Product Development Director salary in Colombia

Average Yearly Salary of Product Development Director in Colombia is approximately 70,267,784 COP (15,520 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Product Development Director do?

A Product Development Director is responsible for overseeing the entire lifecycle of a product, from its conceptualization to its launch. They lead a team of professionals in developing and implementing strategies to bring innovative products to market, ensuring they meet customer needs and align with company goals. This role involves conducting market research, identifying trends, and analyzing consumer insights to drive product development decisions. The Product Development Director collaborates with cross-functional teams, including design, engineering, marketing, and sales, to ensure the successful execution of product plans. They also manage budgets, timelines, and resources, while monitoring project progress and making necessary adjustments. A strong focus on product quality, competitive analysis, and staying up-to-date with industry advancements is crucial. The ultimate goal is to deliver high-quality products that generate revenue and maintain a competitive edge in the market.

Skills: Product Development, Innovation, Market Research, Project Management, Cross-functional Collaboration, Competitive Analysis
Job industry: Manufacturing

How much does Product Development Director make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Product Development Director a well paid job?

Yes, our data show that Product Development Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Product Development Director?

High salary for Product Development Director would be somewhere between 77,294,562 COP and 101,888,287 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Product Development Director in Colombia?

Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 70,267,784 COP
Estimated Monthly Salary: 5,855,649 COP
Estimated Weekly Salary: 1,351,304 COP per week
Estimated Hourly Salary: 33,783 COP per hour
By working as Product Development Director a person can save up to 1,033 USD per month or 12,395 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Colombia, see costs of living in Colombia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Product Development Director

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Colombia

Data as of 2025

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