New Product Development Jobs in USA with Visa Sponsorship
New Product Development roles in the U.S. are regularly sponsored under the H-1B visa, which requires a bachelor's degree or higher in a relevant field such as engineering, industrial design, or business. Employers filing Labor Condition Applications for these positions typically list titles like Product Development Engineer or Innovation Manager.
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Get Access To All JobsOur Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, 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
Director, New Product Development
Overview
Mastercard Foundry is the innovation engine of Mastercard and a hub for new product development. We do this by driving product innovation in emerging technologies and interfaces while focusing on developing a point of view to enhance existing solutions and new use-cases. We also focus on building revenue generating ecosystems and flywheels that can be standalone in adjacent segments and markets. Examples of focus areas include Digital Assets/Stablecoins, Consumer value propositions, Digital payments, Payment Acceptance and Processing, and applications of Artificial Intelligence.
The Director, New Product Development will be a critical driver of product strategy across the Core Payments portfolio of new products at Mastercard. The role will focus on identification of new digital products, services and solutions that differentiate and grow Mastercard’s Core Payments business.
This role will lead new product development for digital assets / cryptocurrency and stablecoin capabilities, translating emerging blockchain technologies into scalable, compliant payment solutions across Mastercard’s network. The Director will partner closely with product, engineering, security, compliance, ecosystem partners and Foundry capabilities (R&D, CXD, Start Path, etc.) to design and deliver technically robust crypto/stablecoin products from concept through commercialization.
Responsibilities will include driving new product strategy, cross-portfolio narrative, and selective identification, testing and launch of new products and ventures that drive significant in year revenue and strategic differentiation for Mastercard.
Role:
- Lead new product development for digital assets / cryptocurrency and stablecoin capabilities, from early concept and prototyping through pilot, and launch across Mastercard’s network
- Define and own the product vision / concepts and roadmap for crypto and stablecoin use cases
- Partner closely with product, engineering, architecture, and security teams to design production-grade, scalable blockchain-based solutions that drive commercial value
- Collaborate cross-functionally with legal, compliance, risk, and franchise teams to ensure all crypto/stablecoin products are compliant with regulatory requirements and Mastercard rules frameworks
- Translate emerging blockchain and stablecoin technologies into clear product requirements, technical tradeoffs, and executable delivery plans
- Engage with external partners (e.g., VASPs, issuers, fintechs, infrastructure providers) to co-develop and integrate crypto and stablecoin solutions into the Mastercard ecosystem
- Drive experimentation through proofs-of-concept and market tests, incorporating learnings into product iterations and commercialization decisions
- Build business cases and success metrics to demonstrate customer value, MA network impact, and commercial viability of crypto and stablecoin products
- Serve as an internal subject-matter expert on crypto, stablecoins, and digital asset infrastructure across Mastercard
- Mentor and provide guidance to junior team members.
All about you:
- Passion for innovation and emerging technology
- Strong problem solving, research, analytical and quantitative skills, with the ability to build business cases that articulate commercial value
- Proven experience leading product development for cryptocurrency, stablecoin, or blockchain-based solutions in a regulated financial services environment
- Strong understanding of blockchain infrastructure, stablecoin models, wallets, settlement flows, and on/off-ramp architectures, with the ability to translate concepts into scalable products
- Demonstrated ability to partner effectively with engineering, security, legal, compliance, and risk teams to deliver compliant, production-grade solutions
- Track record of taking new products from concept to launch, including defining requirements, managing tradeoffs, and driving execution across cross-functional teams
- Strategic, outcome-oriented leader with the ability to influence stakeholders, articulate a clear product/ concept vision, and operate effectively in ambiguous, fast-evolving environments
- Excellent presentation and communication skills, both drafting and presenting, oral and written
- Prior consulting, banking or emerging payments experience a plus
- Bachelor’s degree required, Advanced degree a plus
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 the US, the successful candidate will be offered a competitive base salary and may be eligible for an annual bonus or commissions depending on the role. The base salary offered may vary depending on multiple factors, including but not limited to location, job-related knowledge, skills, and experience. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance); flexible spending account and health savings account; paid leaves (including 16 weeks of new parent leave and up to 20 days of bereavement leave); 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire; 10 annual paid U.S. observed holidays; 401k with a best-in-class company match; deferred compensation for eligible roles; fitness reimbursement or on-site fitness facilities; eligibility for tuition reimbursement; and many more. Mastercard benefits for interns generally include: 56 hours of Paid Sick and Safe Time; jury duty leave; and on-site fitness facilities in some locations.
