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The differences between information technology 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 an information technology product manager and a product development manager. Additionally, a product development manager has an average salary of $113,437, which is higher than the $110,880 average annual salary of an information technology product manager.
The top three skills for an information technology product manager include product management, project management and lifecycle management. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Information Technology Product Manager | Product Development Manager | |
| Yearly salary | $110,880 | $113,437 |
| Hourly rate | $53.31 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 169,462 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
An information technology product manager is responsible for developing technical solutions for business requirements in meeting revenue goals and achieving the highest customer satisfaction. Information technology product managers conduct data and statistical analysis to determine current market trends and identify technology opportunities to monitor product activities and increase the brand's image to various market platforms. An information technology product manager evaluate the stability and efficiency of technological advancements to determine methods for product creation and optimization.
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.
Information technology product managers and product development managers have different pay scales, as shown below.
| Information Technology Product Manager | Product Development Manager | |
| Average salary | $110,880 | $113,437 |
| Salary range | Between $84,000 And $145,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | Cloudflare | Meta |
| Best paying industry | Hospitality | Retail |
There are a few differences between an information technology product manager and a product development manager in terms of educational background:
| Information Technology Product Manager | Product Development Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between information technology product managers' and product development managers' demographics:
| Information Technology Product Manager | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.4% Female, 30.6% | 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% |