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The differences between senior vice presidents, engineering and vice presidents product development 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 vice president, engineering, becoming a vice president product development takes usually requires 8-10 years. Additionally, a senior vice president, engineering has an average salary of $202,767, which is higher than the $168,835 average annual salary of a vice president product development.
The top three skills for a senior vice president, engineering include cloud, infrastructure and SVP. The most important skills for a vice president product development are product development, R, and analytics.
| Senior Vice President, Engineering | Vice President Product Development | |
| Yearly salary | $202,767 | $168,835 |
| Hourly rate | $97.48 | $81.17 |
| Growth rate | 2% | 10% |
| Number of jobs | 89,222 | 180,783 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| Average age | 48 | 39 |
| Years of experience | - | 10 |
A senior vice president supervises a department, and they typically report to a company president or CEO. They ensure employees comply with company policy, set company goals, and develop business strategies. They may also be responsible for developing budgets, evaluating profits, and calculating financial risk.
A vice president for product development is responsible for leading the product development team in the execution of development activities to enhance the product's brand image in the market and achieve the sales performance target. Vice presidents for product development monitor the product development techniques from the conceptualization to the final execution and market release. They also handle the budget and resource allocation to support product development operations, ensuring that the outputs meet the quality standards and timetables.
Senior vice presidents, engineering and vice presidents product development have different pay scales, as shown below.
| Senior Vice President, Engineering | Vice President Product Development | |
| Average salary | $202,767 | $168,835 |
| Salary range | Between $134,000 And $304,000 | Between $109,000 And $259,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Alaska | Washington |
| Best paying company | RH | |
| Best paying industry | Media | Technology |
There are a few differences between a senior vice president, engineering and a vice president product development in terms of educational background:
| Senior Vice President, Engineering | Vice President Product Development | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 71% |
| Most common major | Electrical Engineering | Business |
| Most common college | University of Michigan - Ann Arbor | University of Georgia |
Here are the differences between senior vice presidents, engineering' and vice presidents product development' demographics:
| Senior Vice President, Engineering | Vice President Product Development | |
| Average age | 48 | 39 |
| Gender ratio | Male, 88.6% Female, 11.4% | Male, 78.1% Female, 21.9% |
| Race ratio | Black or African American, 2.9% Unknown, 4.6% Hispanic or Latino, 8.3% Asian, 15.4% White, 68.7% 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% |