Vice President (VP), Research & Development Salary

VPs of Research & Development in the United States pull down an average of $153K per year. In the world of VPs of Research & Development, total cash compensation can vary between $99K and $252K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $59K and $29K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. The vast majority of VPs of Research & Development (83 percent) survey respondents are men. For the most part, VPs of Research & Development enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to almost all, and a fair number earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$97,650 - $217,948
(Median)
$98K
$150K
$220K
MEDIAN: $153,357
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$90K$180K$270K
Salary
$97,650 - $217,948  
   
Bonus
$1,011 - $59,322  
Profit Sharing
$1,021 - $29,361  
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).
)
$99,488 - $251,673  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 230
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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.

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VPs of Research & Development report a focused set of job skills. Product Development and Project Management are considered valuable skills and can increase employee pay. At the other end of the pay range are skills like Project Management. Product Development and Project Management are also commonly seen together.

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

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


VPs of Research & Development generally obtain higher compensation for more plentiful past experience. Respondents with less than five years' experience take home $100K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $149K. People with 10 to 20 years of experience make an average of about $170K in this role. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $177K on average.

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

Late-Career
up arrow 6%

Experienced
up arrow 1%

National Average
$167,000

Mid-Career
up arrow 11%

Entry-Level
up arrow 40%

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

Product Development
up arrow 1%

National Average
$167,000

Project Management
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

Less than 1 year
0%
1-4 years
6%
5-9 years
9%
10-19 years
39%
20 years or more
45%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 78%
vision benefits Vision: 65% employee benefits None: 6%
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