Growth Trends for Related Jobs
Product specialist jobs combine product development, pricing and marketing. These specialists need business savvy along with education and experience. Product specialists work in a wide variety of industries, such as financial firms, insurance companies and computer and software manufacturers. Product specialist salaries have a very wide range.
Product specialists earn a median annual salary of $81,250 as of March 2011, as found by Salary.com. The middle 50 percent on the earnings range have annual salaries of $68,686 to $98,824. The top 10 percent earn at least $114,824 per year, and only the bottom 10 percent have salaries of $57,247 and below.
Salaries for product specialists vary a great deal with geography. Product specialists in Flagstaff, Ariz., ona, earn a median salary of $72,397, while those in Los Angeles have a median salary of $90,480 per year. Product specialists in Moorhead, Minn., have annual median pay of $76,334; in Omaha, Neb.,$76,486; in Boise, Idaho, $77,390; in Albany, N.Y., $83,086; in Detroit, $85,661; and in Worcester, Mass., $87,059.
The job search website Indeed.com lists hundreds of available positions for product specialists throughout the country in 2011. Jobs are available with well-known companies such as Apache Design Solutions, Dell Inc., Google, Hewlett-Packard, Integra LifeSciences, the Nielsen Company, Moody's, New York Life, Symantec, Tyco Electronics and UnitedHealth Group. Posted salaries have a very wide range, from $35,000 to $100,000 per year. One organization offers a base salary of $90,000 to $100,000, with an expected commission of $60,000 per year. Examples of benefits for product specialists include a company-matched 401(k) savings plan, an employee stock purchase plan, paid time off, tuition reimbursement, and medical, vision, dental and life insurance.
The Indeed.com job listings illustrate typical requirements employers have for product specialist candidates. Organizations generally require a bachelor's degree in business or in a field relevant to the industry along with a minor in business. Some prefer a master's degree, often a master's of business administration. Three to five years of experience in marketing, business or product development also is a common requirement.