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What is a new product development manager and how to become one
As a New Product Development Manager, you are responsible for searching for new opportunities in order to develop a new product. You will also oversee the process from concept creation to actual product distribution. You need to make the products more attractive and appealing to a bigger market range.
To be a successful New Product Development Manager, you need to possess important skills and traits. Firstly, you need to be detail-oriented. Of course, you do not want to commit any mistake during the process and distribution, so you should closely pay attention to details. Next is math skills; you need to know how to perform basic math operations. Lastly, since you will be dealing with a lot of information, you need to have great analytical skills to help you better understand the information at hand and efficiently communicate it to your audience.
As a New Product Development Manager, you can earn around $96,932 per year on average. There is also a job growth rate of 3%, which is not bad. After some time being a New Product Development Manager, you can then become a Marketing Manager, Senior Product Manager, and Senior Product Line Manager.
What's a day at work look like for a new product development manager?
Sachin Tuli
Director, International Business Major, Wisconsin School of Business, University of Wisconsin-Madison
Avg. Salary $154,907
Avg. Salary $59,228
Growth rate 2%
Growth rate 0.3%
American Indian and Alaska Native 0.16%
Asian 11.73%
Black or African American 3.13%
Hispanic or Latino 8.97%
Unknown 4.69%
White 71.33%
Genderfemale 25.78%
male 74.22%
Age - 48American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 48Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
New product development manager career paths
Key steps to become a new product development manager
Explore new product development manager education requirements
Start to develop specific new product development manager skills
Skills Percentages Product Development 33.37% Project Management 15.50% R 12.02% Business Development 3.49% Direct Reports 2.91% Complete relevant new product development manager training and internships
Accountants spend an average of 3-6 months on post-employment, on-the-job training. New new product development managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a new product development manager based on U.S. Bureau of Labor Statistics data and data from real new product development manager resumes.Gain additional new product development manager certifications
More About CertificationsNew product development manager certifications can show employers you have a baseline of knowledge expected for the position. Certifications can also make you a more competitive candidate. Even if employers don't require a specific new product development manager certification, having one may help you stand out relative to other applicants.
The most common certifications for new product development managers include Project Management Professional (PMP) and Six Sigma Green Belt.
Research new product development manager duties and responsibilities
- Manage project closeout upon completion, including an analysis of the project's success in meeting the ROI goals.
- Handle design and specification of administration system requirements to efficiently manage, operate, and support client API configurations and sessions.
- Introduce procedures include ROI analysis with marketing, technical prototype sessions, use of FMEA analysis and project scheduling and management.
- Utilize SQL to support data-driven analysis and decision processes to inform project prioritization, assess feature effectiveness, and troubleshoot issues.
Prepare your new product development manager resume
When your background is strong enough, you can start writing your new product development manager resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a new product development manager resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
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Apply for new product development manager jobs
Now it's time to start searching for a new product development manager job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first new product development manager job
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Average new product development manager salary
The average new product development manager salary in the United States is $154,907 per year or $74 per hour. New product development manager salaries range between $106,000 and $225,000 per year.
What am I worth?
How do new product development managers rate their job?
New product development manager reviews
Solve tough problems, work on agile teams, outlet for creativity,
high expectations, constantly evolving technology, broad range of topics to learn (product management specifics, industry, technology, software development methods
Its not a specific job, As a product manager your job responsibilities cover many different areas and that's what i love about it.
all other teams think that they are doing a task for you instead of thinking that they are part of a team on a project
Being able to solve technical problems and manage staff for work
Updated January 8, 2025
