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The differences between vice president, product managers and vice presidents product development 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 vice president product development. Additionally, a vice president product development has an average salary of $168,835, which is higher than the $144,547 average annual salary of a vice president, product manager.
The top three skills for a vice president, product manager include product management, project management and portfolio. The most important skills for a vice president product development are product development, R, and analytics.
| Vice President, Product Manager | Vice President Product Development | |
| Yearly salary | $144,547 | $168,835 |
| Hourly rate | $69.49 | $81.17 |
| Growth rate | 10% | 10% |
| Number of jobs | 134,144 | 180,783 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 71% |
| 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 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.
Vice president, product managers and vice presidents product development have different pay scales, as shown below.
| Vice President, Product Manager | Vice President Product Development | |
| Average salary | $144,547 | $168,835 |
| Salary range | Between $102,000 And $204,000 | Between $109,000 And $259,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | Washington |
| Best paying company | Pacific Investment Management Company LLC | |
| Best paying industry | Finance | Technology |
There are a few differences between a vice president, product manager and a vice president product development in terms of educational background:
| Vice President, Product Manager | Vice President Product Development | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between vice president, product managers' and vice presidents product development' demographics:
| Vice President, Product Manager | Vice President Product Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 78.1% Female, 21.9% |
| 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% |