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The differences between vice president, product managers and product development managers 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 manager and a product development manager. Additionally, a vice president, product manager has an average salary of $144,547, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a vice president, product manager include product management, project management and portfolio. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Vice President, Product Manager | Product Development Manager | |
| Yearly salary | $144,547 | $113,437 |
| Hourly rate | $69.49 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 134,144 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A vice president, product manager is an executive professional who is responsible for managing a team of product managers that guide the success of a product and improving it. This vice president must develop marketing initiatives that could drive customer growth, product development, and improving cross-sell campaigns. The vice president should collaborate with multiple teams to provide various product ideas and business cases. This vice president must also interact with clients so that they can identify their needs and address issues related to the product.
A product development manager spearheads the development of new products within a company. Most of the time, their responsibilities revolve around conducting marketing research and analysis to determine consumers' needs, coordinating with the product development team to come up with new ideas, proposing business plans to the executives, and creating prototypes. A product development manager must also present a cost analysis, produce progress reports, and address inquiries and concerns. Furthermore, as a manager, it is essential to lead and encourage the staff, all while adhering to the company's policies and regulations.
Vice president, product managers and product development managers have different pay scales, as shown below.
| Vice President, Product Manager | Product Development Manager | |
| Average salary | $144,547 | $113,437 |
| Salary range | Between $102,000 And $204,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | Nevada |
| Best paying company | Pacific Investment Management Company LLC | Meta |
| Best paying industry | Finance | Retail |
There are a few differences between a vice president, product manager and a product development manager in terms of educational background:
| Vice President, Product Manager | Product Development Manager | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between vice president, product managers' and product development managers' demographics:
| Vice President, Product Manager | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 62.2% Female, 37.8% |
| 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% |