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Bank Vice President (VP) Salary (United States)

A Bank Vice President (VP) earns an average salary of $72,414 per year. Most people in this job have more than five years' experience in related jobs.
Bank Vice President (VP) Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$49,415 - $119,105
(Median)
49K
60K
72K
100K
120K
MEDIAN: $72,413
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$49,415 - $119,105  
   
Bonus
$487.22 - $24,416  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$49,785 - $136,182  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 64
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Job Description for Bank Vice President (VP)

A Bank Vice President (VP) is responsible for the oversight of other workers, including but not limited to Tellers and managers. The VP is also responsible for ensuring that all bank goals are achieved in areas of sales and service. The VP is actively involved in the sale of new bank products and services. Vice President is involved in the training and support of bank support staff. A Vice President provides coaching to tellers and personal bankers in order to improve customer service within the organization. The VP oversees areas of compliance and security. It is also the job of the VP to create service goals and plans, as well as performance metrics by which progress toward such goals may be measured. The VP accomplishes most of his or her tasks within the physical bank itself, but will at times be required to travel throughout the community in order to take an active role in sales, as well as meeting with regional superiors. A Bachelor’s degree (B.A.) from an accredited four-year university is required for this job, but candidates may be considered who have one to two years of equivalent experience (related to bank management), or an equivalent mix of education and workplace experience. A minimum of three years of bank management experience is required for this position. Other requirements include the demonstrated ability to lead and organize diverse groups of people, as well as strong communication and presentation skills. Bank Vice Presidents typically work business hours during the week, but may also be required to work nights and weekends as the need arises.
Bank Vice President (VP) Tasks
  • Report department activities to upper management, oversight committees, and clients.
  • Develop bank policies and procedures for department under supervision and ensure all policies and regulations are followed.
  • Supervise the managers and staff of a department. oversee projects, and act as a contact point for clients.
  • Establish relationships with clients and identify marketing opportunities.

Bank Vice President (VP) Job Listings

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Experience Affects Bank Vice President (VP) Salaries

Experienced
up arrow 8%
National Average
$76,000
Late-Career
up arrow 5%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 21 votes.

Gender

Female
37%
female alumni
 
Male
63%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
3%
5-9 years
18%
10-19 years
38%
20 years or more
38%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 80%
vision benefits Vision: 64% employee benefits None: 3%