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Vice President (VP), Research & Development Salary

Salaries for VPs of Research & Development in the United States are generous, with average pay above six figures ($153K) per year. Cash earnings for VPs of Research & Development — which occasionally include more than $60K from bonuses and more than $30K from profit sharing — stretch from around $100K to approximately $255K. Career length is the biggest factor affecting pay for this group, followed by geography. Most VPs of Research & Development report high levels of job satisfaction. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. Among survey respondents, men are more common than women; 83 percent of VPs of Research & Development are male. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$99,517 - $219,233
(Median)
$100K
$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
$99,517 - $219,233  
   
Bonus
$1,024 - $59,661  
Profit Sharing
$1,014 - $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).
)
$100,155 - $254,754  
Country: United States | Currency: USD | Updated: 16 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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Survey takers who work as VPs of Research & Development usually report a few specific skills. Product Development and Project Management are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include Project Management. Product Development and Project Management are correlating skills — those who know the former usually know the latter.

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 lot of experience tend to enjoy higher earnings. Even the relatively untried can take home bulky six-figure salaries; employees who have worked for fewer than five years report earning $100K on average. The average pay reported by folks with 10 to 20 years of experience is around $169K. More than 20 years of experience mean a somewhat bigger median paycheck of $181K, but it's not much more than what less experienced people make.

Related Job Salaries

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 38 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
40%
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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