Research & Development (R&D) Manager Salary
Job Description for Research & Development (R&D) Manager
Research and development managers lead a team of employees in conducting research and development for an organization. This may include investigating technology development, concept development, and new product development, among other areas. Many times, research and development teams work to improve an existing product or service. They identify areas for improvement and how any changes might be conducted. Research and development managers oversee this process and suggest recommendations to the organization's leaders.Read More...
Research and development managers oversee the daily activities of a team of employees who research designs, concepts, and services. They help develop a budget for the plan and ensure that the team is working within that plan. They also ensure that goals and objectives are being met.
To become a research and development manager, a master’s or doctorate degree is required, usually in engineering, biochemistry, physics, or a related field. Prior research and development experience is expected, and potential applicants must be qualified to lead a team. They must show superior problem solving skills, as well as excellent leadership skills.
Research & Development (R&D) Manager Tasks
- Responsible for management of a team or group of employees.
- Ensure that program objectives are determined and met, logistics are effectively coordinated and budgets are adhered to.
- Provide technical oversight and expertise as required.
- Plan and implement the development of new processes in areas of research generally dealing with the life or physical sciences.
Common Career Paths for Research & Development (R&D) Manager
At the upper end, Research & Development Managers who move into a VP of Research & Development role can end up with a hefty increase in pay. The average income for VPs of Research & Development is a much higher $160K per year. It is quite typical for Research & Development Managers to transition into roles as Research & Development Directors or Senior Research & Development Managers, where reported median earnings are $40K and $34K higher per year.
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Popular Skills for Research & Development (R&D) Manager
Research & Development Managers generally report applying a varied skill set to their work. Lucky workers who know Operations Management can expect a significant pay bump, scoring salaries 35 percent above average. People Management and Engineering Design are also correlated to pay that is above average, with increases between 9 percent and 35 percent. Skills that seem to negatively impact pay include Clinical Research, Innovation, and Problem Solving. Those educated in Product Development tend to be well versed in People Management and Research Analysis.
Pay by Experience Level for Research & Development (R&D) Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Although individuals who have less than five years' experience earn $71K on average, people with five to 10 years benefit from a notably larger average of $90K. Between one and two decades on the job, average salaries pass the six-figure mark at around $109K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $118K.
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