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Product Development Jobs in Indiana (NOW HIRING)

About this role The New Product Development Engineer (Systems Engineer) will support the design, development, and validation of residential HVAC systems. This role is responsible for applying ...

About this role The New Product Development Engineer (Systems Engineer) will support the design, development, and validation of residential HVAC systems. This roleis responsible forapplying ...

The company is currently seeking an experienced Product Development Engineer . We are currently seeking an innovative Product Development Engineer to work with our talented team of engineers and ...

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Product Development information

See Indiana salary details

$40.4K

$120.8K

$137.5K

How much do product development jobs pay per year?

As of Jun 10, 2026, the average yearly pay for product development in Indiana is $120,837.00, according to ZipRecruiter salary data. Most workers in this role earn between $109,000.00 and $136,100.00 per year, depending on experience, location, and employer.

What is the job of product development?

Product development involves designing, creating, and improving products to meet market needs. It typically includes tasks such as research, prototyping, testing, and collaborating with cross-functional teams using tools like CAD software. The role requires strong problem-solving skills and knowledge of industry standards to bring new products from concept to launch.

What Is Product Development?

Product development is the process of creating new products or enhancing existing products to improve market value. It includes all aspects of research, design, testing, and marketing. Product development takes months or years to implement properly because marketers and analysts watch market trends over time to determine whether a product is satisfying a consumer need or want.

What is the difference between Product Development vs Product Management?

AspectProduct DevelopmentProduct Management
Primary FocusDesigning, creating, and building productsStrategizing, planning, and overseeing product lifecycle
Required SkillsTechnical skills, engineering, designMarket research, communication, leadership
Work EnvironmentEngineering teams, R&D, technical departmentsCross-functional teams, executive meetings
Common CertificationsEngineering degrees, technical certificationsProduct management certifications (e.g., PMP, Scrum)

Product Development focuses on creating and building products, involving technical and engineering tasks. Product Management involves strategizing, planning, and guiding the product's lifecycle, requiring strong market and leadership skills. While they collaborate closely, their core responsibilities differ: one builds, the other manages the product's success.

What are some common challenges faced by professionals in Product Development, and how can they be addressed?

Product Development professionals often encounter challenges such as balancing customer needs with technical feasibility, managing cross-functional team communication, and meeting tight deadlines. Navigating these issues typically involves clear prioritization, regular stakeholder check-ins, and fostering a collaborative environment with engineering, design, and marketing teams. Utilizing agile methodologies and maintaining open feedback channels can also help streamline processes and ensure alignment on project goals.

What are the key skills and qualifications needed to thrive in Product Development, and why are they important?

To thrive in Product Development, you need expertise in market research, project management, and product lifecycle understanding, often supported by a degree in engineering, business, or a related field. Familiarity with tools like Agile software, prototyping platforms, and product management systems (e.g., Jira, Trello) is typically required. Creativity, strong communication, and cross-functional collaboration are crucial soft skills for success in this role. These competencies ensure the creation of innovative, user-centric products that successfully reach the market and meet business goals.

Is product development a good career?

Product development is a viable career that involves designing, creating, and improving products, often requiring skills in project management, design, and technical tools. It offers opportunities across various industries and can lead to roles in management or specialized technical fields, with a focus on innovation and problem-solving.

How much do product developers get paid?

Product developers typically earn a median annual salary of around $85,000, with salaries ranging from approximately $60,000 to over $120,000 depending on experience, location, and industry. Entry-level positions generally start lower, while experienced developers or those in senior roles can earn significantly more, especially with specialized skills or certifications.

What jobs pay $10,000 a month without a degree?

In product development, high-paying roles such as freelance product managers, consultants, or entrepreneurs can earn $10,000 or more monthly without a formal degree, often relying on experience, skills, and industry knowledge. Success in these roles typically requires strong project management, technical expertise, and a robust professional network.

What is product development?

Product development is the process of creating new products or improving existing ones to meet customer needs and business goals. It involves several stages, including idea generation, market research, design, prototyping, testing, and launching the product to the market. Product development often requires cross-functional collaboration between teams like marketing, engineering, design, and manufacturing. The goal is to deliver a product that provides value to customers and stands out in the marketplace.
What are the most commonly searched types of Product Development jobs in Indiana? The most popular types of Product Development jobs in Indiana are:
What are popular job titles related to Product Development jobs in Indiana? For Product Development jobs in Indiana, the most frequently searched job titles are:
What cities in Indiana are hiring for Product Development jobs? Cities in Indiana with the most Product Development job openings:
Infographic showing various Product Development job openings in Indiana as of June 2026, with employment types broken down into 86% Full Time, 7% Part Time, and 7% Contract. Highlights an 100% In-person job distribution, with an average salary of $120,837 per year, or $58.1 per hour.

Engineer, New Product Development

Midwest Aerospace Casting, LLC

Crown Point, IN • On-site

$75K - $90K/yr

Full-time

Posted 22 days ago


Job description

Description:

We are seeking a motivated and innovative New Product Development Engineer to join our dynamic team. The ideal candidate will be focused on the overall success of new product development and product design, strategy and forward-planning. This role requires a strong technical background, creativity, and the ability to collaborate effectively with cross-functional teams. Will collaborate with manufacturing to manage design specifications and process changes.


Key Responsibilities:

  • Manage products through all phases of New Product Development process including establishing critical paths, collaborating with departments and suppliers and meeting quality guidelines and customer requirements
  • Collaborate with customers and suppliers to continuously improve speed and effectiveness in delivering profitable new product and manufacturing solutions
  • Accountable to ensure new product meet cost and manufacturing requirements as well as supports the company commitment to producing top quality products
  • New equipment evaluation/implementation to support new product development and manufacturing process improvement
  • Work with multiple groups, including quality engineers, quality systems, leadership team, planners to assure quality and on-time delivery to our customers
  • Integration of Lean techniques into the engineering and operations area
  • Maintain and organize detailed records of development activities including prototypes, data, reports and changes to design requirements
  • Prepare and implement written procedures and specifications related to new products or new processes
  • Evaluate, analyze, and make recommendations on products, designs, and cost improvements to improve the competitive position of the company
  • Evaluate robustness of new designs to variations in the manufacturing process; maximize yield by reducing product’s sensitivity to process variation
  • Utilize Magma software to create computer-aided design; experiment with and analyze different materials, manufacturing processes, design tolerances and factors in the manufacture process



We offer a collaborative work environment and opportunities for professional growth. If you are passionate about product development and eager to make an impact, we encourage you to apply.



Benefit information available on company website.

Chicago Magnesium Casting and Midwest Aerospace Casting, LLC. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.


Requirements:

Education and Work Experience:

  • Bachelor’s degree in engineering, strongly preferred
  • 3+ years’ experience in product engineering or engineering intern role, preferred
  • Multi-disciplinary engineering and operations skill set, preferred
  • New product development experience, preferred
  • Project Management skills preferred
  • Strong technical knowledge of manufacturing processes, BOM structure and change control processes
  • Knowledge of PPAP, Process FMEA’s, product and process validation for manufacturing and implementation of execution plans
  • Effective communicator with the ability to interface at all levels within the organization
  • Self-motivated drive to help the team improve through people, process and technology
  • Capability to accurately and efficiently work on multiple projects within strict deadlines
  • Strong problem-solving skills, identify errors and deficiencies; able to think critically
  • Proficient computer skills