Vice President (VP), Information Technology (IT) Salary

Six-figure salaries are the norm for VPs of Information Technology in the United States, with median pay hovering around $144K per year. Total cash earnings of VPs of Information Technology range from $102K on the low end to $222K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $44K and $25K, respectively. The most important factor affecting compensation for this group is residence, followed by the specific employer and years of experience. Men account for the majority of VPs of Information Technology who responded to the questionnaire — 86 percent to be exact. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most workers in this position report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
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$97,648 - $193,885
$98K
$140K
$190K
MEDIAN: $144,437
10%
50%
90%

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$29.50 - $90.00
$50
MEDIAN: $49.91
50%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$80K$160K$240K
Salary
$97,648 - $193,885  
   
Bonus
$3,989 - $43,694  
Profit Sharing
$1,026 - $25,050  
Commission
$10,000  
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).
)
$101,678 - $222,154  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,843
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$49.91  
   
Overtime
$49.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$3,989 - $43,694  
   
Commission
$10,000  
Profit Sharing
$1,026 - $25,050  
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).
)
$101,678 - $222,154  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 9

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United States (change)

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Job Description for Vice President (VP), Information Technology (IT)

The vice president of information technology (IT) is a high-level position that oversees an organization's technology initiatives, as well as IT changes and updates to all projects. The vice president assesses IT systems and makes decisions on investments and implementation of future technology. They must achieve IT department goals within the context of the organization's vision and values. They also help develop policies, standards, and objectives, in addition to participating in training sessions and helping recruit new talent. One of the most important functions of this position is the helping create budgets and authorize purchases, with help from other executives and managers. Most vice presidents of IT work in an office setting during regular business hours, although overtime may be required, particularly for projects on deadline.

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Vice President (VP), Information Technology (IT) Tasks

  • Identify and propose new information technologies and systems to improve business processes and decision making.
  • Establish the strategic direction of the Company's information systems as well as executing the strategy.

Common Career Paths for Vice President (VP), Information Technology (IT)


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VPs of Information Technology who transition into new roles such as Senior Vice President of Operations may see a slight upturn in salary. The average Senior Vice President of Operations earns $182K per year. VPs of Information Technology most frequently become Chief Information Officers and Chief Technology Officers even though median compensation is $10K lower and $8K lower, respectively.

Vice President (VP), Information Technology (IT) Job Listings

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Popular Employer Salaries for Vice President (VP), Information Technology (IT)


Dominating the field, J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), Morgan Stanley, Citibank, and The Goldman Sachs Group, Inc. are top firms with a reputation for hiring a great number of VPs of Information Technology. Those at State Street Bank can expect to make the most, with the company offering a median salary of $193K. Other leaders in compensation levels are Barclays Capital Inc at $184K, The Goldman Sachs Group, Inc. at $167K, and Blackrock, Inc., where VPs of Information Technology annually earn $164K.

Also approaching the lower end are The Bank of New York Mellon Corporation (BNY Mellon) at $123K, Credit Suisse at $123K, and Deutsche Bank at $127K.

Popular Skills for Vice President (VP), Information Technology (IT)


Survey participants wield an impressively varied skill set on the job. Most notably, facility with Program Management, Leadership, and Software Architecture are correlated to pay that is significantly above average, leading to increases of 22 percent, 11 percent, and 10 percent, respectively. Those listing Network Management / Administration as a skill should be prepared for drastically lower pay. SQL and IT Management also typically command lower compensation. A tool kit that includes Project Management also typically contains People Management, IT Management, and IT Security & Infrastructure. Those familiar with Network Management / Administration also tend to know IT Security & Infrastructure.

Pay by Experience Level for Vice President (VP), Information Technology (IT)

Pay by Experience for a Vice President (VP), Information Technology (IT) has a positive trend. An entry-level Vice President (VP), Information Technology (IT) with less than 5 years of experience can expect to earn an average total compensation of $118,000 based on 80 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Information Technology (IT) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $134,000 based on 306 salaries. An experienced Vice President (VP), Information Technology (IT) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $156,000 based on 1,191 salaries. A Vice President (VP), Information Technology (IT) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $172,000 based on 830 salaries.

Pay Difference by Location

National Average: $156,476

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for VPs of Information Technology, Washington offers exceptional salaries, 29 percent above the national average. VPs of Information Technology can also look forward to large paychecks in cities like San Francisco (+24 percent), Atlanta (+22 percent), Boston (+20 percent), and Denver (+13 percent). The lowest-paying market is Tampa, which sits 21 percent below the national average, proving that location is a significant contributor to overall pay. Below-median salaries also turn up in Columbus and Charlotte (17 percent lower and 7 percent lower, respectively).

Vice President (VP), Information Technology (IT) Advice

Q: What is it like working as a Vice President (VP), Information Technology (IT)?

Vice President (VP), Information Technology (IT) in Taunton:
"Everyone is micromanaged!"
Be sure that you understand you are not a going to be making many decisions. The majority owner requires approval for just about everything. No your role before you start.

Vice President (VP), Information Technology (IT) in Brookfield:
"People first."
Communication is the key leadership element that allows businesses to thrive, and understanding, appreciating and allowing for the different styles and needs of people can create an environment where trust and a belief in a shared purpose make communication flow throughout an organization.

Vice President (VP), Information Technology (IT) in Salt Lake City:
"Security matters."
Always take the time and money to accurately and completely assess the security profile of your IT systems and software. Once you've had a breach, it's too late to catch up. If you get hit midway through your assessment, at least you'll have your policies and procedures in place to deal with it.

Related Job Salaries

Key Stats for Vice President (VP), Information Technology (IT)

Gender

Female
14 %
Male
86 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 207 votes.
Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
45%
20 years or more
45%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Information Technology (IT) Salaries

▲10%

▼0%

National Average
$156,000

▼14%

Entry-Level
▼24%

Skills That Affect Vice President (VP), Information Technology (IT) Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 207 votes.

Gender

Female
14 %
Male
86 %

Years of Experience

Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
45%
20 years or more
45%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
vision benefits
Vision: 76%
no benefits
None: 5%
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