As of April 01, 2025, the average annual salary for an SVP of Research & Development in Passaic, NJ is $394,275. According to Salary.com, salaries can range from a low of $252,673 to a high of $574,832, with most professionals earning between $320,155 and $488,785.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $427,858 | $35,655 | $8,228 | $206 |
| Average | $345,129 | $28,761 | $6,637 | $166 |
| 25th Percentile | $280,248 | $23,354 | $5,389 | $135 |
An entry-level SVP of Research & Development with under 1 year experience makes about $344,029. With less than 2 years of experience, a mid-level SVP of Research & Development makes around $350,574. After 2-4 years, the SVP of Research & Development pay rises to about $359,300. Those senior SVP of Research & Development with 5-8 years of experience earn roughly $372,389, and those SVP of Research & Development having 8 years or more experience are expected to earn about $388,751 on average.
| Levels | Salary |
|---|---|
| Entry Level SVP of Research & Development | $344,029 |
| Intermediate Level SVP of Research & Development | $350,574 |
| Senior Level SVP of Research & Development | $359,300 |
| Specialist Level SVP of Research & Development | $372,389 |
| Expert Level SVP of Research & Development | $388,751 |
| Entry Level | 0% |
| Mid Level | 2% |
| Senior Level | 4% |
| Top Level | 8% |
| Experienced | 13% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Economics: Economics is a social science that focuses on the production, distribution, and consumption of goods and services, and analyzes the choices that individuals, businesses, governments, and nations make to allocate resources.
Capital Market: Capital markets are financial markets that bring buyers and sellers together to trade stocks, bonds, currencies, and other financial assets. It allows traders to buy and sell stocks and bonds, and enable businesses to raise financial capital to grow.
| Skill | Salary | Demand |
|---|---|---|
|
Service Excellence
|
$567,756 |
44%
|
|
Product Marketing
|
$484,958 |
23%
|
|
Talent Acquisition
|
$453,416 |
15%
|
|
Trading
|
$449,473 |
14%
|
|
Budgeting
|
$441,588 |
12%
|
|
Strategic Planning
|
$437,645 |
11%
|
