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The differences between vice presidents product development and product leads 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 lead. Additionally, a vice president product development has an average salary of $168,835, which is higher than the $118,828 average annual salary of a product lead.
The top three skills for a vice president product development include product development, R and analytics. The most important skills for a product lead are product management, project management, and architecture.
| Vice President Product Development | Product Lead | |
| Yearly salary | $168,835 | $118,828 |
| Hourly rate | $81.17 | $57.13 |
| Growth rate | 10% | 10% |
| Number of jobs | 180,783 | 95,557 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| 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.
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.
Vice presidents product development and product leads have different pay scales, as shown below.
| Vice President Product Development | Product Lead | |
| Average salary | $168,835 | $118,828 |
| Salary range | Between $109,000 And $259,000 | Between $86,000 And $163,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Airbnb | |
| Best paying industry | Technology | Hospitality |
There are a few differences between a vice president product development and a product lead in terms of educational background:
| Vice President Product Development | Product Lead | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| 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 leads' demographics:
| Vice President Product Development | Product Lead | |
| Average age | 39 | 39 |
| Gender ratio | Male, 78.1% Female, 21.9% | Male, 71.1% Female, 28.9% |
| 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% |