Regional Vice President (RVP), Operations Salary
Average pay for Regional Vice Presidents of Operations in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($140K). Including potential for bonuses and profit sharing — peaking near $52K and $26K, respectively — total cash payment to Regional Vice Presidents of Operations can bottom out near $105K or peak near $228K depending on individual performance. Geography and experience level each impact pay for this group, with the former having the largest influence. Most Regional Vice Presidents of Operations survey respondents are men (77 percent). Medical benefits are awarded to almost all, and a large number earn dental coverage. The majority of Regional Vice Presidents of Operations claim high levels of job satisfaction.
Job Description for Regional Vice President (RVP), Operations
Regional vice president (RVP) of operations positions are available in many industries and corporations, but a high concentration of these jobs are found in the healthcare industry. This executive's exact duties are highly dependent on the specific industry in which they work and its products or services. However, they generally work underneath the assistant vice president (AVP) to establish standards, policies, and procedures for budgets and business plans. This is communicated to employees, as well as specific plans for marketing and sales; additionally, the RVP of operations must work with employees to maximize organizational efficiency. Daily duties performed by the RVP of operations include generating census reports and tracking goals and performance variables, and meeting with employees and supervisors.Read More...
RVPs of operations generally work indoors during regular business hours, although overtime may occasionally be required depending on the needs of the organization. Some teleconferencing and/or travel to remote locations may be necessary. RVPs of operations work in close communication with other executives and lower-level employees. They may use some specific software for tracking organizational goals, and basic computer proficiency is often needed.
To qualify for RVP of operations positions, extensive work experience - including within the industry's field - is generally required; this usually includes a minimum of five years in management or administrative roles, and it may require a specialized work history. Educational requirements usually include at least a bachelor’s degree in a related field such as business administration, but more advanced degrees often receive preference. Other industry-related requirements may be necessary as well.
Regional Vice President (RVP), Operations Tasks
- Enforce standards and regulations for all sites, staff, and contractors in the region.
- Monitor budgets, profit, and loss, and alter strategies according to circumstances.
- Oversee all regional projects, including staff and client relations.
- Create and communicate organization vision and product/service offerings internally and externally.
Common Career Paths for Regional Vice President (RVP), Operations
Though it's uncommon, some Regional Vice Presidents of Operations move into roles as Senior Vice Presidents of Operations, where they can earn incomes averaing out to a slightly higher $181K per year. Many Regional Vice Presidents of Operations go on to become VPs of Operations or Presidents despite the fact that median compensation in those roles is reportedly $36K lower and $6K lower, respectively.
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Popular Skills for Regional Vice President (RVP), Operations
Survey results imply that Regional Vice Presidents of Operations put a diverse skill set to use. Most notably, skills in Strategic Planning, Business Development, Customer Relationship Management, and Operations Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Profit & Loss Statements, Sales Management, and People Management. Most people familiar with Business Development also know Organizational Development.
Pay by Experience Level for Regional Vice President (RVP), Operations
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Substantial, six-figure paychecks show up early in this area; folks who have worked for fewer than five years report earning a median of $147K. The average pay reported by folks with 10 to 20 years of experience is around $156K. Average wages for folks with more than 20 years of experience come out to around $163K.
Pay Difference by Location
Regional Vice Presidents of Operations will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 20 percent. Regional Vice Presidents of Operations will also find cushy salaries in Denver (+16 percent), Orlando (+11 percent), Chicago (+10 percent), and New York (+7 percent). The lowest-paying market is San Diego, which sits 26 percent below the national average, proving that location is a significant contributor to overall pay. Employers in Washington and Jacksonville also lean toward paying below-median salaries (18 percent lower and 16 percent lower, respectively).
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