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The differences between product managers and vice presidents product development 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 and a vice president product development. Additionally, a vice president product development has an average salary of $168,835, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a product manager include product management, QA and product strategy. The most important skills for a vice president product development are product development, R, and analytics.
| Product Manager | Vice President Product Development | |
| Yearly salary | $111,729 | $168,835 |
| Hourly rate | $53.72 | $81.17 |
| Growth rate | 10% | 10% |
| Number of jobs | 125,678 | 180,783 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
A vice president for product development is responsible for leading the product development team in the execution of development activities to enhance the product's brand image in the market and achieve the sales performance target. Vice presidents for product development monitor the product development techniques from the conceptualization to the final execution and market release. They also handle the budget and resource allocation to support product development operations, ensuring that the outputs meet the quality standards and timetables.
Product managers and vice presidents product development have different pay scales, as shown below.
| Product Manager | Vice President Product Development | |
| Average salary | $111,729 | $168,835 |
| Salary range | Between $81,000 And $152,000 | Between $109,000 And $259,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Washington |
| Best paying company | Meta | |
| Best paying industry | Retail | Technology |
There are a few differences between a product manager and a vice president product development in terms of educational background:
| Product Manager | Vice President Product Development | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product managers' and vice presidents product development' demographics:
| Product Manager | Vice President Product Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 78.1% Female, 21.9% |
| 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% |