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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 2019-2020 for each degree level.

Education Level Number of Grads
Master’s Degree 162
Graduate Certificate 21
Associate Degree 13
Bachelor’s Degree 8
Undergraduate Certificate 1
Basic Certificate 1

What Research & Development Management Majors Need to Know

People with careers related to research and development management were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Research and Development Management Majors

Research and Development Management majors often go into careers in which the following 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

When studying research and development management, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

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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 a research and development management major, you will find yourself needing the following abilities:

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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?

8 Bachelor's Degrees Annually
38% Percent Women
13% Percent Racial-Ethnic Minorities*
This major attracts more men than women. About 63% of the graduates in this field are male.

Racial-Ethnic Diversity

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

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Race/Ethnicity Number of Grads
Asian 0
Black or African American 0
Hispanic or Latino 1
White 7
International Students 0
Other Races/Ethnicities 0

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 the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

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 )
0K
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 degrees associated with research and development management may require an advanced degree, while others may not even require a bachelor’s in the field. 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.

Find out what the typical degree level is for research and development management careers below.

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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 2019-2020, 27 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 2 1
Bachelor’s Degree 8 5
Post-Baccalaureate 0 0
Master’s Degree 18 6
Post-Master’s 0 0
Doctor’s Degree (Research) 0 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 343,202
Interior Design Management 15,201
Organizational Leadership 12,896
Supply Chain Management 9,941
Operations Management 8,397
Office Administration 4,447
Project Management 3,713
Non-Profit/Public/Organizational Management 2,905
Purchasing, Procurement/Acquisitions and Contracts Management 1,097
Retail Management 943
Transportation/Mobility Management 658
Risk Management 432
Science/Technology Management 256
E-Commerce 246
Customer Service Management 194

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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