Wages for VPs of Information Technology in the United States are generous, with average pay above six figures ($145K) per year. Cash earnings for VPs of Information Technology — including $42K in bonuses and $25K in profit sharing proceeds near the top of the pay scale — generally stretch from $102K to $221K depending on individual performance. While the company and experience level impact pay for this group, location is the most influential factor. Medical benefits are awarded to almost all, and a large number earn dental coverage. Among survey respondents, men are more common than women; 87 percent of VPs of Information Technology are male. The majority of VPs of Information Technology claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$98,127 - $193,664
$98K
$140K
$190K
MEDIAN: $144,549
10%
50%
90%

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$16.11 - $99.33
$16
$51
$99
MEDIAN: $50.98
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
$98,127 - $193,664  
   
Bonus
$4,083 - $42,314  
Profit Sharing
$1,016 - $24,694  
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).
)
$102,161 - $221,330  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,947
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
$16.11 - $99.33  
   
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
$4,083 - $42,314  
   
Commission
$10,000  
Profit Sharing
$1,016 - $24,694  
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).
)
$102,161 - $221,330  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 10

Find Out Exactly What You Should Be Paid

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 position may earn slightly higher salaries. The median income for that position is $181K 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)


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. VPs of Information Technology flock to State Street Bank for generous paychecks, where average earnings of $193K lead the pack in compensation. 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, $166K, or $164K, respectively.

Also sliding in at the lower end of the scale are Citigroup, Inc. ($125K), Deutsche Bank ($126K), and Citibank ($132K).

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


Survey takers working as VPs of Information Technology report using a large range of professional skills. Most notably, facility with Program Management, Strategic Planning, and Leadership are correlated to pay that is significantly above average, leading to increases of 21 percent, 12 percent, and 9 percent, respectively. Those listing Network Management / Administration as a skill should be prepared for drastically lower pay. Java and SQL also typically command lower compensation. Most people experienced in Network Management / Administration also know 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)

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


VPs of Information Technology with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $120K per year. VPs of Information Technology claiming one to two decades of experience make an estimated median of $156K. People who have worked for more than 20 years report a median income of $171K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $156,577

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

With a pay rate for VPs of Information Technology that is 26 percent greater than the national average, Washington offers a comfortable salary for those in this profession. VPs of Information Technology will also find cushy salaries in San Francisco (+25 percent), Atlanta (+20 percent), Boston (+18 percent), and Chicago (+11 percent). One of the biggest compensable factors for VPs of Information Technology is geography, with workers in Tampa earning a whopping 22 percent below the national average. Employers in Columbus and Charlotte also lean toward paying below-median salaries (21 percent lower and 12 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
13 %
Male
87 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 222 votes.
045
Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
46%
20 years or more
44%
Location:
Years in Fields/Career:
United States (change)

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



National Average
$157,000


Entry-Level
up arrow 23%

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

Program Management
up arrow 21%

Strategic Planning
up arrow 12%

Leadership
up arrow 9%

Software Development
up arrow 8%

Budget Management
up arrow 5%


Operations Management
up arrow 1%

C#
0%

National Average
$157,000

IT Security & Infrastructure
up arrow 2%

Strategic Project Management
up arrow 5%


IT Management
up arrow 11%

up arrow 11%

SQL
up arrow 11%

Network Management / Administration
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 222 votes.

Gender

Female
13 %
Male
87 %

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%
vision benefits
Vision: 76%
dental benefits
None: 5%
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