Generous salaries abound for VPs of Information Technology in the United States, with average pay above six figures ($144K) per year. In the world of VPs of Information Technology, overall income ranges from $102K near the bottom to $219K at the top; this can include more than $41K from bonuses and more than $23K from profit sharing in exceptional cases. Compensation for this group is mainly affected by location, but the company and experience level are influential factors as well. Medical benefits are awarded to almost all, and a large number earn dental coverage. The vast majority (88 percent) of VPs of Information Technology who answered the questionnaire are male. Job satisfaction for VPs of Information Technology is high. This overview is based on answers to PayScale's salary questionnaire.
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$97,395 - $192,683
(Median)
$97K
$140K
$190K
MEDIAN: $143,724
10%
50%
90%

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$16.80 - $98.63
(Median)
$17
$52
$99
MEDIAN: $52.00
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$80K$160K$240K
Salary
$97,395 - $192,683  
   
Bonus
$3,994 - $41,473  
Profit Sharing
$989 - $22,992  
Commission
$25,000  
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).
)
$101,548 - $219,125  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,949
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
$16.80 - $98.63  
   
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
$3,994 - $41,473  
   
Commission
$25,000  
Profit Sharing
$989 - $22,992  
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).
)
$101,548 - $219,125  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 11
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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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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 $180K per year. A lot of VPs of Information Technology advance their careers by becoming Chief Information Officers and Chief Technology Officers. However, those positions offer $11K less and $8K less per year on average.

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

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


Well-known firms with a reputation for hiring numerous VPs of Information Technology include J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), Citibank, Morgan Stanley, and The Goldman Sachs Group, Inc. VPs of Information Technology flock to State Street Bank for generous paychecks, where average earnings of $193K lead the pack in compensation. VPs of Information Technology will also find cushy salaries at Barclays Capital Inc (+$184K), The Goldman Sachs Group, Inc. (+$170K), and Blackrock, Inc. (+$164K).

Citigroup, Inc. reports the lowest median salary in the area (it's only $125K) but some workers make up to $174K, indicating a rather large gap in employee earnings. Other low-paying employers include Deutsche Bank at $126K and Bank of America Corp. (BOFA) at $127K, though some VPs of Information Technology there earn up to $170K.

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


VPs of Information Technology seem to exploit a large range of skills on the job. Most notably, skills in Program Management, Strategic Planning, Leadership, and Software Development are correlated to pay that is above average, with boosts between 9 percent and 19 percent. Those listing Network Management / Administration as a skill should be prepared for drastically lower pay. Business Analysis and IT Management also typically command lower compensation. It is often found that people who know Network Management / Administration are also skilled in IT Security & Infrastructure. A tool kit that includes Project Management also typically contains People Management, IT Management, and 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.


For VPs of Information Technology, experience does not seem to be a major factor in determining pay. Large paychecks, which sit comfortably in the six-figure range, are handed out almost immediately; professionals who have less than five years' experience report earning a median of $120K per year. People with 10 to 20 years of experience make an average of about $155K in this role. VPs of Information Technology who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $170K on average.

Pay Difference by Location

National Average: $156,029

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

Home to some of the best pay for VPs of Information Technology, San Jose offers exceptional salaries, 47 percent above the national average. VPs of Information Technology will also find cushy salaries in Washington (+21 percent), Atlanta (+20 percent), Boston (+18 percent), and San Francisco (+16 percent). Place of residence plays a huge part in a VP of Information Technology's salary, with Tampa VPs of Information Technology earning salaries that are 21 percent less than the national average. Below-median salaries also turn up in Charlotte and Jersey City (12 percent lower and 3 percent lower, 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 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.

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



National Average
$156,000


Entry-Level
up arrow 23%

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

Program Management
up arrow 19%

Strategic Planning
up arrow 17%

Leadership
up arrow 9%

Software Development
up arrow 7%

People Management
up arrow 2%

Operations Management
up arrow 1%

C#
0%

National Average
$156,000

IT Security & Infrastructure
up arrow 1%

Strategic Project Management
up arrow 4%

up arrow 7%

SQL
up arrow 8%


IT Management
up arrow 12%


Network Management / Administration
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 218 votes.

Gender

Female
12 %
Male
88 %

Years of Experience

Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
46%
20 years or more
44%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
medical benefits
Vision: 75%
dental benefits
None: 5%
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