Vice President (VP), Research & Development Salary

Compensation for VPs of Research & Development in the United States is generous, with average pay surpassing six figures annually ($158K). Cash earnings for VPs of Research & Development — which occasionally include more than $78K from bonuses and more than $44K from profit sharing — stretch from around $102K to approximately $290K. Experience level is the biggest factor affecting pay for this group, followed by geography. Male VPs of Research & Development are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Most VPs of Research & Development like their work and job satisfaction is high. Medical benefits are awarded to nearly all, and most earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$96,429 - $243,496
$96K
$160K
$240K
MEDIAN: $158,025
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Salary
$96,429 - $243,496  
   
Bonus
$7,603 - $78,044  
Profit Sharing
$-0.50 - $44,385  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$101,909 - $290,351  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 172

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United States (change)

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Job Description for Vice President (VP), Research & Development

A vice president (VP) of research and development (R&D) is an executive who oversees and supervises all development and innovation efforts by a company. They work to recruit product development team leaders to handle these efforts and directs R&D teams with budget approvals, scheduling, and deadline management. The VP also works with other teams within the company — such as sales, marketing, engineering, and manufacturing — to bring new products from the research and development side to market or implementation within the organization.

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Vice President (VP), Research & Development Tasks

  • Develop and direct the design and development of new products and the improvement of existing products.
  • Work with members of the senior management team to further department and company goals.
  • Provide leadership and develop objectives for the Research and Development (R&D) department.
  • Obtain funding for existing and future Research and Development (R&D) projects.

Common Career Paths for Vice President (VP), Research & Development


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Although many VPs of Research & Development transition into VP of Product Development roles, the latter job seems to pay slightly less with an average reported annual income of $152K.

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Popular Skills for Vice President (VP), Research & Development


VPs of Research & Development note just a narrow range of job skills. Most notably, skills in Product Development, People Management, Project Management, and Strategic Planning are correlated to pay that is above average. Skills that seem to negatively impact pay include Strategic Planning, Project Management, and People Management. Those proficient in Product Development are, more often than not, also skilled in People Management.

Pay by Experience Level for Vice President (VP), Research & Development

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience is an important factor influencing the compensation of VPs of Research & Development. Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $104K per year. VPs of Research & Development claiming one to two decades of experience make an estimated median of $177K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $196K on average.

Related Job Salaries

Key Stats for Vice President (VP), Research & Development

Gender

Female
23 %
Male
77 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
1-4 years
6%
5-9 years
9%
10-19 years
38%
20 years or more
48%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Research & Development Salaries

▲9%

National Average
$180,000

▼2%

Mid-Career
▼6%

Entry-Level
▼42%

Skills That Affect Vice President (VP), Research & Development Salaries


National Average
$180,000

People Management
▼5%


Strategic Planning
▼17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

1-4 years
6%
5-9 years
9%
10-19 years
38%
20 years or more
48%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 83%
vision benefits
Vision: 73%
dental benefits
None: 5%
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