Sr. Research & Development Manager Salary
Median pay for Senior Research & Development Managers in the United States is around $120K annually. Overall cash earnings for Senior Research & Development Managers vary widely between $84K and $179K; for a few high rollers, the final number can encompass upwards of $25K each from bonuses and profit sharing proceeds. Location is the biggest factor affecting pay for this group, followed by career duration. Generally, women make up less than a third of all Senior Research & Development Managers who answered the questionnnaire. Nearly all report receiving medical and dental coverage from their employers and most collect vision insurance. Among folks in this role, job satisfaction levels approximately match the national average. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$78,085 - $160,144|
|Bonus||$4,939 - $24,944|
|Profit Sharing||$5,425 - $24,832|
|Total Pay (||$83,708 - $179,223|
Job Description for Sr. Research & Development Manager
A senior research and development (R&D) manager is a high-level executive who oversees the development of new products or software. The manager must be intimately familiar with the company’s branding and strategy, and then work with R&D staff to improve existing products and introduce new ones that conform to the company’s brand image.Read More...
The R&D manager oversees all management and scientific or engineering work under the "research and development" umbrella. This usually entails close reading of reports and testing results, as well as the ability to make modifications to projects as required. The senior manager uses a variety of analytical tools to determine the direction for future project development. He or she implements development schedules and holds managers and engineers accountable for meeting deadlines in the development process. The senior manager also must be able to judge when to postpone or cancel work on a project based on expected expenses and profitability. The senior manager creates detailed progress reports for senior board members to present to shareholders in the company.
To work as a senior research and development manager, a person must have a strong scientific or engineering background in the hiring company's area of specialty; most persons considered for this employment typically have post-baccalaureate education in a management discipline as well. The work typically takes place in an office environment during regular business hours.
Sr. Research & Development Manager Tasks
- Assess market and science current states to identify target research areas with unmet needs.
- Manage budget, expenses, and forecasts for department, including materials analysis.
- Negotiate with universities, government, companies, and consultants to obtain research or feasibility information.
- Formulate research plans including estimates, necessary equipment, and monitoring plans.
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Popular Skills for Sr. Research & Development Manager
Senior Research & Development Managers generally report applying a varied skill set to their work. Most notably, skills in Software Development, People Management, Research Analysis, and Project Management are correlated to pay that is above average, with boosts between 4 percent and 10 percent. Those educated in People Management tend to be well versed in Product Development.
Pay by Experience Level for Sr. Research & Development Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Individuals with fewer than five years of experience earn $94K on average, but those in the five-to-10 year group see a six-figure median of $109K. For Senior Research & Development Managers, 10 to 20 years of experience on the job amounts to an average salary of $142K. Senior Research & Development Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $135K.
Pay Difference by Location
Home to some of the best pay for Senior Research & Development Managers, Minneapolis offers exceptional salaries, 16 percent above the national average. One of the biggest compensable factors for Senior Research & Development Managers is geography, with workers in New York earning a whopping 29 percent below the national average. Employers pay around 25 percent less in Boston and 2 percent less in San Jose, below-median salaries for those in this field.
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