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Research & Development Management Major

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Research & Development Management

13 Bachelor's Degrees Annually
159 Master's Degrees Annually
#103 in Popularity
$115,590 Median Salary

Types of Degrees Research & Development Management Majors Are Getting

The following table lists how many research and development management graduations there were in 2018-2019 for each degree level.

Education Level Number of Grads
Master’s Degree 159
Graduate Certificate 20
Bachelor’s Degree 13
Associate’s Degree 2

What Research & Development Management Majors Need to Know

In an O*NET survey, research and development management majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Research and Development Management Majors

This major prepares you for careers in which these knowledge areas are important:

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  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Skills for Research and Development Management Majors

research and development management majors are found most commonly in careers in which the following skills are important:

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  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Speaking - Talking to others to convey information effectively.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Abilities for Research and Development Management Majors

As you progress with your research and development management degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:

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  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.

What Can You Do With a Research & Development Management Major?

People with a research and development management degree often go into the following careers:

Job Title Job Growth Rate Median Salary
Clinical Research Coordinators 9.9% $123,860
Compliance Managers 8.0% $107,480
Investment Fund Managers 8.0% $107,480
Loss Prevention Managers 8.0% $107,480
Natural Sciences Managers 9.9% $123,860
Regulatory Affairs Managers 8.0% $107,480
Security Managers 8.0% $107,480
Supply Chain Managers 8.0% $107,480
Water Resource Specialists 9.9% $123,860
Wind Energy Operations Managers 8.0% $107,480
Wind Energy Project Managers 8.0% $107,480

Who Is Getting a Bachelor’s Degree in Research & Development Management?

13 Bachelor's Degrees Annually
77% Percent Women
15% Percent Racial-Ethnic Minorities*
The major attracts more women than men. About 77% of the recent graduates in this field are female.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of research and development management majors is as follows:

Racial-Ethnic Diversity of Research and Development Management Students with Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 2
Black or African American 0
Hispanic or Latino 0
White 7
International Students 3
Other Races/Ethnicities 1

Geographic Diversity

Americans aren’t the only ones with an interest in Research and Development Management. About 23.1% of those with this major are international students.

How Much Do Research & Development Management Majors Make?

Salaries According to BLS

Research and Development Management majors often go into careers where salaries can range from $103,330 to $139,680 (25th to 75th percentile). This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for a Research & Development Management Major  ( 103330 to 139680 )
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some careers associated with research and development management require an advanced degree while some may not even require a bachelor’s. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to research and development management have obtained the following education levels.

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Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 2.5%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 3.1%
Some College Courses 1.3%
Associate’s Degree (or other 2-year degree) 5.4%
Bachelor’s Degree 50.3%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 2.4%
Master’s Degree 21.1%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 0.9%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 0.6%
Doctoral Degree 10.9%
Post-Doctoral Training 1.4%

Online Research & Development Management Programs

In 2018-2019, 24 schools offered a research and development management program of some type. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 0 0
Certificate (1-2 years) 1 0
Certificate (2-4 Years) 0 0
Associate’s Degree 1 1
Bachelor’s Degree 7 5
Post-Baccalaureate 0 0
Master’s Degree 17 7
Post-Master’s 0 0
Doctor’s Degree (Research) 1 0
Doctor’s Degree (Professional Practice) 0 0
Doctor’s Degree (Other) 0 0

Is a Degree in Research & Development Management Worth It?

The median salary for a research and development management grad is $115,590 per year. This is based on the weighted average of the most common careers associated with the major.

This is 190% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,513,800 after 20 years!

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You may also be interested in one of the following majors related to research and development management.

Major Number of Grads
General Business Administration and Management 350,924
Interior Design Management 16,189
Organizational Leadership 12,591
Supply Chain Management 9,732
Operations Management 5,802
Office Administration 5,025
Project Management 3,344
Non-Profit/Public/Organizational Management 3,071
Purchasing, Procurement/Acquisitions and Contracts Management 1,294
Retail Management 833
Transportation/Mobility Management 731
E-Commerce 233
Customer Service Management 184

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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