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

Wages for VPs of Information Technology in the United States are generous, with average pay above six figures ($146K) per year. Cash earnings for VPs of Information Technology — which occasionally include more than $45K from bonuses and more than $27K from profit sharing — stretch from around $102K to approximately $225K. The most influential factor affecting pay for this group is residence, though the specific employer and experience level have a (lesser) impact as well. Male VPs of Information Technology far outnumber their female contemporaries among those who completed the questionnaire. Nearly all report receiving medical coverage from their employers and most collect dental insurance. The majority of workers are highly satisfied with their job. This snapshot results from replies to PayScale's salary survey.
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$98,148 - $195,965
$98K
$150K
$200K
MEDIAN: $146,204
10%
50%
90%

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$16.49 - $96.96
$16
$50
$97
MEDIAN: $49.96
10%
50%
90%

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$0$224K
Salary $98,148 - $195,965
Bonus $4,160 - $45,446
Profit Sharing $1,515 - $27,346
Commission $10,174
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).
)
$102,108 - $224,520
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 1,917
Hourly Data $0$96
Hourly Rate $16.49 - $96.96
Overtime $35.52
Annual Data $0$224K
Bonus $4,160 - $45,446
Commission $10,174
Profit Sharing $1,515 - $27,346
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).
)
$102,108 - $224,520
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 13

Find Out Exactly What You Should Be Paid

United States (change)

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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At the upper end, VPs of Information Technology who move into a Senior Vice President of Operations role may earn a little more as the latter position has a median salary of $182K per year. VPs of Information Technology most often move into positions as Chief Information Officers or Chief Technology Officers. Chief Information Officers actually earn $13K less on average, however, and Chief Technology Officers earn $11K less per year than VPs of Information Technology do.

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

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


Leading companies who hire large numbers of VPs of Information Technology include J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), Morgan Stanley, Citibank, and The Goldman Sachs Group, Inc. For VPs of Information Technology, comfortable salaries can be found at State Street Bank; in fact, median earnings sit around $193K, the highest in the area. Those in search of high salaries should also consider Barclays Capital Inc, The Goldman Sachs Group, Inc., and Blackrock, Inc., top-paying firms where VPs of Information Technology rake in a massive $184K, $167K, or $164K, respectively.

The Bank of New York Mellon Corporation (BNY Mellon), Credit Suisse, and Deutsche Bank also scrape the bottom of the pay scale, with median earnings hovering around $123K, $123K, and $127K.

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


VPs of Information Technology seem to require a rather large skill set. Most notably, skills in Program Management, Leadership, Software Architecture, and Software Development are correlated to pay that is above average, with boosts between 8 percent and 20 percent. Those listing Network Management / Administration as a skill should be prepared for drastically lower pay. SQL and IT Management also typically command lower compensation. For most people, competency in Network Management / Administration indicates knowledge of IT Security & Infrastructure. The majority of those who know Project Management also know People Management, IT Management, and 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: $159,015

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

Washington is home to an above-average pay rate for VPs of Information Technology, 27 percent higher than the national average. VPs of Information Technology can also look forward to large paychecks in cities like San Francisco (+22 percent), Atlanta (+20 percent), Boston (+18 percent), and Denver (+12 percent). One of the biggest compensable factors for VPs of Information Technology is geography, with workers in Tampa earning a whopping 23 percent below the national average. Employers in Columbus and Charlotte also lean toward paying below-median salaries (18 percent lower and 9 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 Baltimore:
"Drive shareholder value in everything you do."

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 244 votes.
Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
43%
20 years or more
46%
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Location:
Years in Fields/Career:
United States (change)

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

▲8%

National Average
$159,000

▼2%

▼15%

Entry-Level
▼26%

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

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 244 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
43%
20 years or more
46%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 85%
vision benefits
Vision: 77%
no benefits
None: 6%
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