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The differences between 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 technical product manager and a product development manager. Additionally, a technical product manager has an average salary of $120,052, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a technical product manager include technical product, product management and cloud. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Technical Product Manager | Product Development Manager | |
| Yearly salary | $120,052 | $113,437 |
| Hourly rate | $57.72 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 185,305 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A technical product manager's responsibilities revolve around performing research and analysis to identify consumers' needs, utilizing new technologies to develop strategies and products, coordinating with different teams, and monitoring the entire progress of production. There are also instances when a technical product manager must perform clerical tasks such as producing reports, preparing presentations, responding to issues and concerns promptly, and managing schedules. Furthermore, as a manager, it is essential to lead and encourage staff to meet goals 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.
Technical product managers and product development managers have different pay scales, as shown below.
| Technical Product Manager | Product Development Manager | |
| Average salary | $120,052 | $113,437 |
| Salary range | Between $89,000 And $161,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Nevada |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | Retail |
There are a few differences between a technical product manager and a product development manager in terms of educational background:
| Technical Product Manager | Product Development Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between technical product managers' and product development managers' demographics:
| Technical Product Manager | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 75.8% Female, 24.2% | 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% |