Pay Ranges
New York City, New York: $187,000 - $318,000 USD
Purchase, New York: $179,000 - $305,000 USD
Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, 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
Director, New Product Development
Overview
Mastercard Foundry is the innovation engine of Mastercard and a hub for new product development. We do this by driving product innovation in emerging technologies and interfaces while focusing on developing a point of view to enhance existing solutions and new use-cases. We also focus on building revenue generating ecosystems and flywheels that can be standalone in adjacent segments and markets. Examples of focus areas include Digital Assets/Stablecoins, Consumer value propositions, Digital payments, Payment Acceptance and Processing, and applications of Artificial Intelligence.
The Director, New Product Development will be a critical driver of product strategy across the Core Payments portfolio of new products at Mastercard. The role will focus on identification of new digital products, services and solutions that differentiate and grow Mastercard’s Core Payments business.
This role will lead new product development for digital assets / cryptocurrency and stablecoin capabilities, translating emerging blockchain technologies into scalable, compliant payment solutions across Mastercard’s network. The Director will partner closely with product, engineering, security, compliance, ecosystem partners and Foundry capabilities (R&D, CXD, Start Path, etc.) to design and deliver technically robust crypto/stablecoin products from concept through commercialization.
Responsibilities will include driving new product strategy, cross-portfolio narrative, and selective identification, testing and launch of new products and ventures that drive significant in year revenue and strategic differentiation for Mastercard.
Role:
- Lead new product development for digital assets / cryptocurrency and stablecoin capabilities, from early concept and prototyping through pilot, and launch across Mastercard’s network
- Define and own the product vision / concepts and roadmap for crypto and stablecoin use cases
- Partner closely with product, engineering, architecture, and security teams to design production-grade, scalable blockchain-based solutions that drive commercial value
- Collaborate cross-functionally with legal, compliance, risk, and franchise teams to ensure all crypto/stablecoin products are compliant with regulatory requirements and Mastercard rules frameworks
- Translate emerging blockchain and stablecoin technologies into clear product requirements, technical tradeoffs, and executable delivery plans
- Engage with external partners (e.g., VASPs, issuers, fintechs, infrastructure providers) to co-develop and integrate crypto and stablecoin solutions into the Mastercard ecosystem
- Drive experimentation through proofs-of-concept and market tests, incorporating learnings into product iterations and commercialization decisions
- Build business cases and success metrics to demonstrate customer value, MA network impact, and commercial viability of crypto and stablecoin products
- Serve as an internal subject-matter expert on crypto, stablecoins, and digital asset infrastructure across Mastercard
- Mentor and provide guidance to junior team members.
All about you:
- Passion for innovation and emerging technology
- Strong problem solving, research, analytical and quantitative skills, with the ability to build business cases that articulate commercial value
- Proven experience leading product development for cryptocurrency, stablecoin, or blockchain-based solutions in a regulated financial services environment
- Strong understanding of blockchain infrastructure, stablecoin models, wallets, settlement flows, and on/off-ramp architectures, with the ability to translate concepts into scalable products
- Demonstrated ability to partner effectively with engineering, security, legal, compliance, and risk teams to deliver compliant, production-grade solutions
- Track record of taking new products from concept to launch, including defining requirements, managing tradeoffs, and driving execution across cross-functional teams
- Strategic, outcome-oriented leader with the ability to influence stakeholders, articulate a clear product/ concept vision, and operate effectively in ambiguous, fast-evolving environments
- Excellent presentation and communication skills, both drafting and presenting, oral and written
- Prior consulting, banking or emerging payments experience a plus
- Bachelor’s degree required, Advanced degree a plus
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 the US, the successful candidate will be offered a competitive base salary and may be eligible for an annual bonus or commissions depending on the role. The base salary offered may vary depending on multiple factors, including but not limited to location, job-related knowledge, skills, and experience. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance); flexible spending account and health savings account; paid leaves (including 16 weeks of new parent leave and up to 20 days of bereavement leave); 80 hours of Paid Sick and Safe Time, 25 days of vacation time and 5 personal days, pro-rated based on date of hire; 10 annual paid U.S. observed holidays; 401k with a best-in-class company match; deferred compensation for eligible roles; fitness reimbursement or on-site fitness facilities; eligibility for tuition reimbursement; and many more. Mastercard benefits for interns generally include: 56 hours of Paid Sick and Safe Time; jury duty leave; and on-site fitness facilities in some locations.
