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What is a vice president of research and development and how to become one
Companies that manufacture products on a large scale usually have a research and development (R&D;) department. This department helps in keeping the current product line up-to-date by continuously improving the production process or various components of the product itself. Moreover, they also research and develop new products. As a vice president of research and development, you will serve the purpose of leading the team in the R&D; department.
Some of the duties and responsibilities that you will be performing in this capacity include recruiting product development team leaders, approving budgets for the R&D; department, and manage various deadlines of products. Moreover, you will also be collaborating with other departments, such as sales and marketing, to bring new products from your department to the market. Essential skills required to successfully complete these tasks include communication, leadership, time management, interpersonal, organizational, and analytical thinking.
To qualify for this role, you will need at least a bachelor's degree in science, technology, engineering, or an industry-related discipline. However, a master's degree is preferred. Moreover, prior work experience of ten or more years is also essential. The average hourly pay for this position is $78.65, which amounts to $163,599 annually. This career is also projected to grow in the next few years and create new opportunities across the United States.
Avg. Salary $170,226
Avg. Salary $59,228
Growth rate 2%
Growth rate 0.3%
American Indian and Alaska Native 0.16%
Asian 14.23%
Black or African American 3.05%
Hispanic or Latino 8.68%
Unknown 4.64%
White 69.23%
Genderfemale 15.04%
male 84.96%
Age - 48American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 48Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
Vice president of research and development career paths
Key steps to become a vice president of research and development
Explore vice president of research and development education requirements
Start to develop specific vice president of research and development skills
Skills Percentages R 33.50% Product Development 10.18% Project Management 3.76% Strategic Plan 3.47% Intellectual Property 3.14% Complete relevant vice president of research and development training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New vice presidents of research and development learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a vice president of research and development based on U.S. Bureau of Labor Statistics data and data from real vice president of research and development resumes.Research vice president of research and development duties and responsibilities
- Manage initial implementation of GMP procedures.
- Manage and direct OEM manufacturing partner.
- Manage software application implementation for time reporting/project-costing system to aid in understanding project spending and improve portfolio prioritization and execution.
- Isolate malignant free cells using GMP methodology suitable for regulatory approval and clinical use in cancer patients.
Get vice president of research and development experience
Generally, it takes more than 10 years to become a vice president of research and development. The most common roles before becoming a vice president of research and development include director, vice president team lead and research and development director.Prepare your vice president of research and development resume
When your background is strong enough, you can start writing your vice president of research and development resume.
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Apply for vice president of research and development jobs
Now it's time to start searching for a vice president of research and development job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average vice president of research and development salary
The average vice president of research and development salary in the United States is $170,226 per year or $82 per hour. Vice president of research and development salaries range between $114,000 and $253,000 per year.
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Updated January 8, 2025
