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The differences between senior product engineering managers and product development managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a senior product engineering manager, becoming a product development manager takes usually requires 8-10 years. Additionally, a senior product engineering manager has an average salary of $140,924, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a senior product engineering manager include control systems, product management and java. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Senior Product Engineering Manager | Product Development Manager | |
| Yearly salary | $140,924 | $113,437 |
| Hourly rate | $67.75 | $54.54 |
| Growth rate | 2% | 10% |
| Number of jobs | 148,558 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 73% |
| Average age | 48 | 39 |
| Years of experience | - | 10 |
The primary tasks of a senior product engineering manager include the design, prototype, authentication, and implementation of new products. Senior product engineering managers the capital plan and budget of the organization. They lead the efforts of technicians and engineers or other team members of the organization to ensure the successful completion of engineering projects. It is expected for them to possess skills and knowledge in project management, product development, application development, and process improvement.
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 product engineering managers and product development managers have different pay scales, as shown below.
| Senior Product Engineering Manager | Product Development Manager | |
| Average salary | $140,924 | $113,437 |
| Salary range | Between $96,000 And $205,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | Roku | Meta |
| Best paying industry | Automotive | Retail |
There are a few differences between a senior product engineering manager and a product development manager in terms of educational background:
| Senior Product Engineering Manager | Product Development Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 73% |
| Most common major | Electrical Engineering | Business |
| Most common college | University of Michigan - Ann Arbor | University of Georgia |
Here are the differences between senior product engineering managers' and product development managers' demographics:
| Senior Product Engineering Manager | Product Development Manager | |
| Average age | 48 | 39 |
| Gender ratio | Male, 92.5% Female, 7.5% | Male, 62.2% Female, 37.8% |
| Race ratio | Black or African American, 2.7% Unknown, 4.5% Hispanic or Latino, 7.5% Asian, 18.9% White, 66.3% 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 | 9% | 10% |