Divisional Vice President, General Manager Salary
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|Salary||$76,825 - $208,939|
|Bonus||$4,896 - $79,594|
|Profit Sharing||$0.00 - $50,335|
|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).)
|$78,683 - $270,769|
Job Description for Divisional Vice President, General Manager
The divisional vice president/general manager must ensure all of the division's employees are working safely and efficiently. If changes in procedures are needed, these vice presidents must suggest these changes to the board of directors and oversee their development and implementation. These individuals also create and enforce quarterly objectives for their division, as well as coordinate with other divisions' leaders to ensure overall organizational goals are being met in an efficient, cost-effective manner.Read More...
The divisional vice president/general manager is also in charge of the direct hiring and firing for managers under their supervision; they must also provide guidance, instruction, and disciplinary action as needed for these subordinates. This position also includes providing overall divisional guidance to help maintain profits and minimize all risks. At times, these vice presidents may need to travel for reasons such as visiting clients' headquarters to meet with company management. This position also requires regular reports in the areas of credit, strategic planning, and credit risk. The divisional vice president/general manager is also required to determine if problematic situations can be solved in-house or if a third party is needed.
This position also requires the ability to build and manage small teams of upper management to provide in-depth reports and hands-on solutions for any of the problems that might be faced in that division. After the teams report, it is necessary for the divisional vice president/general manager to report results to the board of directors.
Requirements for this position vary depending on the needs of the company, its size, and the industry in which it operates. Generally, previous experience - including in a leadership capacity - is necessary.
Divisional Vice President, General Manager Tasks
- Provide extensive leadership and strategy development for the division.
- Identify, evaluate, and utilize new areas for financial growth.
- Determine quarterly goals and oversee the development of a marketing program.
- Evaluate the current operational infrastructure and optimize performance.
Common Career Paths for Divisional Vice President, General Manager
As Divisional VPs of General Managers make advancements in their career path, their salaries may not change right away. For example, the higher-level Chief Executive Officer position pays around the same amount as the Divisional Vice President of General Managers job on average. Many Divisional VPs of General Managers advance into roles as Presidents or Chief Operating Officers, but the median salaries are $7K lower and $21K lower, respectively.
Divisional Vice President, General Manager Job Listings
Pay by Experience Level for Divisional Vice President, General Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Divisional VPs of General Managers generally obtain higher compensation for more plentiful past experience. Large paychecks, which sit comfortably in the six-figure range, are handed out almost immediately; professionals who have less than five years' experience report earning a median of $105K per year. Divisional VPs of General Managers claiming one to two decades of experience make an estimated median of $160K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $178K.
Pay Difference by Location
Home to some of the best pay for Divisional VPs of General Managers, Chicago offers exceptional salaries, 65 percent above the national average. Divisional VPs of General Managers will also find cushy salaries in Washington (+41 percent), Houston (+27 percent), Atlanta (+25 percent), and New York (+23 percent). Falling short of the national average by 15 percent, the area with the worst salaries is Raleigh.
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Key Stats for Divisional Vice President, General Manager
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