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The differences between vice presidents product development and product directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a vice president product development and a product director. Additionally, a vice president product development has an average salary of $168,835, which is higher than the $148,910 average annual salary of a product director.
The top three skills for a vice president product development include product development, R and analytics. The most important skills for a product director are product management, product strategy, and project management.
| Vice President Product Development | Product Director | |
| Yearly salary | $168,835 | $148,910 |
| Hourly rate | $81.17 | $71.59 |
| Growth rate | 10% | 10% |
| Number of jobs | 180,783 | 125,200 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
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.
Vice presidents product development and product directors have different pay scales, as shown below.
| Vice President Product Development | Product Director | |
| Average salary | $168,835 | $148,910 |
| Salary range | Between $109,000 And $259,000 | Between $104,000 And $212,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Meta | |
| Best paying industry | Technology | Internet |
There are a few differences between a vice president product development and a product director in terms of educational background:
| Vice President Product Development | Product Director | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between vice presidents product development' and product directors' demographics:
| Vice President Product Development | Product Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 78.1% Female, 21.9% | Male, 72.4% Female, 27.6% |
| 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% |