Senior Vice President (SVP), Operations Salary
Average pay for Senior Vice Presidents of Operations in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($174K). Total incomes of Senior Vice Presidents of Operations incorporate potential for, in a few cases, more than $99K from bonuses and close to $52K from profit sharing; these performance components cause packages to range between $107K and $318K. The most important factor affecting compensation for this group is geography, followed by tenure and the particular employer. Most Senior Vice Presidents of Operations like their work and job satisfaction is high. Male Senior Vice Presidents of Operations are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number.
|Salary||$100,080 - $255,671|
|Bonus||$7,603 - $99,383|
|Profit Sharing||$1,159 - $77,347|
|Total Pay (||$104,992 - $326,142|
Job Description for Senior Vice President (SVP), Operations
Senior vice presidents of operations work underneath the managing president of a business or company; they manage a company’s day-to-day functions using guidance, supervision, and leadership related to operational procedures. The specific tasks of this position vary from company to company, but a senior vice president is generally tasked with ensuring the company's operations are working within the laws and the company’s standards and goals.Read More...
The senior vice president of operations must be versed in the internal goals of the company, including its financial goals and corporate mission. They also help promote cooperation and compromise between the lower-level employees of a company and its president/chief operating officer. The vice president of operations is engaging in supervision, the hiring and firing process, employee reviews and appraisals, and monitoring the organization’s operational success. The senior vice president traditionally answers to a chief executive officer and may directly supervise general manages and general directors in the company to ensure proper employee and customer relations. Most senior vice presidents of operations find themselves overseeing a large portion of any given company's infrastructure.
Senior vice presidents tend to have master’s degrees in their field, or in management, finance, or a related discipline. Most senior vice presidents positions require a minimum 10 years of related experience, and many companies require 15 or more, as well as previous success in high-level management. (Copyright 2017 PayScale.com)
Senior Vice President (SVP), Operations Tasks
- Oversee and manage regional and cross-functional divisions of an organization.
- Oversee accounting and financial analysis, and monitor for profitability and losses.
- Partner with other senior management to discuss strategies, objectives, and obstacles.
- Monitor and strategize to reach annual targets and new markets.
Common Career Paths for Senior Vice President (SVP), Operations
For Senior Vice Presidents of Operations who take on Chief Executive Officer roles, career progression may result in somewhat decreased compensation. On average, the latter position pays $170K. A lot of Senior Vice Presidents of Operations advance their careers by becoming Chief Operating Officers and Presidents. However, those positions offer $60K less and $46K less per year on average.
Senior Vice President (SVP), Operations Job Listings
Popular Employer Salaries for Senior Vice President (SVP), Operations
Senior Vice Presidents of Operations seeking a sizable paycheck can earn the most at Bank of America Corp. (BOFA), where the average salary comes to $210K.
Popular Skills for Senior Vice President (SVP), Operations
Senior Vice Presidents of Operations seem to exploit a large range of skills on the job. Most notably, facility with Supply Chain, Contract Negotiation, and Process Improvement are correlated to pay that is significantly above average, leading to increases of 56 percent, 46 percent, and 13 percent, respectively. Those listing Financial Analysis as a skill should be prepared for drastically lower pay. People Management and Sales Management also typically command lower compensation. The majority of those who know Operations Management also know Leadership and Project Management.
Pay by Experience Level for Senior Vice President (SVP), Operations
Pay by Experience for a Senior Vice President (SVP), Operations has a positive trend. An entry-level Senior Vice President (SVP), Operations with less than 5 years of experience can expect to earn an average total compensation of $130,000 based on 41 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Vice President (SVP), Operations with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $150,000 based on 99 salaries. An experienced Senior Vice President (SVP), Operations which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $198,000 based on 451 salaries. A Senior Vice President (SVP), Operations with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $211,000 based on 549 salaries.
Pay Difference by Location
Home to some of the best pay for Senior Vice Presidents of Operations, Charlotte offers exceptional salaries, 41 percent above the national average. Senior Vice Presidents of Operations will also find cushy salaries in Houston (+28 percent), Los Angeles (+26 percent), Seattle (+21 percent), and Boston (+15 percent). The lowest-paying market is Tampa, which sits 16 percent below the national average. Employers also pay below the national average in Denver (13 percent lower) and Birmingham (12 percent lower).
Related Job Salaries
Key Stats for Senior Vice President (SVP), Operations
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