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

Generous salaries abound for VPs of Information Technology in the United States, with average pay above six figures ($146K) per year. Including potential for bonuses and profit sharing — peaking near $44K and $27K, respectively — total cash payment to VPs of Information Technology can bottom out near $102K or peak near $224K depending on individual performance. The most influential factor affecting pay for this group is geography, though the specific employer and years of experience have a (lesser) impact as well. The vast majority (85 percent) of VPs of Information Technology who answered the questionnaire are male. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Most VPs of Information Technology like their work and job satisfaction is high. The information for this snapshot was generated by responses to the PayScale salary survey.
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$98,118 - $195,097
$98K
$150K
$200K
MEDIAN: $145,663
10%
50%
90%

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$16.49 - $96.96
$16
$50
$97
MEDIAN: $49.96
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
$98,118 - $195,097  
   
Bonus
$4,103 - $44,092  
Profit Sharing
$1,391 - $26,864  
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).
)
$102,128 - $223,601  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 1,939
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
$16.49 - $96.96  
   
Overtime
$35.52  
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
$4,103 - $44,092  
   
Commission
$10,000  
Profit Sharing
$1,391 - $26,864  
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).
)
$102,128 - $223,601  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 13

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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 become Senior Vice Presidents of Operations may see a small rise in pay. On average, Senior Vice Presidents of Operations earn $182K per year. Many VPs of Information Technology go on to become Chief Information Officers or Chief Technology Officers despite the fact that median compensation in those roles is reportedly $12K lower and $10K 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), Morgan Stanley, Citibank, and The Goldman Sachs Group, Inc. are leaders in the field that employ a large number of VPs of Information Technology. State Street Bank offers the largest salaries in town — $193K on average. Soaring salaries can also be found at Barclays Capital Inc, The Goldman Sachs Group, Inc., and Blackrock, Inc., where earnings of $184K, $167K, or $164K are standard for VPs of Information Technology.

A few other companies with smaller-than-average paychecks include The Bank of New York Mellon Corporation (BNY Mellon) ($123K), Credit Suisse ($123K), and Deutsche Bank ($127K).

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


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Program Management, Leadership, and Software Architecture are correlated to pay that is significantly above average, leading to increases of 20 percent, 9 percent, and 8 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. It is often found that people who know Network Management / Administration are also skilled in IT Security & Infrastructure. People who know Project Management usually 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: $158,553

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

VPs of Information Technology will find that Washington offers an impressive pay rate, one which exceeds the national average by 27 percent. 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). Location significantly influences compensation, with Tampa VPs of Information Technology earning much less — 22 percent less — than the national average. Employers also pay below the national average in Columbus (18 percent lower) and Charlotte (8 percent lower).

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
15 %
Male
85 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 232 votes.
Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
44%
20 years or more
45%
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Location:
Years in Fields/Career:
United States (change)

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

▲9%

National Average
$159,000

▼2%

▼15%

Entry-Level
▼25%

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

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 232 votes.

Gender

Female
15 %
Male
85 %

Years of Experience

Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
44%
20 years or more
45%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
vision benefits
Vision: 77%
no benefits
None: 6%
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