Average Vice President Product Development Salary
$169,000 yearly
$60.36 hourly
Updated July 28, 2021
$115,000
10 %
$169,000
Median
$249,000
90 %
The average vice president product development makes about $169,593 per year. That's $81.54 per hour! Those in the lower 10%, such as entry-level positions, only make about $115,000 a year. Meanwhile, the top 10% are sitting pretty with an average salary of $249,000. Many of vice presidents product development seem to be drawn to finance and technology companies. Unless they care more about money, in which case vice presidents product development tend to work at hospitality, retail, and technology companies. Even the employees who work in these industries can confirm that's where the money is. Although money is important, a lot of people base their career decisions solely on location. That's why we found that Washington, Montana and Minnesota pay vice presidents product development the highest salaries.

Average Vice President Product Development Salary By State

The darker areas on the map show where vice presidents product development earn the highest salaries across all 50 states.

Average Salary

Vice President Product Development average salary by State

StateascdescAvg. salaryascdescHourly rateascdesc
Alabama
Alabama
$133,196
$133,196
$64.04
$64.04
Alaska
Alaska
$137,783
$137,783
$66.24
$66.24
Arizona
Arizona
$126,033
$126,033
$60.59
$60.59
Arkansas
Arkansas
$157,127
$157,127
$75.54
$75.54
California
California
$172,418
$172,418
$82.89
$82.89
Colorado
Colorado
$163,888
$163,888
$78.79
$78.79
Connecticut
Connecticut
$173,568
$173,568
$83.45
$83.45
Delaware
Delaware
$159,750
$159,750
$76.80
$76.80
District of Columbia
District of Columbia
$173,140
$173,140
$83.24
$83.24
Florida
Florida
$108,562
$108,562
$52.19
$52.19
Georgia
Georgia
$152,536
$152,536
$73.33
$73.33
Hawaii
Hawaii
$146,167
$146,167
$70.27
$70.27
Idaho
Idaho
$144,992
$144,992
$69.71
$69.71
Illinois
Illinois
$133,519
$133,519
$64.19
$64.19
Indiana
Indiana
$123,318
$123,318
$59.29
$59.29
Iowa
Iowa
$124,461
$124,461
$59.84
$59.84
Kansas
Kansas
$144,502
$144,502
$69.47
$69.47
Kentucky
Kentucky
$123,104
$123,104
$59.18
$59.18
Louisiana
Louisiana
$122,101
$122,101
$58.70
$58.70
Maine
Maine
$141,032
$141,032
$67.80
$67.80
Maryland
Maryland
$136,760
$136,760
$65.75
$65.75
Massachusetts
Massachusetts
$141,113
$141,113
$67.84
$67.84
Michigan
Michigan
$155,095
$155,095
$74.56
$74.56
Minnesota
Minnesota
$176,030
$176,030
$84.63
$84.63
Mississippi
Mississippi
$88,214
$88,214
$42.41
$42.41
Missouri
Missouri
$137,084
$137,084
$65.91
$65.91
Montana
Montana
$177,857
$177,857
$85.51
$85.51
Nebraska
Nebraska
$124,564
$124,564
$59.89
$59.89
Nevada
Nevada
$145,988
$145,988
$70.19
$70.19
New Hampshire
New Hampshire
$144,372
$144,372
$69.41
$69.41
New Jersey
New Jersey
$163,719
$163,719
$78.71
$78.71
New Mexico
New Mexico
$129,175
$129,175
$62.10
$62.10
New York
New York
$170,860
$170,860
$82.14
$82.14
North Carolina
North Carolina
$150,089
$150,089
$72.16
$72.16
North Dakota
North Dakota
$130,044
$130,044
$62.52
$62.52
Ohio
Ohio
$156,405
$156,405
$75.19
$75.19
Oklahoma
Oklahoma
$112,756
$112,756
$54.21
$54.21
Oregon
Oregon
$154,928
$154,928
$74.48
$74.48
Pennsylvania
Pennsylvania
$141,938
$141,938
$68.24
$68.24
Rhode Island
Rhode Island
$151,745
$151,745
$72.95
$72.95
South Carolina
South Carolina
$144,958
$144,958
$69.69
$69.69
South Dakota
South Dakota
$168,250
$168,250
$80.89
$80.89
Tennessee
Tennessee
$140,704
$140,704
$67.65
$67.65
Texas
Texas
$147,252
$147,252
$70.79
$70.79
Utah
Utah
$139,370
$139,370
$67.00
$67.00
Vermont
Vermont
$131,314
$131,314
$63.13
$63.13
Virginia
Virginia
$162,890
$162,890
$78.31
$78.31
Washington
Washington
$184,678
$184,678
$88.79
$88.79
West Virginia
West Virginia
$158,210
$158,210
$76.06
$76.06
Wisconsin
Wisconsin
$143,945
$143,945
$69.20
$69.20
Wyoming
Wyoming
$103,353
$103,353
$49.69
$49.69

