Vice President (VP), Research & Development Salary

VPs of Research & Development in the United States can expect wages of $164K annually on average. Total cash earnings of VPs of Research & Development range from $103K on the low end to $284K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $77K and $44K, respectively. Career length is the biggest factor affecting pay for this group, followed by geography. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. 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. The majority of workers are highly satisfied with their job. This report is based on answers to PayScale's salary questionnaire.

$98,413 - $242,850
$98K
$160K
$240K
MEDIAN: $164,045
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
$98,413 - $242,850  
   
Bonus
$7,450 - $76,522  
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).
)
$103,066 - $284,108  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 190

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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

  • 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.
  • 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.

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


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VPs of Research & Development often transition into a VP of Product Development position. VPs of Product Development report a slightly lower median income of $152K.

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


VPs of Research & Development report a focused set 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 familiar with Product Development also tend to know People Management.

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

Pay by Experience for a Vice President (VP), Research & Development has a positive trend. An entry-level Vice President (VP), Research & Development with less than 5 years of experience can expect to earn an average total compensation of $105,000 based on 13 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Research & Development with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $155,000 based on 26 salaries. An experienced Vice President (VP), Research & Development which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $180,000 based on 99 salaries. A Vice President (VP), Research & Development with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $198,000 based on 84 salaries.

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 20 votes.
1-4 years
6%
5-9 years
7%
10-19 years
38%
20 years or more
49%
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Location:
Years in Fields/Career:
United States (change)

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

▲8%

National Average
$184,000

▼2%

▼16%

Entry-Level
▼43%

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

National Average
$184,000

Product Development
▼1%



Strategic Planning
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

1-4 years
6%
5-9 years
7%
10-19 years
38%
20 years or more
49%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 86%
vision benefits
Vision: 74%
no benefits
None: 5%
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