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The differences between retail product managers 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 retail product manager and a product development manager. Additionally, a product development manager has an average salary of $113,437, which is higher than the $82,334 average annual salary of a retail product manager.
The top three skills for a retail product manager include digital marketing, product management and powerpoint. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Retail Product Manager | Product Development Manager | |
| Yearly salary | $82,334 | $113,437 |
| Hourly rate | $39.58 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 190,770 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Retail product managers and product development managers have different pay scales, as shown below.
| Retail Product Manager | Product Development Manager | |
| Average salary | $82,334 | $113,437 |
| Salary range | Between $48,000 And $139,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | Apple | Meta |
| Best paying industry | Retail | Retail |
There are a few differences between a retail product manager and a product development manager in terms of educational background:
| Retail Product Manager | Product Development Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between retail product managers' and product development managers' demographics:
| Retail Product Manager | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 49.6% Female, 50.4% | 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% |