Sr. Research & Development Manager Salary
Average Senior Research & Development Managers in the United States make around $122K per year. Geographic location and career length each impact pay for this group, with the former having the largest influence. Work is reasonably fulfilling for most Senior Research & Development Managers — the majority report average levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Male Senior Research & Development Managers are more prevalent than women among those who took the survey — 65 percent of professionals. This report is based on responses to the PayScale salary survey.
|Salary||$77,568 - $162,144|
|Bonus||$5,128 - $29,590|
|Total Pay (||$84,756 - $186,089|
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 usually report a few specific skills. Most notably, skills in Software Development, People Management, Product Development, and Research Analysis are correlated to pay that is above average, with boosts between 4 percent and 9 percent. Those educated in People Management tend to be well versed in Product Development.
Pay by Experience Level for Sr. Research & Development Manager
Pay by Experience for a Sr. Research & Development Manager has a positive trend. An entry-level Sr. Research & Development Manager with less than 5 years of experience can expect to earn an average total compensation of $95,000 based on 9 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sr. Research & Development Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $112,000 based on 17 salaries. An experienced Sr. Research & Development Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $150,000 based on 42 salaries. A Sr. Research & Development Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $138,000 based on 22 salaries.
Pay Difference by Location
Home to some of the best pay for Senior Research & Development Managers, Minneapolis offers exceptional salaries, 15 percent above the national average. Compared to the national average, New York Senior Research & Development Managers have considerably lower salaries, 30 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Not at the bottom but still paying below the median are employers in Boston and San Jose (25 percent lower and 3 percent lower, respectively).
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