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Product Development Jobs in Toronto, ON (NOW HIRING)

Product Manager

Mississauga, ON ยท On-site

CA$100K - CA$130K/yr

Contribute to the development and execution of product strategy and roadmap initiatives * Identify product opportunities based on customer feedback, operational challenges, and market trends * Define ...

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Product Development information

See Toronto, ON salary details

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How much do product development jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for product development in Toronto, ON is $27.52, according to ZipRecruiter salary data. Most workers in this role earn between $23.17 and $31.89 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 Toronto, ON? The most popular types of Product Development jobs in Toronto, ON are:
What are popular job titles related to Product Development jobs in Toronto, ON? For Product Development jobs in Toronto, ON, the most frequently searched job titles are:
Infographic showing various Product Development job openings in Toronto, ON as of August 2026, with employment types broken down into 1% As Needed, 76% Full Time, 21% Part Time, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $57,251 per year, or $27.5 per hour.

Manager, Product Development - Identity Solutions

MasterCard

Toronto, ON โ€ข On-site

Full-time

Re-posted 2 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

Manager, Product Development - Identity SolutionsServices within Mastercard is responsible for acquiring, engaging, and retaining customers by managing fraud and risk, enhancing cybersecurity, and improving the digital payments experience. We provide value-added services and leverage expertise, data-driven insights, and execution.
Overview
Mastercard Identity Solutions is transforming how businesses establish trust in the digital economy. We build data and intelligence products that help organizations verify business identities, reduce fraud, manage risk, and enable secure digital interactions at global scale.
We are seeking a Manager, Product Development (IC) to help define and execute the strategy for our Business Identity product portfolio. This role combines product strategy, technical product management, and cross-functional leadership to deliver data-driven identity solutions used by financial institutions, merchants, fintechs, and enterprise customers around the world.
You'll work closely with Engineering, Data Science, Commercialization, and Customer teams to identify market opportunities, define product requirements, prioritize roadmap investments, and deliver measurable customer outcomes.
The Role
Manage the end-to-end product lifecycle, including discovery, build, go-to-market planning, performance tracking, and continuous improvement based on customer feedback and data-driven insights
Own and define technical product requirements including API specifications, data requirements, and user experience considerations, ensuring alignment with the overall Business Identity product strategy
Lead cross-functional execution across data strategy, engineering, data science, legal, and commercialization and other partner teams to deliver against the product roadmap
Monitor market trends, customer needs, and competitive landscape to inform product strategy and ensure Business Identity offerings remain differentiated and aligned with Mastercard's digital trust vision
Participate in agile delivery and execution planning, continuously optimize product priorities, delivery process, and outcomes
All about you:
Experience managing technical products such as APIs, data platforms, analytics products, machine learning solutions, or software platforms.
Proven ability to partner and influence cross functional stakeholders, including engineering, data science, and GTM teams.
Analytical and problem-solving skills, with the ability to translate complex business, technical, and data challenges into clear product decisions.
Strong written and verbal communication skills, with the ability to establish credibility, build strong relationships, and engage effectively with senior stakeholders.
Comfort with and an ability to adapt in a rapidly changing environment.
Working knowledge of digital identity, payments, fraud, risk, and security landscape is a strong advantage.
Ability to travel up to 15%Mastercard 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: $121,000 - $169,000 CAD