Vice President (VP) of Research Salary
An average VP of Research in the United States can expect to take home roughly $145K annually. Career length is the biggest factor affecting pay for this group, followed by geography. The majority of workers are highly satisfied with their job. Men make up a slight majority of VPs of Research (57 percent) who responded to the survey. Medical benefits are awarded to nearly all, and almost all earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$79,757 - $217,083|
|Bonus||$2,251 - $51,521|
|Total Pay (||$81,724 - $249,521|
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.
Popular Skills for Vice President (VP) of Research
Professional skills reported by VPs of Research are few in number. Most notably, skills in Public Speaking, Business Development, 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, Project Management, and Business Development. Those familiar with Project Management also tend to know Public Speaking.
Pay by Experience Level for Vice President (VP) of Research
Pay by Experience for a Vice President (VP) of Research has a positive trend. An entry-level Vice President (VP) of Research with less than 5 years of experience can expect to earn an average total compensation of $99,000 based on 6 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP) of Research with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $138,000 based on 19 salaries. An experienced Vice President (VP) of Research which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $165,000 based on 61 salaries. A Vice President (VP) of Research with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $174,000 based on 29 salaries.
Pay Difference by Location
VPs of Research will find that Boston offers an impressive pay rate, one which exceeds the national average by 25 percent. VPs of Research will also find cushy salaries in New York (+14 percent) and Los Angeles (+9 percent).
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Key Stats for Vice President (VP) of Research
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