Highest Paying Cities For Vice President Product Development

0 selections
CityascdescAvg. salaryascdescHourly rateascdesc
San Francisco, CA
San Francisco, CA
$204,832
$204,832
$98.48
$98.48
Seattle, WA
Seattle, WA
$199,957
$199,957
$96.13
$96.13
Greenwich, CT
Greenwich, CT
$190,196
$190,196
$91.44
$91.44
New York, NY
New York, NY
$187,277
$187,277
$90.04
$90.04
Englewood, CO
Englewood, CO
$181,373
$181,373
$87.20
$87.20
Alexandria, VA
Alexandria, VA
$179,910
$179,910
$86.50
$86.50

The largest raises come from changing jobs.

See what's out there.

Average Vice President Product Development Salary Over Time

Compare salaries for individual cities or states with the national average.

Location

    How Much Do Vice Presidents Product Development Make In Different Industries?

    As we previously stated, vice president product development salaries can vary depending on the industry. In fact, our data shows that hospitality, retail, and technology companies tend to offer much higher salaries for vice presidents product development. For example, vice presidents product development make a whopping average salary of $215,729 while working for hospitality companies. Meanwhile, other people in this field are making $212,739 at retail companies and $187,118 at technology companies. But vice presidents product development may want to avoid working in the finance industry as it offers the lowest average salary at $155,792.
    IndustryAvg. SalaryRange
    1. Hospitality
    $215,729
    $133k
    $237k
    2. Retail
    $212,739
    $133k
    $237k
    3. Technology
    $187,118
    $133k
    $237k
    4. Manufacturing
    $181,880
    $133k
    $237k
    5. Finance
    $155,792
    $133k
    $237k

    High Paying Vice President Product Development Jobs

    Average JOB Salary by Field

    Product Manager

    Avg. salary: $118,440

    A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
    79,190 Product Manager Jobs
    Product Owner

    Avg. salary: $101,698

    Product owners are at the forefront of an organization's development cycle. They have various duties and responsibilities, which include ensuring that the value of products created by the development team is maximized, creating a vision and defining the goals for development projects, and working closely with all stakeholders. As the product owner, you are responsible for ensuring that the development team maintains a consistent vision and overseeing the product backlog. You are also expected to supervise the actual product development stages and anticipate the needs of clients.
    71,025 Product Owner Jobs
    Product Lead

    Avg. salary: $110,145

    A product lead is responsible for monitoring the development of new products and services of an organization, starting from brand conceptualization to official market release and distribution. Product leads identify effective product management by conducting data analysis and evaluating market statistics of customer demands. They coordinate with the clients on their specifications and requirements, including the budget limit and timely deliverables. A product lead manages the brand promotion on media platforms, creating content that adheres to the target audience.
    60,081 Product Lead Jobs
    Development Manager

    Avg. salary: $118,814

    A development manager is responsible for assisting existing clients or potential clients of the services they need. A development manager serves as the initial point of contact for the clients to answer their inquiries and concerns before proceeding with a contract. Development managers usually arrange meetings with clients, analyze business opportunities, improve marketing initiatives to attract clients, research the industry's latest trends, create proposals, and assist in training new staff members. A development manager must have excellent communication and leadership skills to handle staff performance and build professional relationships with clients.
    70,120 Development Manager Jobs
    Product Management Director

    Avg. salary: $162,755

    A Product Management Director is responsible for a business product planning as well as execution throughout the life cycle of the business. They create the product strategy and requirements, develop and execute tactical plans, and maintain product and market knowledge.
    97,731 Product Management Director Jobs
    Product Director

    Avg. salary: $148,042

    The duties of a product director depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the product development operations to ensure smooth flow and efficiency, devise strategies to improve processes, gather relevant data such as sales and customer feedback, and coordinate with different departments in developing new products and services. Furthermore, as a director, it is essential to lead and encourage departments to meet goals, all while implementing the company's policies and regulations, including its mission and vision.
    70,792 Product Director Jobs

    Which Companies Pay Vice Presidents Product Development The Most?

