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Product Development Jobs in Ontario (NOW HIRING)

Oversee the product development pipeline, including mutual funds and ETFs, for the retail market in alignment with the organization's strategy. * Lead the product development process, which includes ...

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Product Development information

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$14

$28

$43

How much do product development jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for product development in Ontario is $28.84, according to ZipRecruiter salary data. Most workers in this role earn between $24.28 and $33.41 per hour, depending on experience, location, and employer.

What skills do you need to be a product development?

Product development professionals need strong skills in project management, market research, and technical knowledge relevant to their industry. They should have excellent communication, problem-solving abilities, and proficiency with tools like CAD software or data analysis programs. Understanding customer needs and working collaboratively across teams are also essential for success in this role.

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 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 Ontario?

The most popular types of Product Development jobs in Ontario are:

What are popular job titles related to Product Development jobs in Ontario?

For Product Development jobs in Ontario, the most frequently searched job titles are:

What cities in Ontario are hiring for Product Development jobs?

Cities in Ontario with the most Product Development job openings:

Infographic showing various Product Development job openings in Ontario as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 22% Part Time, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $59,990 per year, or $28.8 per hour.

Senior Specialist, Product Development

MasterCard

Toronto, ON โ€ข On-site

Full-time

Re-posted 20 days ago


Job description

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build asustainableeconomy where everyone can prosper. We support a wide range of digital payments choices, making transactionssecure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

Senior Specialist, Product DevelopmentOur Purpose
We work to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. We cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences enable us to be a better team - one that makes better decisions, drives innovation and delivers better business results.
OVERVIEW
Do you have a passion for startups and emerging technology, and possess an entrepreneurial spirit?
Are you motivated by a fast-paced environment where you would be a subject matter expert, a connector, and a leader with a reputation for impact?
Do you thrive leading highly visible, high impact initiatives with innovative partners?
Start Path is Mastercard's award-winning fintech engagement team, working with elite fintechs across the world to drive business with Mastercard and with our customers. The Start Path team is agile, well-connected and has a big vision: to partner with the best fintechs across the payments ecosystem to build the future of commerce.
THE ROLE
This Emerging FinTech Senior Specialist, Product Development role will be supporting the Emerging Fintech team within Start Path in thesis-building for fast emerging categories, working directly with Mastercard product teams to understand their product roadmap and partnership needs, startup sourcing and selection efforts, managing the relationships with existing portfolio of Start Path companies, supporting partnership strategy across multiple fintech areas, and helping to build a powerful brand halo for Mastercard in the vibrant startup community.
KEY RESPONSIBILITIES
RRole:
Deliver the vision, mission, and execution of Start Path Emerging Fintech, including:
Sourcing high-potential and strategic startups,
Driving partnerships and engagements with selected startups for commercial and strategic outcomes
Collaborating closely with product teams on developing partnership strategy.
Track and analyze fast-emerging market trends in the start-up space, doing market landscaping, startup due diligence and bringing back key strategic insights in order to support the team in building investment hypotheses.
Drive innovative commercial engagements with startups across a diverse set of areas including payments, banking, financial inclusion, sustainability, data analytics, and more.
Advocate and evangelize the fintech strategy with internal and external stakeholders, including senior leadership at Mastercard, startups, venture capital firms, industry organizations, governments, and more.
Liaise with Product teams across Mastercard on their product roadmaps and strategies to find opportunity for startup partnership
Anticipate significant domestic and regional fintech trends while developing and modifying strategies to manage these trends.
Qualifications:
Proven track-record working with startups - well-versed in the fintech, startup engagement and venture capital domains
Strong experience in cross-functional collaboration - driving alignment across product and commercial teams to drive commercial outcomes
Strategic understanding of and interest in payment industry evaluating trends & competitive landscape
Strong project management experience - highly organized, meticulous attention to detail & experience executing multiple projects concurrently
Comfortable in a fast-paced team environmentMastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact reasonable_accommodation@mastercard.com and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

Corporate Security Responsibility


All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

  • Abide by Mastercard's security policies and practices;

  • Ensure the confidentiality and integrity of the information being accessed;

  • Report any suspected information security violation or breach, and

  • Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines.

In line with Mastercard's total compensation philosophy and assuming that the job will be performed in Canada, the successful candidate will be offered a competitive pay based on location, experience and other qualifications for the role and may be eligible to participate in a discretionary annual incentive program. This posting reflects one or more current openings on our team.

Pay Ranges

Toronto, Canada: $94,000 - $138,000 CAD