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The differences between vice presidents of research and development and executive vice presidents can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a vice president of research and development and an executive vice president. Additionally, an executive vice president has an average salary of $216,285, which is higher than the $170,226 average annual salary of a vice president of research and development.
The top three skills for a vice president of research and development include R, product development and project management. The most important skills for an executive vice president are financial statements, oversight, and business development.
| Vice President Of Research And Development | Executive Vice President | |
| Yearly salary | $170,226 | $216,285 |
| Hourly rate | $81.84 | $103.98 |
| Growth rate | 2% | 6% |
| Number of jobs | 120,333 | 123,982 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 71% |
| Average age | 48 | 52 |
| Years of experience | - | - |
A vice president of research and development will lead a team of engineers in developing innovative products on time and on budget. This role will require you to perform a variety of tasks that include executing the company's overall technology vision, managing the appropriate development methodologies, and creating an organizational structure that will drive a high performing development team to deliver high-quality solutions to the market. In addition, you will be responsible for attracting, developing, and retaining top talent for the research and development function.
An executive vice president is responsible for monitoring departmental operations, managing customer relationships, developing the company's strategic goals, and identifying business opportunities that would maximize the company's performance, drive revenues, and achieve the business's profitability goals. Executive vice presidents contribute to sales innovations, negotiate business contracts, analyze financial reports, and minimize the company's expenses without compromising high-quality operations and customer satisfaction. An executive vice president must have excellent leadership and communication skills to support its daily operations to achieve its long-term goals and objectives.
Vice presidents of research and development and executive vice presidents have different pay scales, as shown below.
| Vice President Of Research And Development | Executive Vice President | |
| Average salary | $170,226 | $216,285 |
| Salary range | Between $114,000 And $253,000 | Between $118,000 And $394,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Washington | Washington |
| Best paying company | Organon | Gartner |
| Best paying industry | Finance | Telecommunication |
There are a few differences between a vice president of research and development and an executive vice president in terms of educational background:
| Vice President Of Research And Development | Executive Vice President | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 71% |
| Most common major | Electrical Engineering | Business |
| Most common college | University of Michigan - Ann Arbor | University of Pennsylvania |
Here are the differences between vice presidents of research and development' and executive vice presidents' demographics:
| Vice President Of Research And Development | Executive Vice President | |
| Average age | 48 | 52 |
| Gender ratio | Male, 85.0% Female, 15.0% | Male, 74.7% Female, 25.3% |
| Race ratio | Black or African American, 3.1% Unknown, 4.6% Hispanic or Latino, 8.7% Asian, 14.2% White, 69.2% American Indian and Alaska Native, 0.2% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 12% |