below.
| Director Of Strategy | Product Director | |
| Average salary | $145,870 | $148,910 |
| Salary range | Between $107,000 And $198,000 | Between $104,000 And $212,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | McKinsey & Company Inc | Meta |
| Best paying industry | Media | Internet |
There are a few differences between a director of strategy and a product director in terms of educational background:
| Director Of Strategy | Product Director | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors of strategy' and product directors' demographics:
| Director Of Strategy | Product Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 66.2% Female, 33.8% | Male, 72.4% Female, 27.6% |
| 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% |