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The differences between senior technical 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 senior technical product manager and a product development manager. Additionally, a senior technical product manager has an average salary of $132,810, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a senior technical product manager include product management, technical product and product vision. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Senior Technical Product Manager | Product Development Manager | |
| Yearly salary | $132,810 | $113,437 |
| Hourly rate | $63.85 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 188,496 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A senior technical product manager is in charge of spearheading the development of product roadmaps and devising strategies to optimize a company's manufacturing processes. They typically assess existing systems and perform maintenance checks, set goals and budgets, utilize the feedback from consumers to improve products, and ensure that all operations are within schedules. Furthermore, as a manager, it is essential to lead and encourage teams 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 technical product managers and product development managers have different pay scales, as shown below.
| Senior Technical Product Manager | Product Development Manager | |
| Average salary | $132,810 | $113,437 |
| Salary range | Between $97,000 And $180,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | The Citadel | Meta |
| Best paying industry | Technology | Retail |
There are a few differences between a senior technical product manager and a product development manager in terms of educational background:
| Senior Technical Product Manager | Product Development Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior technical product managers' and product development managers' demographics:
| Senior Technical Product Manager | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 75.3% Female, 24.7% | 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% |