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The differences between senior managers, product development and managers, strategy can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a senior manager, product development and a manager, strategy. Additionally, a senior manager, product development has an average salary of $128,407, which is higher than the $109,831 average annual salary of a manager, strategy.
The top three skills for a senior manager, product development include project management, product development and product management. The most important skills for a manager, strategy are project management, portfolio, and client facing.
| Senior Manager, Product Development | Manager, Strategy | |
| Yearly salary | $128,407 | $109,831 |
| Hourly rate | $61.73 | $52.80 |
| Growth rate | 10% | 10% |
| Number of jobs | 192,651 | 148,326 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A senior manager of product development is in charge of overseeing the efforts put into designing and manufacturing products, including quality control operations. Their responsibilities revolve around coordinating with different departments to gather data, performing research and analysis to assess existing procedures, and devising strategies to optimize processes. They may also set goals and schedules, produce progress reports, and spearhead the development of new products and services. Furthermore, as a senior manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
A strategy manager is an individual who reviews a company's objectives for growth and works with executives to formulate actionable plans to achieve these objectives. To make comprehensive recommendations, strategy managers must conduct data analysis of the organization as well as the overall industry. They must provide assessments of market trends and identify business threats and opportunities. Strategy managers should also work with department heads to develop individual team goals and break them down into actionable steps for the employees to complete.
Senior managers, product development and managers, strategy have different pay scales, as shown below.
| Senior Manager, Product Development | Manager, Strategy | |
| Average salary | $128,407 | $109,831 |
| Salary range | Between $95,000 And $172,000 | Between $78,000 And $152,000 |
| Highest paying City | Woonsocket, RI | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Credit Karma | McKinsey & Company Inc |
| Best paying industry | Professional | Technology |
There are a few differences between a senior manager, product development and a manager, strategy in terms of educational background:
| Senior Manager, Product Development | Manager, Strategy | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior managers, product development' and managers, strategy' demographics:
| Senior Manager, Product Development | Manager, Strategy | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 64.7% Female, 35.3% |
| 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% |