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Become A Product Development Specialist

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Working As A Product Development Specialist

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Interpreting the Meaning of Information for Others
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Make Decisions

  • $77,000

    Average Salary

What Does A Product Development Specialist Do

Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

Duties

Market research analysts typically do the following:

  • Monitor and forecast marketing and sales trends
  • Measure the effectiveness of marketing programs and strategies
  • Devise and evaluate methods for collecting data, such as surveys, questionnaires, and opinion polls
  • Gather data on consumers, competitors, and market conditions
  • Analyze data using statistical software
  • Convert complex data and findings into understandable tables, graphs, and written reports
  • Prepare reports and present results to clients and management

Market research analysts research and gather data to help a company market its products or services. They gather data on consumer demographics, preferences, needs, and buying habits. They collect data and information using a variety of methods, such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, and literature reviews.

Analysts help determine a company’s position in the marketplace by researching their competitors and analyzing their prices, sales, and marketing methods. Using this information, they may determine potential markets, product demand, and pricing. Their knowledge of the targeted consumer enables them to develop advertising brochures and commercials, sales plans, and product promotions. 

Market research analysts evaluate data using statistical techniques and software. They must interpret what the data mean for their client, and they may forecast future trends. They often make charts, graphs, infographics, and other visual aids to present the results of their research. 

Workers who design and conduct surveys are known as survey researchers.

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How To Become A Product Development Specialist

Most market research analysts need at least a bachelor’s degree. Top research positions may require a master’s degree. Strong math and analytical skills are essential. 

Education

Market research analysts typically need a bachelor’s degree in market research or a related field. Many have degrees in fields such as statistics, math, and computer science. Others have backgrounds in business administration, the social sciences, or communications.

Courses in statistics, research methods, and marketing are essential for these workers. Courses in communications and social sciences, such as economics or consumer behavior, are also important.

Some market research analyst jobs require a master’s degree. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). A master’s degree is often required for leadership positions or positions that perform more technical research. 

Licenses, Certifications, and Registrations

Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Candidates qualify based on experience and knowledge; they must pass an exam, be a member of a professional organization, and have at least 3 years working in opinion and marketing research. Individuals must complete 20 hours of industry-related continuing education courses every 2 years to renew their certification.

Important Qualities

Analytical skills. Market research analysts must be able to understand large amounts of data and information. 

Communication skills. Market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients. 

Critical-thinking skills. To determine what marketing strategy would work best for a company, market research analysts must assess all available information.

Detail oriented. Market research analysts must be detail oriented because they often do precise data analysis.

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Product Development Specialist Career Paths

Product Development Specialist
Product Development Coordinator Product Developer Product Manager
Category Manager
8 Yearsyrs
Product Development Coordinator Product Developer Project Manager
Senior Product Manager
9 Yearsyrs
Product Development Coordinator Product Developer
Product Development Manager
7 Yearsyrs
Consultant Project Manager Product Manager
Product Marketing Manager
7 Yearsyrs
Consultant Product Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Consultant Marketing Manager Product Marketing Manager
Senior Product Marketing Manager
10 Yearsyrs
Buyer Manager Marketing Director
Director Of Communications And Marketing
9 Yearsyrs
Buyer Office Manager Account Manager
Strategic Accounts Manager
9 Yearsyrs
Buyer Manager Marketing Manager
Regional Marketing Manager
6 Yearsyrs
Business Analyst Project Manager Marketing Manager
Marketing Program Manager
6 Yearsyrs
Business Analyst Manager Marketing Director
Director, Global Marketing
12 Yearsyrs
Business Analyst Account Manager Marketing Director
Brand Director
10 Yearsyrs
Specialist Account Executive Marketing Consultant
Brand Manager
5 Yearsyrs
Specialist Account Executive District Sales Manager
Market Development Manager
8 Yearsyrs
Specialist Account Executive Marketing Specialist
Marketing And Operations Manager
5 Yearsyrs
Laboratory Technician Research And Development Technician Senior Product Manager
Head Of Marketing
5 Yearsyrs
Laboratory Technician Research And Development Technician Product Marketing Manager
Marketing Manager, Global Marketing
8 Yearsyrs
Quality Assurance Technician Research And Development Technician Product Marketing Manager
Business Development And Marketing Manager
7 Yearsyrs
Technical Writer Marketing Communications Manager Digital Marketing Manager
Manager, Integrated Marketing
7 Yearsyrs
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Do you work as a Product Development Specialist?

