Vice President (VP), Research & Development Salary

VPs of Research & Development in the United States see excellent average salaries — about $161K annually. With some bonuses approaching $80K and certain profit sharing proceeds approaching $45K, overall incomes of VPs of Research & Development spread between $103K and $285K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Most workers in this position report high levels of job satisfaction. Most VPs of Research & Development survey respondents are men (75 percent). The information for this snapshot was generated by responses to the PayScale salary survey.

$101,904 - $246,408
$100K
$170K
$250K
MEDIAN: $170,038
10%
50%
90%

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$0$302K
Salary $101,904 - $246,408
Bonus $8,139 - $90,000
Profit Sharing $2,424 - $98,633
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).
)
$106,829 - $302,961
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 212

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

  • 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.
  • 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.

Common Career Paths for Vice President (VP), Research & Development


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Although many VPs of Research & Development transition into VP of Product Development roles, the latter job seems to pay slightly less with an average reported annual income of $152K.

Vice President (VP), Research & Development Job Listings

Popular Skills for Vice President (VP), Research & Development


VPs of Research & Development report a focused set of job skills. Most notably, skills in Product Development, People Management, Project Management, and Strategic Planning are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Strategic Planning, Project Management, and People Management. Most people familiar with Product Development also know People Management.

Pay by Experience Level for Vice President (VP), Research & Development

Pay by Experience for a Vice President (VP), Research & Development has a positive trend. An entry-level Vice President (VP), Research & Development with less than 5 years of experience can expect to earn an average total compensation of $105,000 based on 13 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Research & Development with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $155,000 based on 26 salaries. An experienced Vice President (VP), Research & Development which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $180,000 based on 99 salaries. A Vice President (VP), Research & Development with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $198,000 based on 84 salaries.

Related Job Salaries

Key Stats for Vice President (VP), Research & Development

Gender

Female
22 %
Male
78 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.
1-4 years
5%
5-9 years
6%
10-19 years
34%
20 years or more
55%

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

▲4%

National Average
$190,000

▼5%

▼18%

Entry-Level
▼45%

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

National Average
$190,000

Product Development
▼4%



Strategic Planning
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

1-4 years
5%
5-9 years
6%
10-19 years
34%
20 years or more
55%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 87%
vision benefits
Vision: 77%
no benefits
None: 5%