As of January 01, 2025, the average annual salary for a Vice President of Research and Development in Duluth, MN is $331,241. According to Salary.com, salaries can range from a low of $212,276 to a high of $482,942, with most professionals earning between $268,970 and $410,647.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $410,647 | $34,221 | $7,897 | $197 |
| Average | $331,241 | $27,603 | $6,370 | $159 |
| 25th Percentile | $268,970 | $22,414 | $5,173 | $129 |
An entry-level Vice President of Research and Development with under 1 year experience makes about $290,898. With less than 2 years of experience, a mid-level Vice President of Research and Development makes around $296,432. After 2-4 years, the Vice President of Research and Development pay rises to about $303,811. Those senior Vice President of Research and Development with 5-8 years of experience earn roughly $314,879, and those Vice President of Research and Development having 8 years or more experience are expected to earn about $328,714 on average.
| Levels | Salary |
|---|---|
| Entry Level Vice President of Research and Development | $290,898 |
| Intermediate Level Vice President of Research and Development | $296,432 |
| Senior Level Vice President of Research and Development | $303,811 |
| Specialist Level Vice President of Research and Development | $314,879 |
| Expert Level Vice President of Research and Development | $328,714 |
| Entry Level | 12% |
| Mid Level | 11% |
| Senior Level | 8% |
| Top Level | 5% |
| Experienced | 1% |
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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
|
$476,987 |
44%
|
|
Product Marketing
|
$407,426 |
23%
|
|
Talent Acquisition
|
$380,927 |
15%
|
|
Trading
|
$377,615 |
14%
|
|
Budgeting
|
$370,990 |
12%
|
|
Strategic Planning
|
$367,678 |
11%
|
