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

VPs of Information Technology enjoy a hefty income, with average pay passing six figures ($139K) annually in the United States. In the world of VPs of Information Technology, overall income ranges from $96K near the bottom to $209K at the top; this can include more than $41K from bonuses and more than $21K from profit sharing in exceptional cases. The specific employer is the biggest factor affecting pay for this group, followed by geography and tenure. Work is enjoyable for VPs of Information Technology, who typically claim high levels of job satisfaction. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$90,868 - $181,930
(Median)
$91K
$140K
$180K
MEDIAN: $138,556
10%
50%
90%

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$19.62 - $98.63
(Median)
$20
$68
$99
MEDIAN: $67.00
10%
50%
90%

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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$70K$140K$210K
Salary
$90,868 - $181,930  
   
Bonus
$2,935 - $40,873  
Profit Sharing
$1,008 - $20,973  
Commission
$15,000  
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).
)
$95,552 - $208,863  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,866
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
$19.62 - $98.63  
   
Overtime
$24.00  
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
$2,935 - $40,873  
   
Commission
$15,000  
Profit Sharing
$1,008 - $20,973  
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).
)
$95,552 - $208,863  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 18
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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

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

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


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Although it's unusual, some VPs of Information Technology transition into jobs as Senior Vice Presidents of Operations. The latter group reports earning a slightly lower median of $179K per year, though. VPs of Information Technology most frequently become Chief Information Officers and Chief Technology Officers even though median compensation is $6K lower and $4K lower, respectively.

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

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


J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), Citibank, Morgan Stanley, and The Goldman Sachs Group, Inc. are some prominent firms with considerable interest in employing a large team of VPs of Information Technology. State Street Bank attracts talent by shelling out the biggest paychecks in the area — the median in that office is $193K. Those in search of high salaries should also consider Barclays Capital Inc, Deutsche Bank, and Blackrock, Inc., top-paying firms where VPs of Information Technology rake in a massive $184K, $164K, or $164K, respectively.

Employees at Citigroup, Inc. take home the smallest paychecks, and $131K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $94K and quickly nearing the top at only $162K. Citibank, The Bank of New York Mellon Corporation (BNY Mellon), and Bank of America Corp. (BOFA) also rank near the bottom for pay, handing out $135K, $136K, and $142K-paychecks on average.

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


Survey results imply that VPs of Information Technology deploy a substantial tool kit of skills at work. Most notably, skills in Strategic Planning, Leadership, Software Architecture, and People Management are correlated to pay that is above average, with boosts between 10 percent and 17 percent. Those listing Network Management / Administration as a skill should be prepared for drastically lower pay. Microsoft Office and SQL also typically command lower compensation. Those educated in Network Management / Administration tend to be well versed in IT Security & Infrastructure.

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

Median of all compensation (including tips, bonus, and overtime) by years of experience.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Salaries for the relatively untried average out to around $110K, but survey participants with five to 10 years of experience earn a significantly higher median of $134K. VPs of Information Technology see a median salary of $152K after reaching one to two decades on the job. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $165K.

Pay Difference by Location

National Average: $151,190

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

For those looking to make money, VPs of Information Technology in San Jose enjoy an exceptional pay rate, 24 percent above the national average. VPs of Information Technology can also look forward to large paychecks in cities like San Francisco (+18 percent), Chicago (+15 percent), Boston (+11 percent), and Atlanta (+11 percent). Tampa ranks last in the field for pay, reporting salaries 16 percent below the national average. Workers in Charlotte and Cincinnati earn salaries that trail the national average for those in this profession (16 percent less and 9 percent less, respectively).

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

What do you wish you knew about your job when you first started out?

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.

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



National Average
$151,000


Entry-Level
up arrow 27%

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

Strategic Planning
up arrow 17%

Leadership
up arrow 15%

Software Architecture
up arrow 10%


Software Development
up arrow 4%

Budget Management
up arrow 3%

Java
up arrow 1%

National Average
$151,000

IT Security & Infrastructure
up arrow 1%

Operations Management
up arrow 1%

IT Management
up arrow 5%

UNIX
up arrow 5%


SQL
up arrow 12%

Microsoft Office
up arrow 21%

Network Management / Administration
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 455 votes.

Gender

Female
10 %
Male
90 %

Years of Experience

Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
49%
20 years or more
40%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 84%
medical benefits
Vision: 73%
dental benefits
None: 6%
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