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The differences between product managers, consumables and product development 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 manager, consumables and a product development manager. Additionally, a product manager, consumables has an average salary of $122,421, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a product manager, consumables include product management, project management and user experience. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Product Manager, Consumables | Product Development Manager | |
| Yearly salary | $122,421 | $113,437 |
| Hourly rate | $58.86 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 107,496 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A product manager of consumables manages a team of professionals that are involved in product development that can increase commission sales. This manager must execute market research for each product category by utilizing online competitive shopping and market trend sources. The manager must develop several new products and launch them while managing the existing brands of the company. This manager must also maintain relationships with business partners and vendors to drive the portfolio.
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 managers, consumables and product development managers have different pay scales, as shown below.
| Product Manager, Consumables | Product Development Manager | |
| Average salary | $122,421 | $113,437 |
| Salary range | Between $84,000 And $178,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | Meta | Meta |
| Best paying industry | Retail | Retail |
There are a few differences between a product manager, consumables and a product development manager in terms of educational background:
| Product Manager, Consumables | Product Development Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product managers, consumables' and product development managers' demographics:
| Product Manager, Consumables | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 55.6% Female, 44.4% | Male, 62.2% Female, 37.8% |
| 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% |