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The differences between vice presidents of research and development and 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 a president. Additionally, a president has an average salary of $192,329, 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 a president are financial statements, product development, and R.
| Vice President Of Research And Development | President | |
| Yearly salary | $170,226 | $192,329 |
| Hourly rate | $81.84 | $92.47 |
| Growth rate | 2% | 6% |
| Number of jobs | 120,333 | 49,413 |
| 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.
Presidents are usually the highest-level executives in an organization. They oversee the whole company. They identify clear goals and provide strategic direction as the company works towards the achievement of their overall vision. Presidents are the decision-makers in the company. They make crucial decisions to ensure that the company continues to grow and survives challenges that come their way. They are expected to consider all stakeholders, from the board of directors and employees to the customers in their decision-making process. Presidents also represent the company in external functions, especially during high-level events. As such, they are expected to be professional, well-mannered, and good communicators.
Vice presidents of research and development and presidents have different pay scales, as shown below.
| Vice President Of Research And Development | President | |
| Average salary | $170,226 | $192,329 |
| Salary range | Between $114,000 And $253,000 | Between $114,000 And $323,000 |
| Highest paying City | San Francisco, CA | New York, NY |
| Highest paying state | Washington | New York |
| Best paying company | Organon | UnitedHealth Group |
| Best paying industry | Finance | - |
There are a few differences between a vice president of research and development and a president in terms of educational background:
| Vice President Of Research And Development | 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 presidents' demographics:
| Vice President Of Research And Development | President | |
| Average age | 48 | 52 |
| Gender ratio | Male, 85.0% Female, 15.0% | Male, 64.5% Female, 35.5% |
| 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, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 12% |