Vice President (VP), Research & Development Salary
Median pay for VPs of Research & Development in the United States lies in the neighborhood of $159K per year. Total cash compensation to VPs of Research & Development bottoms out near $102K and approaches $286K on the high end; the biggest paychecks include approximately $78K from bonuses and almost $44K from profit sharing. Career length and the particular city each impact pay for this group, with the former having the largest influence. 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. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Most VPs of Research & Development report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
|Salary||$96,863 - $242,770|
|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).)
|$102,191 - $286,146|
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.Read More...
Usually a board-level executive, the VP of R&D typically spends much of their time directing R&D teams rather than performing hands-on supervision. The VP usually receives progress reports and conducts regular meetings with team leaders at a middle-management level. They assess the efforts of R&D teams, adjust scheduling and personnel, and help steer research efforts. The VP helps create an environment that fosters innovation in developing new products, creating improvements on existing products or services, or even developing new processes and technology for the organization to improve efficiency.
As an upper-level executive within a company, a vice president for research and development typically needs at least a bachelor's degree in some scientific, business, or engineering discipline, with many companies preferring individuals with master's degrees in business administration. The VP typically works within his or her own office and has an administrative staff he or she directly supervises. As a supervisor of a department that may consist of many teams, the VP of R&D should expect that travel will be a regular part of his or her job as well.
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.
Vice President (VP), Research & Development Job Listings
Popular Skills for Vice President (VP), Research & Development
VPs of Research & Development only report a few specific skills. Most notably, skills in Product Development, People Management, Project Management, and Strategic Planning are correlated to pay that is above average. Skills that pay less than market rate include Strategic Planning, Project Management, and People Management. Those familiar with Product Development also tend to know 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.
For many VPs of Research & Development, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Individuals who have worked for fewer than five years report earning $105K on average, a generous six-figure sum for those just starting out. People with 10 to 20 years of experience make an average of about $180K in this role. More than 20 years of experience mean a somewhat bigger median paycheck of $198K, but it's not much more than what less experienced people make.
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Key Stats for Vice President (VP), Research & Development
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