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The differences between managers, product research and development and market 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, product research and development and a market development manager. Additionally, a market development manager has an average salary of $111,159, which is higher than the $107,581 average annual salary of a manager, product research and development.
The top three skills for a manager, product research and development include R, product development and market research. The most important skills for a market development manager are digital marketing, market development, and competitor analysis.
| Manager, Product Research And Development | Market Development Manager | |
| Yearly salary | $107,581 | $111,159 |
| Hourly rate | $51.72 | $53.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 200,428 | 173,901 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Managers, product research and development and market development managers have different pay scales, as shown below.
| Manager, Product Research And Development | Market Development Manager | |
| Average salary | $107,581 | $111,159 |
| Salary range | Between $75,000 And $152,000 | Between $74,000 And $165,000 |
| Highest paying City | Menlo Park, CA | San Francisco, CA |
| Highest paying state | California | Maryland |
| Best paying company | ByteDance | Apple |
| Best paying industry | Start-up | Technology |
There are a few differences between a manager, product research and development and a market development manager in terms of educational background:
| Manager, Product Research And Development | Market Development Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between managers, product research and development' and market development managers' demographics:
| Manager, Product Research And Development | Market Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 77.1% Female, 22.9% | Male, 70.0% Female, 30.0% |
| 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% |