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The differences between vice presidents product development and vice presidents, strategy 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, strategy. Additionally, a vice president product development has an average salary of $168,835, which is higher than the $164,392 average annual salary of a vice president, strategy.
The top three skills for a vice president product development include product development, R and analytics. The most important skills for a vice president, strategy are analytics, project management, and healthcare.
| Vice President Product Development | Vice President, Strategy | |
| Yearly salary | $168,835 | $164,392 |
| Hourly rate | $81.17 | $79.03 |
| Growth rate | 10% | 10% |
| Number of jobs | 180,783 | 60,332 |
| 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 strategy is responsible for delegating and reviewing market target research and assessing the areas that a company should focus on for further development. The position requires strong management and leadership skills to supervise a team of customer research specialists. Other essential skills that a vice president of strategy should possess to accomplish his/her or her responsibilities include knowledge of computer analytic software and data visualization and excellent communication skills. A four-year college degree is the minimum education requirement for the position.
Vice presidents product development and vice presidents, strategy have different pay scales, as shown below.
| Vice President Product Development | Vice President, Strategy | |
| Average salary | $168,835 | $164,392 |
| Salary range | Between $109,000 And $259,000 | Between $114,000 And $236,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Alaska |
| Best paying company | Brandywine Realty Trust | |
| Best paying industry | Technology | Insurance |
There are a few differences between a vice president product development and a vice president, strategy in terms of educational background:
| Vice President Product Development | Vice President, Strategy | |
| 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, strategy' demographics:
| Vice President Product Development | Vice President, Strategy | |
| Average age | 39 | 39 |
| Gender ratio | Male, 78.1% Female, 21.9% | Male, 73.6% Female, 26.4% |
| 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% |