How much does a Vice President of Research and Development make in Chicago, IL? The average Vice President of Research and Development salary in Chicago, IL is $353,478 as of March 26, 2024, but the range typically falls between $283,731 and $439,547. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Vice President of Research and Development Salary | $220,230 | Chicago,IL | March 26, 2024 |
25th Percentile Vice President of Research and Development Salary | $283,731 | Chicago,IL | March 26, 2024 |
50th Percentile Vice President of Research and Development Salary | $353,478 | Chicago,IL | March 26, 2024 |
75th Percentile Vice President of Research and Development Salary | $439,547 | Chicago,IL | March 26, 2024 |
90th Percentile Vice President of Research and Development Salary | $517,908 | Chicago,IL | March 26, 2024 |
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The Vice President of Research and Development maintains an organization's competitive position and profitability by formulating research and development programs, policies, and procedures. Plans and directs all aspects of an organization's research and development policies, objectives, and initiatives. Being a Vice President of Research and Development may require a master's degree. Investigates and identifies new technologies that align the organization development. In addition, Vice President of Research and Development typically reports to top management. The Vice President of Research and Development manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. (Copyright 2024 Salary.com)
Bachelor's Degree
Master's Degree or MBA
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Research and Development Associate I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Research and Development Associate IV | Experience 7 + | EducationMasters | Salary Compared to This Job |
Job Title Research and Development Director | Experience | EducationAdvanced | Salary Compared to This Job |
Job Title Research and Development Engineer | Experience 4 - 7 | EducationAdvanced | Salary Compared to This Job |
Job Title Research and Development Manager | Experience 5 + | EducationAdvanced | Salary Compared to This Job |
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Vice President of Research and Development Salary in popular cities: Aurora, Rockford, Joliet
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