Vice President (VP), Research & Development Salary

VPs of Research & Development in the United States take home approximately $153K annually on average. Cash earnings for VPs of Research & Development — including $59K in bonuses and $30K in profit sharing proceeds near the top of the pay scale — generally stretch from $100K to $250K depending on individual performance. Experience level is the biggest factor affecting pay for this group, followed by geography. Most VPs of Research & Development like their work and job satisfaction is high. VPs of Research & Development who took the survey are largely men, dominating at 84 percent. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$98,613 - $216,874

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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
$98,613 - $216,874  
   
Bonus
$1,021 - $59,033  
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).
)
$100,155 - $250,478  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 237
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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. Product Development and Project Management are considered valuable skills and can increase employee pay. Skills that pay less than market rate 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $100K per year. VPs of Research & Development claiming one to two decades of experience make an estimated median of $171K. People who have worked for more than 20 years report a median income of $178K, which is barely higher than the median for folks with 10 to 20 years of experience.

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

Late-Career
up arrow 6%

Experienced
up arrow 2%

National Average
$168,000

Mid-Career
up arrow 12%

Entry-Level
up arrow 41%

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

Product Development
up arrow 1%

National Average
$168,000


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
45%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 77%
vision benefits Vision: 66% employee benefits None: 7%
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