Vice President (VP), Research & Development Salary

For VPs of Research & Development, yearly average wages total $155K annually. With some bonuses and profit sharing proceeds approaching $65K each, total incomes of VPs of Research & Development generally range from $100K to $269K depending on individual performance. 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 82 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 figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$98,653 - $233,161
(Median)
$99K
$160K
$230K
MEDIAN: $155,069
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$90K$180K$270K
Salary
$98,653 - $233,161  
   
Bonus
$1,919 - $65,441  
Profit Sharing
$2,500 - $68,784  
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).
)
$100,474 - $269,470  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 272
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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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Job skills reported by VPs of Research & Development are limited. Most notably, skills in Product Development, People Management, Project Management, and Strategic Planning are correlated to pay that is above average. Skills that pay less than market rate include Strategic Planning, Project Management, and People Management. It is not unusual for someone who knows Product Development to be familiar with 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. 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. VPs of Research & Development who work for 10 to 20 years in their occupation tend to earn about $174K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $182K.

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

Late-Career
up arrow 6%

Experienced
up arrow 1%

National Average
$172,000

Mid-Career
up arrow 12%

Entry-Level
up arrow 42%

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

National Average
$172,000

Product Development
up arrow 1%

People Management
up arrow 4%


Strategic Planning
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
0%
1-4 years
5%
5-9 years
8%
10-19 years
39%
20 years or more
48%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 79%
medical benefits
Vision: 69%
dental benefits
None: 7%
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