Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between vice presidents product development and vice presidents, product management 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 vice president, product management. Additionally, a vice president, product management has an average salary of $183,231, which is higher than the $168,835 average annual salary of a vice president product development.
The top three skills for a vice president product development include product development, R and analytics. The most important skills for a vice president, product management are product management, analytics, and product strategy.
| Vice President Product Development | Vice President, Product Management | |
| Yearly salary | $168,835 | $183,231 |
| Hourly rate | $81.17 | $88.09 |
| Growth rate | 10% | 10% |
| Number of jobs | 180,783 | 185,361 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| 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 vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends. They also adjust product management approaches to meet the company's goals and objectives and identify opportunities to increase revenues and profitability.
Vice presidents product development and vice presidents, product management have different pay scales, as shown below.
| Vice President Product Development | Vice President, Product Management | |
| Average salary | $168,835 | $183,231 |
| Salary range | Between $109,000 And $259,000 | Between $127,000 And $262,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Alaska |
| Best paying company | Okta | |
| Best paying industry | Technology | Start-up |
There are a few differences between a vice president product development and a vice president, product management in terms of educational background:
| Vice President Product Development | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between vice presidents product development' and vice presidents, product management' demographics:
| Vice President Product Development | Vice President, Product Management | |
| Average age | 39 | 39 |
| Gender ratio | Male, 78.1% Female, 21.9% | Male, 80.9% Female, 19.1% |
| 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% |