Plans and directs all aspects of an organization's product development policies, objectives, and initiatives. Oversees research for new products, product enhancements, and product redesign. Ensures that product development activities align with the goals of the organization. Makes recommendations on the potential and practicality of products in development. Requires a bachelor's degree. Demonstrates expertise in a variety of the field's concepts, practices, and procedures. Typically reports to top management. Manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head.
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Top Product Development Executive in the United States. The base salary for Top Product Development Executive ranges from $209,300 to $286,874 with the average base salary of $238,797. The total compensation, which includes bonus, health and retirement, can vary anywhere from $247,386 to $382,086 with the average total compensation of $302,987.