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The differences between managers, corporate development and product 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 manager. Additionally, a manager, corporate development has an average salary of $132,983, which is higher than the $111,729 average annual salary of a product 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 manager are product management, QA, and product strategy.
| Manager, Corporate Development | Product Manager | |
| Yearly salary | $132,983 | $111,729 |
| Hourly rate | $63.93 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 102,069 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 72% |
| 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 manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
Managers, corporate development and product managers have different pay scales, as shown below.
| Manager, Corporate Development | Product Manager | |
| Average salary | $132,983 | $111,729 |
| Salary range | Between $97,000 And $181,000 | Between $81,000 And $152,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| 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 manager in terms of educational background:
| Manager, Corporate Development | Product Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between managers, corporate development' and product managers' demographics:
| Manager, Corporate Development | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 67.0% Female, 33.0% | Male, 65.3% Female, 34.7% |
| 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% |