Help others decide if this is a good career for them

Average Length of Employment
Product Engineer 3.5 years
Product Lead 3.0 years
Product Developer 2.9 years
Product Specialist 2.5 years
Product Analyst 2.4 years
Top Careers Before Product Development Specialist
Internship 9.2%
Manager 3.6%
Buyer 3.6%
Specialist 3.3%
Top Careers After Product Development Specialist
Consultant 8.0%
Owner 3.4%
Specialist 3.1%
Manager 3.1%

Do you work as a Product Development Specialist?

Average Yearly Salary
$77,000
View Detailed Salary Report
$48,000
Min 10%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$77,000
Median 50%
$124,000
Max 90%
Best Paying Company
Facebook
Highest Paying City
Fargo, ND
Highest Paying State
North Dakota
Avg Experience Level
3.0 years
How much does a Product Development Specialist make at top companies?
The national average salary for a Product Development Specialist in the United States is $77,410 per year or $37 per hour. Those in the bottom 10 percent make under $48,000 a year, and the top 10 percent make over $124,000.

Real Product Development Specialist Salaries

Job Title Company Location Start Date Salary
Senior Trend and Product Development Specialist Forever 21, Inc. Los Angeles, CA Sep 17, 2013 $182,300 -
$200,000
Product Development Specialist Cosmo Specialty Fibers, Inc. Cosmopolis, WA Sep 14, 2013 $130,200
Product Development Expert Sap Labs, LLC Irving, TX Sep 09, 2016 $129,680 -
$220,400
Product Development Specialist 3M Company Saint Paul, MN Oct 01, 2016 $111,939
Product Development Specialist Yagi Tsusho America Inc. New York, NY Mar 11, 2015 $102,814
ECS Product Development Specialist Tyrula LLC McLean, VA Jan 01, 2015 $100,000
Product Development Expert-Life Sciences Saama Technologies, Inc. Campbell, CA Sep 25, 2013 $99,653
Product Development Specialist Tata Communications (America) Inc. Matawan, NJ Sep 11, 2015 $98,571
Software Product Development Specialist Accenture LLP Austin, TX Nov 18, 2015 $97,115
Senior Marketing Research/Product Development Specialist Institute of Electrical & Electronics Engineers Piscataway, NJ Jul 13, 2015 $96,408
Software Product Development Specialist Accenture LLP Columbus, OH Apr 25, 2016 $95,944
Software Product Development Specialist Accenture LLP Austin, TX Apr 25, 2016 $95,944
Product Development Specialist Color Global, Inc. Burlingame, CA Aug 22, 2015 $80,000
Product Development Specialist 3M Company MN Oct 02, 2013 $75,903
Product Development Specialist (Food Scientist) MacAbee Foods, LLC West Nyack, NY Jan 27, 2016 $75,000
Product Development Purchasing Specialist CNH Industrial America LLC New Holland, PA Sep 02, 2015 $74,750
Product Development Specialist Ensmax LLC Houston, TX Oct 09, 2016 $73,880
Product Specialist 3/Dot NET Developer AVCO Consulting Inc. Worcester, MA May 12, 2015 $72,093
Product Development Specialist ACI Infotech Inc. Piscataway, NJ Aug 25, 2016 $72,000
Product Development Specialist Sweden Unlimited LLC New York, NY Sep 10, 2013 $55,000
Product Development Professional Federal Home Loan Mortgage Co. McLean, VA Jan 16, 2013 $54,500 -
$95,200
Product Development Specialist Barilla America, Inc. Bannockburn, IL Sep 02, 2015 $53,498
Specialist Product Development Staples, Inc. Framingham, MA Jun 24, 2014 $53,000
Marketing & Product Development Specialist E-Filliate Inc. Rancho Cordova, CA Sep 18, 2015 $52,500
International Product Development Specialist G&B Global Group, Inc. Stafford, TX Sep 12, 2014 $52,000
Product Development Specialist Amity Technology, LLC Fargo, ND Aug 30, 2015 $50,000

