Vice President (VP), Research & Development Salary

Pay for VPs of Research & Development in the United States sits in the ballpark of $153K annually. With some bonuses approaching $59K and certain profit sharing proceeds approaching $30K, overall incomes of VPs of Research & Development spread between $100K and $251K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. The majority of workers are highly satisfied with their job. VPs of Research & Development who took the survey are largely men, dominating at 84 percent. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$98,084 - $217,497
(Median)
$98K
$150K
$220K
MEDIAN: $153,215
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
$98,084 - $217,497  
   
Bonus
$1,016 - $59,180  
Profit Sharing
$2,027 - $29,590  
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).
)
$99,777 - $251,355  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 233
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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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Just a handful of professional skills are reported by VPs of Research & Development who took the survey. Product Development and Project Management are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include Project Management. Those with knowledge of Product Development tend to be skilled in Project Management as well.

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 with a rich background of experience are typically rewarded with larger paychecks. Six-figure salaries are not unusual for those just entering the occupation — survey respondents with less than five years' experience under their belts report receiving an average of $100K per year. VPs of Research & Development who work for 10 to 20 years in their occupation tend to earn about $170K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $177K.

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

Late-Career
up arrow 6%

Experienced
up arrow 2%

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 32 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
0%
1-4 years
6%
5-9 years
9%
10-19 years
40%
20 years or more
44%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 77%
vision benefits Vision: 66% employee benefits None: 6%
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