Executive Vice President (EVP) of Worldwide Operations Salary
The average Executive Vice President of Worldwide Operations in the United States can expect to rake in roughly $187K per year. Total cash compensation to Executive VPs of Worldwide Operations approaches anywhere from $133K on the lower end to $356K on the higher end; in exceptional cases, this can include more than $111K from bonuses and upwards of $101K from profit sharing. Location and experience level each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men account for the majority of Executive VPs of Worldwide Operations who responded to the questionnaire — 69 percent to be exact. This report is based on responses to the PayScale salary survey.
Job Description for Executive Vice President (EVP) of Worldwide Operations
Executive vice presidents (EVPs) of worldwide operations are responsible for effectively managing worldwide operations in their company. They are in charge of coordinating efforts to fulfill all operation requirements around the globe. Executive vice presidents of worldwide operations must communicate with the operations team and delegate tasks. Executive vice presidents of worldwide operations plan and organize operational activities while following all company procedures, as well as take part in creating and approving budget, and schedule plans.Read More...
Some of the executive vice president's main functions include managing inventory, performing purchasing, and approving transportation methods and costs. They present their progress through reports presented to upper management during business meetings. These executives review and oversee customer support efforts, as well as transportation and logistics tasks. Executive vice presidents of worldwide operations coordinate with offices all over the world to facilitate logistics and oversee contract fulfillment. They also perform operational reviews to suggest improvements for future operations, develop short- and long-term goals based on operational policy, and use a personal computer to track worldwide operation progress.
A bachelor's degree in supply chain management, logistics, business, or a related field is required in this position. In addition, previous experience in a worldwide operations capacity is necessary. Leadership certifications may be Executive vice presidents of worldwide operations must have strong leadership skills to motivate a group of professionals to reach all company objective in a timely manner. They should be organized individuals that pay close attention to detail and are capable of working in a fast-paced environment that requires multitasking on a regular basis.
Executive Vice President (EVP) of Worldwide Operations Tasks
- Appoint, direct and coordinate department heads.
- Analyze operations and staffing to meet ongoing and emergent needs in concert with the Board or Executive team.
- Oversee global teams to meet operational goals and objectives.
- Shape and enforce organization policies, standards and budgets.
Common Career Paths for Executive Vice President (EVP) of Worldwide Operations
Executive VPs of Worldwide Operations who advance into a position like President and COO may end up working for a little less. On average, Presidents and COOs take home $178K annually. Many Executive VPs of Worldwide Operations choose to become Chief Executive Officers and Presidents as their careers advance. However, folks in those positions report median salaries of $40K less and $57K less, respectively.
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Popular Skills for Executive Vice President (EVP) of Worldwide Operations
Executive VPs of Worldwide Operations generally report applying a varied skill set to their work. Most notably, facility with Strategic Planning, Project Management, and Operations Management are correlated to pay that is significantly above average, leading to increases of 54 percent, 5 percent, and 3 percent, respectively. Skills that pay less than market rate include Microsoft Office and IT Management. Those proficient in Operations Management are, more often than not, also skilled in Business Development.
Pay by Experience Level for Executive Vice President (EVP) of Worldwide Operations
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The average inexperienced worker earns $177K. It's worth noting that someone who has worked for five to 10 years can expect a smaller median salary of $171K. On average, Executive VPs of Worldwide Operations make $192K following one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $242K on average.
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