As of November 01, 2025, the average salary for an SVP of Research & Development in Illinois is $337,186 per year, which breaks down to an hourly rate of $162.
However, an SVP of Research & Development's salary can vary significantly. Here’s a look at the typical salary range:
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SVP of Research & Development Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $354,795 | $29,566 | $6,823 | $171 |
| Average | $337,186 | $28,099 | $6,484 | $162 |
| 25th Percentile | $313,954 | $26,163 | $6,038 | $151 |
Rush University Medical Center - Chicago, IL
Flores Financial Services - Chicago, IL
Ortho Molecular Products - Barrington, IL
Kensington Additive - Chicago, IL
An SVP of Research & Development's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of an SVP of Research & Development's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level SVP of Research & Development | $321,959 |
| Intermediate Level SVP of Research & Development | $324,143 |
| Senior Level SVP of Research & Development | $327,054 |
| Specialist Level SVP of Research & Development | $331,422 |
| Expert Level SVP of Research & Development | $336,881 |
What Am I Worth?
Salaries can also vary between different cities, even within the same state. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different Illinois cities:
Understanding how an SVP of Research & Development's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $354,795 | $29,566 | $6,823 | $171 |
| Average | $337,186 | $28,099 | $6,484 | $162 |
| 25th Percentile | $313,954 | $26,163 | $6,038 | $151 |
Ready to take the next step in your career? Browse thousands of current SVP of Research & Development job openings on our job board. Use the search bar below to find your perfect match.
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