Pay Ranges
New York City, New York: $187,000 - $318,000 USD
Purchase, New York: $179,000 - $305,000 USD
See all 1,408+ New Product Development jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new New Product Development roles.
Get Access To All JobsTips for Finding New Product Development Jobs
Target employers with LCA filing history
Companies that have filed Labor Condition Applications for New Product Development roles in the past are the most likely to sponsor again. DOL disclosure data shows which employers have a proven track record of sponsoring this specific job category.
Align your degree to the role description
H-1B specialty occupation requires a directly related degree. A mechanical engineering or industrial design degree maps cleanly to product development. A general business degree may face USCIS scrutiny unless the role has a strong technical component clearly stated in the job description.
Frame your experience around the development lifecycle
Employers sponsoring NPD roles want candidates who can demonstrate ownership across ideation, prototyping, and launch phases. Structuring your resume around product lifecycle milestones strengthens both your candidacy and the employer's ability to justify sponsorship to USCIS.
Prioritize R&D-heavy industries
Medical devices, consumer electronics, and industrial manufacturing companies file the highest volume of LCAs for new product development roles. These industries have established immigration infrastructure, making sponsorship faster and less burdensome for the hiring team to approve internally.
Ask about sponsorship early in the process
Raise visa sponsorship in the second or third conversation, not after an offer. Framing it as a process question rather than a request reduces friction. Many NPD hiring managers have sponsored before and simply need confirmation you understand the timeline and steps involved.
Use Migrate Mate to find verified sponsoring employers
Migrate Mate filters job listings to surface employers who have actively sponsored work visas for roles like New Product Development. This removes the guesswork of cold-applying to companies with no sponsorship history and significantly improves your interview conversion rate.
New Product Development jobs are hiring across the US. Find yours.
Find New Product Development JobsFrequently Asked Questions
Is New Product Development a specialty occupation that qualifies for H-1B sponsorship?
It depends heavily on how the role is defined. New Product Development positions tied to engineering, materials science, or industrial design qualify straightforwardly as specialty occupations because they require a specific technical degree. Roles framed around general project management or cross-functional coordination face more scrutiny, since USCIS may argue any bachelor's degree satisfies the requirement. The job description must establish that a degree in a specific field is the industry norm.
What degree fields are typically accepted for New Product Development visa sponsorship?
Mechanical engineering, industrial engineering, materials science, product design, and chemical engineering are the most commonly accepted degree fields for H-1B sponsorship in NPD roles. Some employers also successfully sponsor candidates with degrees in electrical engineering or manufacturing engineering depending on the product category. A general business or management degree is rarely sufficient on its own unless paired with a heavily technical role description that establishes a specific degree requirement.
Which industries sponsor the most New Product Development positions?
Medical device companies, consumer electronics manufacturers, automotive suppliers, and industrial equipment firms file the largest volume of Labor Condition Applications for new product development roles. These industries have structured immigration programs and legal teams experienced in H-1B petitions. Startups in hardware or deep tech also sponsor but may have less internal infrastructure, which can slow the process. Browse Migrate Mate to identify which specific employers in these sectors are actively hiring and sponsoring.
How does the H-1B lottery affect my chances of getting sponsored for an NPD role?
If your employer is cap-subject, your petition enters the H-1B lottery with an approximate 25% selection rate in recent fiscal years. However, some NPD employers qualify as cap-exempt institutions, including university research divisions and certain nonprofit research organizations, which bypass the lottery entirely. Australian citizens may also qualify for the E-3 visa, which has no lottery and a separate annual allocation that has never been fully used. Knowing your employer's cap status is critical before accepting an offer contingent on H-1B approval.
Can I transfer an H-1B to a new employer if my New Product Development role changes companies?
Yes. H-1B portability allows you to begin working for a new employer as soon as the new petition is filed, provided your prior H-1B was approved and you've maintained valid status. The new employer must file a fresh I-129 with a new Labor Condition Application specific to the new role and worksite. If your title or responsibilities shift significantly, USCIS may treat it as a change of employer rather than a continuation, so the new job description should still qualify as a specialty occupation.
What is the prevailing wage requirement for sponsored New Product Development jobs?
U.S. employers sponsoring a visa must pay at least the prevailing wage, which is what workers in the same role, area, and experience level typically earn. The Department of Labor sets this rate to make sure companies aren't hiring foreign workers simply because they'd accept lower pay than a U.S. worker. It varies by job title, location, and experience. You can look up current prevailing wage rates for any occupation and location using the OFLC Wage Search page.
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