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The differences between senior managers, product development 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 senior manager, product development and a product development manager. Additionally, a senior manager, product development has an average salary of $128,407, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a senior manager, product development include project management, product development and product management. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Senior Manager, Product Development | Product Development Manager | |
| Yearly salary | $128,407 | $113,437 |
| Hourly rate | $61.73 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 192,651 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| 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 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.
Senior managers, product development and product development managers have different pay scales, as shown below.
| Senior Manager, Product Development | Product Development Manager | |
| Average salary | $128,407 | $113,437 |
| Salary range | Between $95,000 And $172,000 | Between $84,000 And $152,000 |
| Highest paying City | Woonsocket, RI | San Francisco, CA |
| Highest paying state | Rhode Island | Nevada |
| Best paying company | Credit Karma | Meta |
| Best paying industry | Professional | Retail |
There are a few differences between a senior manager, product development and a product development manager in terms of educational background:
| Senior Manager, Product Development | Product Development Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior managers, product development' and product development managers' demographics:
| Senior Manager, Product Development | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | 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% |