Vice President (VP), Engineering Salary
Job Description for Vice President (VP), Engineering
Engineering vice presidents (VPs) have extraordinary computer knowledge in addition to a good sense of business practices and customer service. They are responsible for overseeing the engineering or research and development departments, and they generally report to the president or CEO. Engineering VPs can manage or oversee teams of engineers or developers and the projects and testing with which they are tasked.Read More...
Ultimately, the VPs' goal is to ensure that the engineering portion of their company runs smoothly and meets company standards. On the business and customer service side, engineering VPs are also typically the spokespeople for product management and are often required to work and meet regularly with clients. Although their work is mostly mental, stress and pressure come with the territory, so VPs must be able to cope with both.
These types of responsibilities require heavy education and experience. Most businesses require their engineering VPs to have at least a bachelor’s degree in engineering; in some cases, a master’s degree in business or engineering may be preferred. Beyond this, most companies want at least ten years of successful work experience in the field.
Overall, engineering VPs must have strong and persevering personalities. They can expect long hours and having to work on weekends, especially during times when a new product is ready to be unveiled. For most engineering VPs, travel is almost certainly involved in the job description.
Vice President (VP), Engineering Tasks
- Analyze available technology, market needs and existing resources to determine project feasibility.
- Lead the engineering team, including coaching, allocating resources effectively and reviewing team performance.
- Ensure that the product is fully and correctly defined and documented.
- Coordinate and direct teams to complete projects, including documentation and integration of technical components.
- Guide and approve financial decisions including ordering of materials, expenditures and reporting.
Common Career Paths for Vice President (VP), Engineering
VPs of Engineering' salaries tend to stay somewhat constant even when they advance into higher-level positions like Chief Executive Officer. On average, Chief Executive Officers get paid about the same as VPs of Engineering do. Many VPs of Engineering go on to become Chief Technology Officers or VPs of Computer Software Engineering despite the fact that median compensation in those roles is reportedly $29K lower and $14K lower, respectively.
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Popular Skills for Vice President (VP), Engineering
Survey results imply that VPs of Engineering deploy a deep pool of skills on the job. Most notably, skills in UNIX, Product Development, Leadership, and Software Architecture are correlated to pay that is above average, with boosts between 7 percent and 9 percent. At the other end of the pay range are skills like Network Management / Administration, Operations Management, and SQL. Those proficient in Engineering Design are, more often than not, also skilled in Project Management and Product Development. Most people who know Leadership also know Product Development and Project Management.
Pay by Experience Level for Vice President (VP), Engineering
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many VPs of Engineering, extensive experience does not lead to significantly more money. Someone who has worked for fewer than five years earns around $138K on average. Individuals with five to 10 years of experience don't get much more, though; the average income in this group is $145K. VPs of Engineering see a median salary of $176K after reaching one to two decades on the job. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $188K.
Pay Difference by Location
San Jose offers some of the highest pay in the country for VPs of Engineering, 40 percent above the national average. VPs of Engineering will also find cushy salaries in Philadelphia (+16 percent), New York (+16 percent), San Francisco (+14 percent), and Denver (+14 percent). Those in the field find the lowest salaries in Austin, 10 percent below the national average. Los Angeles and Dallas are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 3 percent lower, respectively.
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Key Stats for Vice President (VP), Engineering
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based on 141 votes.