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The differences between global senior product managers and product development managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a global senior product manager and a product development manager. Additionally, a global senior product manager has an average salary of $134,871, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a global senior product manager include product management, market research and global product. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Global Senior Product Manager | Product Development Manager | |
| Yearly salary | $134,871 | $113,437 |
| Hourly rate | $64.84 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 127,636 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Global senior product managers lead product managers in coordinating with marketing, sales, and engineering teams by developing product requirements and strategies while incorporating feedback from customers. Aside from having excellent interpersonal, business, technical, and analytical skills, they are also good at product planning and product marketing by introducing products to a new and emerging market worldwide, tracking products from competitors, and coordinating with other executives to gain global markets that are ideal for product penetration.
A product development manager spearheads the development of new products within a company. Most of the time, their responsibilities revolve around conducting marketing research and analysis to determine consumers' needs, coordinating with the product development team to come up with new ideas, proposing business plans to the executives, and creating prototypes. A product development manager must also present a cost analysis, produce progress reports, and address inquiries and concerns. Furthermore, as a manager, it is essential to lead and encourage the staff, all while adhering to the company's policies and regulations.
Global senior product managers and product development managers have different pay scales, as shown below.
| Global Senior Product Manager | Product Development Manager | |
| Average salary | $134,871 | $113,437 |
| Salary range | Between $97,000 And $185,000 | Between $84,000 And $152,000 |
| Highest paying City | San Jose, CA | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | PayPal | Meta |
| Best paying industry | Technology | Retail |
There are a few differences between a global senior product manager and a product development manager in terms of educational background:
| Global Senior Product Manager | Product Development Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between global senior product managers' and product development managers' demographics:
| Global Senior Product Manager | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.7% Female, 30.3% | Male, 62.2% Female, 37.8% |
| 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% |