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The differences between vice presidents of research and development and senior 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 a senior vice president. Additionally, a senior vice president has an average salary of $194,770, 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 senior vice president are financial services, SVP, and oversight.
| Vice President Of Research And Development | Senior Vice President | |
| Yearly salary | $170,226 | $194,770 |
| Hourly rate | $81.84 | $93.64 |
| Growth rate | 2% | 6% |
| Number of jobs | 120,333 | 61,380 |
| 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.
A Senior Vice President's responsibilities vary according to the company or organization. Still, it mostly revolves around overseeing and leading a particular department's activities and operations, reporting to the president and the board, evaluating the progress and performances of teams and employees, and maintaining constant communication with staff and management. Furthermore, A Senior Vice President is also involved in forming strategies that would benefit the sales of the company, seek innovative options, review documents, and ensure that the operations are up to the standards of the company's policies and regulations.
Vice presidents of research and development and senior vice presidents have different pay scales, as shown below.
| Vice President Of Research And Development | Senior Vice President | |
| Average salary | $170,226 | $194,770 |
| Salary range | Between $114,000 And $253,000 | Between $125,000 And $302,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Organon | Brookfield Properties |
| Best paying industry | Finance | Media |
There are a few differences between a vice president of research and development and a senior vice president in terms of educational background:
| Vice President Of Research And Development | Senior 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 senior vice presidents' demographics:
| Vice President Of Research And Development | Senior Vice President | |
| Average age | 48 | 52 |
| Gender ratio | Male, 85.0% Female, 15.0% | Male, 74.9% Female, 25.1% |
| 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, 76.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 12% |