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The differences between product development managers and development & program 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 product development manager and a development & program manager. Additionally, a product development manager has an average salary of $113,437, which is higher than the $102,824 average annual salary of a development & program manager.
The top three skills for a product development manager include product development, project management and lifecycle management. The most important skills for a development & program manager are professional development, project management, and program management.
| Product Development Manager | Development & Program Manager | |
| Yearly salary | $113,437 | $102,824 |
| Hourly rate | $54.54 | $49.43 |
| Growth rate | 10% | 10% |
| Number of jobs | 166,871 | 186,222 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
The responsibilities of a development and program manager depend on one's place or industry of employment. Typically, they are in charge of overseeing the operations behind various projects and programs, ensuring everything is running smoothly and efficiently. They must also devise new strategies to improve workforce performance and services, identify new opportunities for profit growth, and determine the needs of clients. Furthermore, as a manager, it is essential to lead and encourage the team in the joint effort to reach goals, all while implementing the company's policies and regulations.
Product development managers and development & program managers have different pay scales, as shown below.
| Product Development Manager | Development & Program Manager | |
| Average salary | $113,437 | $102,824 |
| Salary range | Between $84,000 And $152,000 | Between $76,000 And $137,000 |
| Highest paying City | San Francisco, CA | Menlo Park, CA |
| Highest paying state | Nevada | California |
| Best paying company | Meta | Foundation Medicine |
| Best paying industry | Retail | Technology |
There are a few differences between a product development manager and a development & program manager in terms of educational background:
| Product Development Manager | Development & Program Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product development managers' and development & program managers' demographics:
| Product Development Manager | Development & Program Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 58.3% Female, 41.7% |
| 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% |