A Research Manager is the professional who oversees the process of performing investigations to produce useful data to assist in the development of a product or service. Tasks that a Research Manager may supervise include the collection of data, drafting of reports and making specific recommendations based on the results of research. How the data is collected may differ from job to job. Common strategies include field studies, clinical trials and surveys. The manager usually supervises teams of researchers working towards a common goal.
Research Manager Education Requirements
The requirements for being a Research Manager tend to differ from company to company, but a college degree is usually required. In many cases, a master's degree, typically in fields like business administration, may be required in addition to a bachelor's degree. A degree relating to the industry in question may also be asked for such as a biochemistry degree for work with pharmaceutical companies. Prior experience in research and development departments is also something usually expected for Research Manager. Overall, a Research Manager should have excellent communication and organizational skills as well as the scientific knowledge to perform the research required.
Research Manager Job Market
The job prospects for research manager positions are tied to the specific industries and fields they exist in. Recent studies have suggested that those performing research and development as Biochemists for pharmaceutical companies are likely to find nearly 19 percent growth in their field over the next 10 years. However, other fields may not fare as well. Government spending on research and development has fallen in recent years and remains on a downward trend. Two careers that should experience similar job market growth are Research and Development Directors and Research and Development Analytical Managers.
Research Manager Salary
The median income for Research Managers nationally is $69,000 a year. However, this can differ significantly between positions in different industries and different geographical locations. On the low end of the scale, Research Managers make $49,000 a year. On the high end, Research Managers may make up to $100,000 annually.