Find The Best Vice President Product Development Jobs For You

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Average Salary
$169,593
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
105,025
Job Openings

Vice President Product Development Careers

This personnel is in charge of overseeing the product development team to develop and execute product development policies, objectives, and activities to promote the product's image in the market and achieve the sales performance target. They supervise the product development strategies from ideation to the final execution and market release. They handle the budget and resource allocation to support product development operations. Additionally, they ensure that outputs meet the quality standards and timetables. Asides from that, he conducts research to identify new products, product improvements, and product redesign.

Vice president product development positions require a bachelor's degree in a related field with previous professional experience in a similar role. Candidates must possess product management, decision-making, sales, leadership, analytical, and communication skills. The vice president of product development earns a whopping sum of $169,593 per year, which is $81.54 per hour. Their salary ranges from $115,000 to $249,000.

There is more than meets the eye when it comes to being a vice president product development. For example, did you know that they make an average of $81.54 an hour? That's $169,593 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.

What Does a Vice President Product Development Do

There are certain skills that many vice presidents product development have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and creativity.

When it comes to the most important skills required to be a vice president product development, we found that a lot of resumes listed 12.7% of vice presidents product development included product development, while 5.8% of resumes included analytics, and 5.5% of resumes included project management. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the vice president product development job title. But what industry to start with? Most vice presidents product development actually find jobs in the finance and technology industries.

How To Become a Vice President Product Development

If you're interested in becoming a vice president product development, one of the first things to consider is how much education you need. We've determined that 67.0% of vice presidents product development have a bachelor's degree. In terms of higher education levels, we found that 18.8% of vice presidents product development have master's degrees. Even though most vice presidents product development have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a vice president product development. When we researched the most common majors for a vice president product development, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on vice president product development resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become a vice president product development. In fact, many vice president product development jobs require experience in a role such as vice president. Meanwhile, many vice presidents product development also have previous career experience in roles such as director of product development or director.

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Average Salary
$169,593
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
105,025
Job Openings

Vice President Product Development Career Paths

Top Careers Before Vice President Product Development

Top Careers After Vice President Product Development

Vice President Product Development Jobs You Might Like

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Average Salary for a Vice President Product Development

Vice Presidents Product Development in America make an average salary of $169,593 per year or $82 per hour. The top 10 percent makes over $249,000 per year, while the bottom 10 percent under $115,000 per year.
Average Salary
$169,593
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Best Paying Cities

City
ascdesc
Average Salarydesc
San Francisco, CA
Salary Range156k - 268k$205k$204,832
Seattle, WA
Salary Range157k - 253k$200k$199,957
Greenwich, CT
Salary Range143k - 251k$190k$190,196
New York, NY
Salary Range141k - 248k$187k$187,277
Englewood, CO
Salary Range133k - 246k$181k$181,373
Alexandria, VA
Salary Range134k - 240k$180k$179,910
$77k
$268k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Vp-Agile Product Development Lead
Vp-Agile Product Development Lead
Randstad
Randstad
06/17/2021
06/17/2021
$146,09006/17/2021
$146,090
AVP, Director of Product Development
AVP, Director of Product Development
Exlservice.com, LLC
Exlservice.com, LLC
01/14/2021
01/14/2021
$89,23201/14/2021
$89,232
President of Sourcing and Product Development
President of Sourcing and Product Development
Melko Logistic Group Corp
Melko Logistic Group Corp
11/10/2020
11/10/2020
$208,00011/10/2020
$208,000
AVP, HR Product Development Manager
AVP, HR Product Development Manager
The Guardian Life Insurance Company of America
The Guardian Life Insurance Company of America
11/06/2020
11/06/2020
$175,98911/06/2020
$175,989
Vice President Product Development ISI
Vice President Product Development ISI
XXX
XXX
09/28/2020
09/28/2020
$169,49009/28/2020
$169,490
See More Recent Salaries

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Vice President Product Development Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Vice President Product Development. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Vice President Product Development Resume

At Zippia, we went through countless Vice President Product Development resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

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Vice President Product Development Demographics

Gender

male

75.8 %

female

20.9 %

unknown

3.4 %

Ethnicity

White

73.0 %

Hispanic or Latino

10.9 %

Asian

9.1 %

Foreign Languages Spoken

Spanish

28.7 %

French

15.0 %

Mandarin

10.0 %
See More Demographics

Vice President Product Development Education

Majors

Business
24.0 %

Degrees

Bachelors

67.0 %

Masters

18.8 %

Certificate

5.9 %

Top Colleges for Vice President Product Developments

1. University of Georgia

Athens, GA • Private

In-State Tuition
$11,830
Enrollment
29,474

2. University of Wisconsin - Madison

Madison, WI • Private

In-State Tuition
$10,555
Enrollment
30,360

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

4. Purdue University

West Lafayette, IN • Private

In-State Tuition
$9,992
Enrollment
33,495

5. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

6. Ohio State University

Columbus, OH • Private

In-State Tuition
$10,726
Enrollment
45,769

7. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

8. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

9. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

10. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990
See More Education Info

Online Courses For Vice President Product Development That You May Like

New Product Development - develop your own new product
coursera

New product development is essential for the survival of many companies in the Hi-Tec sector, as well as other sectors. The percentage of sales of successful business organizations tied to the successful Introduction of new products and services is high. However, the failure rate of new products development projects is also high and therefore there is a need for a methodology based on a well-designed process as well as tools and techniques to manage New Product Development (NPD) projects. Since...

New Product Development
edX (Global)

An effective process for conceiving, developing and launching new products or services is critical to becoming competitive in most industries. This course includes key concepts like new product development strategy, types of product development strategies and steps. This course involves (a) Organizational integration of the work of functional specialists, industrial designers, and other key participants within the firm. (b) Reducing the time-to-market while meeting cost and quality targets. ...

Mechanical design and Product development process
udemy
4.2
(289)

Learn the basic ideas and concepts behind developing mechanical products related to mechanical engineering...

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Top Skills For a Vice President Product Development

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.7% of vice presidents product development listed product development on their resume, but soft skills such as analytical skills and communication skills are important as well.

Best States For a Vice President Product Development

Some places are better than others when it comes to starting a career as a vice president product development. The best states for people in this position are Washington, Montana, Minnesota, and Connecticut. Vice presidents product development make the most in Washington with an average salary of $184,678. Whereas in Montana and Minnesota, they would average $177,857 and $176,030, respectively. While vice presidents product development would only make an average of $173,568 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Washington

Total Vice President Product Development Jobs:
2,427
Highest 10% Earn:
$260,000
Location Quotient:
1.24
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Montana

Total Vice President Product Development Jobs:
373
Highest 10% Earn:
$258,000
Location Quotient:
1.21
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Minnesota

Total Vice President Product Development Jobs:
1,987
Highest 10% Earn:
$258,000
Location Quotient:
1.12
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Vice President Product Development Employers

1. JPMorgan Chase & Co.
4.9
Avg. Salary: 
$176,346
Vice President Product Developments Hired: 
21+
2. Bank of America
4.8
Avg. Salary: 
$162,123
Vice President Product Developments Hired: 
20+
3. Citigroup
4.8
Avg. Salary: 
$171,333
Vice President Product Developments Hired: 
17+
4. Fiserv
4.6
Avg. Salary: 
$211,517
Vice President Product Developments Hired: 
10+
5. Automatic Data Processing
4.7
Avg. Salary: 
$202,040
Vice President Product Developments Hired: 
9+
6. Mastercard
4.8
Avg. Salary: 
$201,222
Vice President Product Developments Hired: 
9+

Vice President Product Development Videos

Updated October 2, 2020