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Vice President (VP), Research & Development Salary

VPs of Research & Development enjoy a hefty income, with average pay passing six figures ($153K) annually in the United States. Cash earnings for VPs of Research & Development — which occasionally include more than $59K from bonuses and more than $30K from profit sharing — stretch from around $100K to approximately $255K. Experience level is the biggest factor affecting pay for this group, followed by geography. VPs of Research & Development who took the survey are largely men, dominating at 83 percent. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. Most VPs of Research & Development like their work and job satisfaction is high. The data for this synopsis comes from respondents who took the PayScale salary survey.

$99,517 - $218,184
(Median)
$100K
$150K
$220K
MEDIAN: $152,874
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
$99,517 - $218,184  
   
Bonus
$1,027 - $58,882  
Profit Sharing
$1,007 - $29,799  
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).
)
$100,155 - $254,754  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 236

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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.

Vice President (VP), Research & Development Job Listings

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VPs of Research & Development who responded to the survey report just a handful of professional skills. Product Development and Project Management are considered valuable skills and can increase employee pay. Skills that pay less than market rate include Project Management. Aptitude in Product Development tends to also indicate an understanding of Project 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. New workers enjoy hefty six-figure paychecks when they take on this position — $100K per year is the median for people who claim less than five years' experience. For VPs of Research & Development, 10 to 20 years of experience on the job amounts to an average salary of $168K. 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 $179K on average.

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United States (change)

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

Late-Career
up arrow 8%

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
0%

National Average
$167,000

Project Management
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.

Gender

Female
17 %
Male
83 %

Years of Experience

Less than 1 year
0%
1-4 years
6%
5-9 years
10%
10-19 years
39%
20 years or more
44%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 78%
vision benefits Vision: 66% employee benefits None: 6%
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