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The differences between new product development managers and product developers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a new product development manager, becoming a product developer takes usually requires 8-10 years. Additionally, a new product development manager has an average salary of $154,907, which is higher than the $88,629 average annual salary of a product developer.
The top three skills for a new product development manager include product development, project management and R. The most important skills for a product developer are product development, R, and develop user.
| New Product Development Manager | Product Developer | |
| Yearly salary | $154,907 | $88,629 |
| Hourly rate | $74.47 | $42.61 |
| Growth rate | 2% | 10% |
| Number of jobs | 128,622 | 147,035 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Average age | 48 | 39 |
| Years of experience | 4 | 10 |
New product development managers search for new opportunities to develop a new product and oversee the process from creating the concept to its distribution. These managers are responsible for the innovations in existing products to attract a bigger market range. They work with other departments throughout the product development process to create the designs and marketing strategy. Also, they make sure that they only produce the products that will represent their company's brand, mission, and vision well.
A product developer is responsible for creating the designs of an industrial product based on the client's specifications and budget requirements. Product developers work closely with the whole design team to strategize and execute plans within the agreed timeframe. Product developers must be updated with the current industry trends, developing designs that would be competitive in the market, boosting the company's brand image to attract potential clients, and generate more revenues. A product developer should have excellent knowledge of the technology industry, as well as utilizing various software tools to create high-quality designs.
New product development managers and product developers have different pay scales, as shown below.
| New Product Development Manager | Product Developer | |
| Average salary | $154,907 | $88,629 |
| Salary range | Between $106,000 And $225,000 | Between $63,000 And $123,000 |
| Highest paying City | Austin, TX | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Kaiser Permanente | The Citadel |
| Best paying industry | Professional | Technology |
There are a few differences between a new product development manager and a product developer in terms of educational background:
| New Product Development Manager | Product Developer | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Georgia |
Here are the differences between new product development managers' and product developers' demographics:
| New Product Development Manager | Product Developer | |
| Average age | 48 | 39 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 61.1% Female, 38.9% |
| Race ratio | Black or African American, 3.1% Unknown, 4.7% Hispanic or Latino, 9.0% Asian, 11.7% White, 71.3% 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 | 9% | 10% |