Vice President (VP) of Research Salary
VPs of Research in the United States take home an average $143K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Most VPs of Research like their work and job satisfaction is high. Male VPs of Research who responded to the survey are more common than women; more than half (61 percent) are men. Participants in PayScale's salary questionnaire provided the particulars of this report.
Job Description for Vice President (VP) of Research
- Develop project plans, budgets, and deadlines, and work with scientists to identify project components and materials.
- Create and carry out the company's research and development plan, and work to meet company R&D objectives.
- Oversee a company's development of new products and production processes to keep ahead of the competition.
- Follow the development of new research technologies and keep the company up to date, and train researchers in the use of new processes.
- Manage the R&D team, and ensure the organization is fully staffed and recruit new researchers.
Vice President (VP), Research & Development Job Listings
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Popular Skills for Vice President (VP) of Research
Professional skills reported by VPs of Research are few in number. Most notably, skills in Business Development, Public Speaking, Project Management, and Research Analysis are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Research Analysis and Project Management. Most people who know Project Management also know Public Speaking.
Pay by Experience Level for Vice President (VP) of Research
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many VPs of Research, more experience generally translates to higher pay. During the first five years of their careers, VPs of Research see a median income of $115K. Survey respondents with five to 10 years of experience report an only modestly higher median of $129K. VPs of Research who work for 10 to 20 years in their occupation tend to earn about $156K. VPs of Research who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $176K.
Pay Difference by Location
Boston is home to an above-average pay rate for VPs of Research, 29 percent higher than the national average. VPs of Research will also find cushy salaries in Los Angeles (+12 percent) and New York (+2 percent). With compensation 5 percent below the national average, Washington is not known for hefty paychecks and actually represents the lowest-paying market.