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The differences between managers, corporate development 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 manager, corporate development and a product development manager. Additionally, a manager, corporate development has an average salary of $132,983, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a manager, corporate development include corporate development, project management and financial models. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Manager, Corporate Development | Product Development Manager | |
| Yearly salary | $132,983 | $113,437 |
| Hourly rate | $63.93 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 102,069 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A corporate development manager is responsible for planning and executing project management techniques to enhance business performance and improve financial stability. Corporate development managers identify business opportunities that would generate more revenue resources for the business and establish client partnerships. They also handle the budget for corporate operations, including events, programs, and media presence. A corporate development manager must have excellent communication and leadership skills to address the team's needs and concerns to maximize their efficiency and productivity.
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.
Managers, corporate development and product development managers have different pay scales, as shown below.
| Manager, Corporate Development | Product Development Manager | |
| Average salary | $132,983 | $113,437 |
| Salary range | Between $97,000 And $181,000 | Between $84,000 And $152,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Nevada |
| Best paying company | Ropes & Gray | Meta |
| Best paying industry | Start-up | Retail |
There are a few differences between a manager, corporate development and a product development manager in terms of educational background:
| Manager, Corporate Development | Product Development Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between managers, corporate development' and product development managers' demographics:
| Manager, Corporate Development | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 67.0% Female, 33.0% | 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% |