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The differences between product engineering managers and product development managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a product engineering manager, becoming a product development manager takes usually requires 8-10 years. Additionally, a product engineering manager has an average salary of $125,592, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a product engineering manager include project management, product management and product engineering. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Product Engineering Manager | Product Development Manager | |
| Yearly salary | $125,592 | $113,437 |
| Hourly rate | $60.38 | $54.54 |
| Growth rate | 2% | 10% |
| Number of jobs | 148,619 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Average age | 48 | 39 |
| Years of experience | - | 10 |
A product engineering manager is primarily in charge of overseeing the development of products and procedures, ensuring efficiency and smooth workflow. In a manufacturing setting, their responsibilities include setting objectives, managing the budgets and schedules, coordinating engineers and specialists, implementing solutions in vulnerable areas, and developing strategies to optimize procedures. They must also monitor the progress of processes, resolving any issues promptly and efficiently. Furthermore, as a product engineering manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
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.
Product engineering managers and product development managers have different pay scales, as shown below.
| Product Engineering Manager | Product Development Manager | |
| Average salary | $125,592 | $113,437 |
| Salary range | Between $90,000 And $174,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | Airbnb | Meta |
| Best paying industry | Technology | Retail |
There are a few differences between a product engineering manager and a product development manager in terms of educational background:
| Product Engineering Manager | Product Development Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Most common major | Mechanical Engineering | Business |
| Most common college | University of Michigan - Ann Arbor | University of Georgia |
Here are the differences between product engineering managers' and product development managers' demographics:
| Product Engineering Manager | Product Development Manager | |
| Average age | 48 | 39 |
| Gender ratio | Male, 91.7% Female, 8.3% | Male, 62.2% Female, 37.8% |
| Race ratio | Black or African American, 2.9% Unknown, 4.6% Hispanic or Latino, 8.3% Asian, 14.8% White, 69.3% 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% |