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The differences between vice presidents of research and development and 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 vice president. Additionally, a vice president of research and development has an average salary of $170,226, which is higher than the $158,637 average annual salary of a vice president.
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 vice president are healthcare, oversight, and project management.
| Vice President Of Research And Development | Vice President | |
| Yearly salary | $170,226 | $158,637 |
| Hourly rate | $81.84 | $76.27 |
| Growth rate | 2% | 6% |
| Number of jobs | 120,333 | 119,530 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 72% |
| 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.
Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.
Vice presidents of research and development and vice presidents have different pay scales, as shown below.
| Vice President Of Research And Development | Vice President | |
| Average salary | $170,226 | $158,637 |
| Salary range | Between $114,000 And $253,000 | Between $107,000 And $235,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | New York |
| Best paying company | Organon | Brookfield Properties |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a vice president of research and development and a vice president in terms of educational background:
| Vice President Of Research And Development | Vice President | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 72% |
| 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 vice presidents' demographics:
| Vice President Of Research And Development | Vice President | |
| Average age | 48 | 52 |
| Gender ratio | Male, 85.0% Female, 15.0% | Male, 65.8% Female, 34.2% |
| 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, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 9% | 12% |