    If you want to get paid the most as a vice president product development, being employed by a company such as RH or Starbucks would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Readerlink Distribution Services and OtterBox also report highly competitive salaries for vice presidents product development.
    Company

    Recently Added Vice President Product Development Salaries

    Location
    CompanyascdescJobascdescLocationascdescDate AddedascdescSalaryascdesc
    Vp-Agile Product Development Lead
    Vp-Agile Product Development Lead
    New York, NY
    New York, NY
    06/17/2021
    06/17/2021
    $146,090
    $146,090
    06/17/2021
    AVP, Director of Product Development
    AVP, Director of Product Development
    West Hartford, CT
    West Hartford, CT
    01/14/2021
    01/14/2021
    $89,232
    $89,232
    01/14/2021
    Melko Logistic Group Corp
    Melko Logistic Group Corp
    President of Sourcing and Product Development
    President of Sourcing and Product Development
    President of Sourcing and Product Development
    Industry, CA
    Industry, CA
    11/10/2020
    11/10/2020
    $208,000
    $208,000
    11/10/2020
    AVP, HR Product Development Manager
    AVP, HR Product Development Manager
    Holmdel, NJ
    Holmdel, NJ
    11/06/2020
    11/06/2020
    $175,989
    $175,989
    11/06/2020
    XXX
    XXX
    Vice President Product Development ISI
    Vice President Product Development ISI
    Vice President Product Development ISI
    Atlanta, GA
    Atlanta, GA
    09/28/2020
    09/28/2020
    $169,490
    $169,490
    09/28/2020
    Ours Technology, Inc.
    Ours Technology, Inc.
    Product Development Vice President
    Product Development Vice President
    Product Development Vice President
    Santa Clara, CA
    Santa Clara, CA
    09/15/2020
    09/15/2020
    $163,322
    $163,322
    09/15/2020
    Vice President, Product Development
    Vice President, Product Development
    Jacksonville, FL
    Jacksonville, FL
    08/31/2020
    08/31/2020
    $186,300
    $186,300
    08/31/2020
    Vice President, Product Development
    Vice President, Product Development
    Jacksonville, FL
    Jacksonville, FL
    08/27/2020
    08/27/2020
    $186,300
    $186,300
    08/27/2020
    XXX
    XXX
    Vice President of Quality and Product Development
    Vice President of Quality and Product Development
    Vice President of Quality and Product Development
    North Brunswick, NJ
    North Brunswick, NJ
    07/20/2020
    07/20/2020
    $100,000
    $100,000
    07/20/2020
    Vice President, Product Development
    Vice President, Product Development
    Charlotte, NC
    Charlotte, NC
    07/15/2020
    07/15/2020
    $128,200
    $128,200
    07/15/2020

    Average Vice President Product Development Salary by Demographic

    Vice President Product Development Gender Pay Gap

    male-income
    Male Income
    $168,608
    female-income
    Female Income
    $157,689
    Median Vice President Product Development Income by Race
    Asian vice presidents product development have the highest average salary compared to other ethnicities. Black or african american vice presidents product development have the lowest average salary at $151,211.
    $177,000
    $172,000
    $167,000
    $162,000
    $157,000
    $152,000
    $147,000
    White
    Black or African American
    Asian
    Unknown
    Hispanic or Latino
    Ethnicityascdesc
    Salaryascdesc
    White$162,071
    Black or African American$151,211
    Asian$175,021
    Unknown$166,294
    Hispanic or Latino$161,146
    Average Vice President Product Development Salary by Education Level
    $183,000
    $178,000
    $173,000
    $168,000
    $163,000
    $158,000
    $153,000
    Bachelor's Degree
    Master's Degree
    Educationascdesc
    Salaryascdesc
    Bachelor's Degree$157,689
    Master's Degree$180,500