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Product Development Jobs in Minooka, IL (NOW HIRING)

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Product Development information

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$41.5K

$124K

$141.1K

How much do product development jobs pay per year?

As of Aug 17, 2026, the average yearly pay for product development in Minooka, IL is $124,000.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,800.00 and $139,600.00 per year, 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.
More about Product Development jobs

What cities near Minooka, IL are hiring for Product Development jobs?

Cities near Minooka, IL with the most Product Development job openings:

Product Development jobs near you
Infographic showing various Product Development job openings in Minooka, IL as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 16% Part Time, 1% Temporary, and 3% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $124,000 per year, or $59.6 per hour.

Sr. Director, ETF Product Development, Americas

Invesco

Downers Grove, IL • On-site

Full-time

Medical, Retirement, PTO

Posted 17 days ago

Invesco rating

9.7

Company rating: 9.7 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

About Invesco
As one of the world's leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.
What's in it for you?
Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
  • Flexible paid time off
  • Hybrid work schedule
  • 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
  • Health & wellbeing benefits
  • Parental Leave benefits
  • Employee stock purchase plan

Job Description
About the Team:
The Americas Product Development team is responsible for shaping the future of Invesco's investment platform by developing innovative products and managing the firm's product lineup across asset classes and investment vehicles. Working closely with investment teams, distribution partners, and key business stakeholders, the team identifies market opportunities, drives product innovation, and ensures Invesco continues to deliver client-centric solutions that meet evolving investor needs.
As part of a global asset manager with over $2.4 trillion in assets under management, the team plays a critical role in bringing new ETF strategies to market, managing the existing product range, and helping position Invesco as a leader in investment innovation across active, passive, alternatives, and private market solutions.
About the Role:
The Senior Director, Americas ETF Product Development will play a key leadership role in executing Invesco's ETF product strategy and advancing the firm's innovation agenda. This individual will partner with investment teams, distribution leaders, index providers, and cross-functional stakeholders to evaluate, develop, launch, and manage ETF products that address client needs and support business growth.
This role combines product innovation, strategic planning, market research, governance, and stakeholder management. The successful candidate will help drive the ETF product roadmap, evaluate new opportunities, oversee product development initiatives from concept through launch, and ensure alignment with Invesco's strategic objectives and regulatory requirements.
Responsibilities of the Role:
  • Partner with Investment and Distribution teams to develop business cases for new ETF products and range management initiatives.
  • Collaborate with index providers and internal stakeholders to build a robust pipeline of ETF product ideas and innovation opportunities.
  • Help manage the Americas ETF product roadmap and provide transparency on key initiatives to stakeholders.
  • Conduct market research, competitive analysis, and product evaluations to identify growth opportunities.
  • Lead the prioritization and development of new ETF concepts through Invesco's product governance framework.
  • Drive ETF product launches and range management initiatives from concept through implementation and regulatory approval.
  • Partner with Legal, Compliance, Risk, Operations, Platform Management, and Product Governance teams to ensure successful execution of product initiatives.
  • Monitor industry trends, competitor product activity, regulatory developments, and market innovation across the ETF landscape.
  • Develop and maintain subject matter expertise in exchange-traded products, indexing, investment strategies, and market developments.
  • Represent ETF Product Development during client, consultant, and due diligence meetings.
  • Support adjacent product development initiatives across Private Markets and Digital Assets when appropriate.

Requirements of the Role:
  • 10+ years of investment industry experience in product development, product management, portfolio management, or a related investment-focused role.
  • Extensive ETF and index strategy product experience required.
  • Strong knowledge of financial markets, exchange-traded products, indexing methodologies, and investment concepts across asset classes.
  • Experience leading product development and range management initiatives within complex regulatory environments.
  • Demonstrated ability to evaluate market opportunities and make data-driven product recommendations.
  • Strong understanding of investment vehicles, fund structures, and client distribution channels.
  • Experience partnering with investment teams and distribution organizations to develop innovative, commercially viable investment solutions.
  • Proven leadership, stakeholder management, and cross-functional collaboration skills.
  • Excellent written, verbal, and presentation skills with the ability to communicate effectively to executive, client, and industry audiences.
  • Strong analytical, organizational, and project management capabilities.
  • Undergraduate degree in Finance, Business, or a related field required.
  • MBA or other advanced degree preferred.
  • CFA or other relevant professional designation preferred.
  • Ability to travel up to 10%.

The salary range for this position in New York City is $165,000- $190,000/year. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience and location
Full Time / Part Time
Full time
Worker Type
Employee
Job Exempt (Yes / No)
Yes
Workplace Model
Pursuant to Invesco's Workplace Policy, employees are expected to comply with the firm's most current workplace model, which as of October 1, 2025, includes spending at least four full days each week working in an Invesco office. This reflects our belief that spending time together in the office helps us build stronger relationships, collaborate more easily, and support each other's growth and development.
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.

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