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Top Skills for A Product Development Specialist

  1. New Product Development
  2. Customer Service
  3. Market Research
You can check out examples of real life uses of top skills on resumes here:
  • Oversee multiple projects related to new product development and continuous improvement of existing products.
  • Worked extensively with internal and external stakeholder groups to provide outstanding customer service and support.
  • Established competitive intelligence processes for Product Management and in collaboration with Market Research and Marketing departments.
  • Determined appropriate multicultural marketing approach for products considering risk, compliance, and customer experience.
  • Traveled to production facilities to observe trends in design and oversee construction and work out final patterns and source raw materials.

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Average Salary:

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Top 10 Best States for Product Development Specialists

  1. New Jersey
  2. Rhode Island
  3. Texas
  4. Massachusetts
  5. Washington
  6. Minnesota
  7. New York
  8. Delaware
  9. Pennsylvania
  10. District of Columbia
  • (525 jobs)
  • (87 jobs)
  • (1,035 jobs)
  • (738 jobs)
  • (405 jobs)
  • (343 jobs)
  • (1,069 jobs)
  • (33 jobs)
  • (762 jobs)
  • (126 jobs)

Product Development Specialist Demographics

Gender

Female

45.8%

Male

44.5%

Unknown

9.7%
Ethnicity

White

61.3%

Hispanic or Latino

13.1%

Asian

11.8%

Black or African American

9.7%

Unknown

4.0%
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Foreign Languages Spoken

Spanish

33.3%

French

17.3%

German

11.1%

Chinese

6.2%

Russian

6.2%

Mandarin

6.2%

Portuguese

4.9%

Italian

2.5%

Filipino

1.2%

Gujarati

1.2%

Bosnian

1.2%

Cantonese

1.2%

Japanese

1.2%

Romanian

1.2%

Hindi

1.2%

Tagalog

1.2%

Polish

1.2%

Korean

1.2%
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Product Development Specialist Education

Schools

University of Phoenix

12.6%

Fashion Institute of Technology

8.8%

Pennsylvania State University

7.5%

University of Wisconsin - Milwaukee

6.9%

Fashion Institute of Design and Merchandising

5.7%

University of California - Davis

5.7%

Northeastern University

5.0%

Framingham State University

4.4%

University of Wisconsin - Stout

3.8%

University of North Texas

3.8%

North Carolina State University

3.8%

Ohio State University

3.8%

University of Akron

3.8%

University of Washington

3.8%

University of Missouri - Columbia

3.8%

University of Massachusetts Amherst

3.8%

University of Kansas

3.8%

Ohio University -

3.1%

University of South Florida

3.1%

University of North Florida

3.1%
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Majors

Business

26.9%

Marketing

11.4%

Graphic Design

6.3%

Management

5.4%

Chemistry

4.8%

Communication

4.8%

Finance

4.2%

Mechanical Engineering

4.2%

Specialized Sales And Merchandising

3.7%

Computer Science

3.4%

Food Science

3.0%

English

3.0%

Electrical Engineering

2.9%

Psychology

2.9%

Apparel And Textiles

2.6%

Biology

2.4%

Public Relations

2.2%

Fine Arts

2.1%

Information Technology

1.9%

Accounting

1.9%
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Degrees

Bachelors

49.5%

Masters

23.8%

Other

11.9%

Associate

7.0%

Doctorate

4.2%

Certificate

2.7%

Diploma

0.8%

License

0.2%
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Product Development Specialist Videos

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