Vice President (VP), Institutional Advancement Salary
Job Description for Vice President (VP), Institutional Advancement
Vice presidents (VPs) of institutional advancement are in charge of leading and managing advancement programs and opportunities for their organization. They oversee donor investments and strategic fundraising opportunities, as well as create development plans and advancement services. They review prospect investigation, provide support to campaigns, and manage schedules and budgets for their department. Vice presidents of institutional advancement must work well in a team environment with other managers and vice presidents in their organization to make executive-level decisions.Read More...
Other tasks performed by vice presidents of institutional advancement include developing strong business relationships to increase brand loyalty, coordinating institutional efforts on gift soliciting and volunteer programs, and managing deadlines to ensure their organization meets all financial goals. They also participate in team training and provide hiring guidance as needed. Their functions also include setting goals for the advancement programs, modifying strategies to increase effectiveness, authorizing donor contact, and coordinating fundraising events. They approve mailing materials and research trends as well.
A bachelor's degree in business administration or another relevant field is required for this job. Previous experience in a related capacity is needed as well. Vice presidents of institutional advancement also must possess strong leadership and interpersonal skills, as well as have excellent multitasking abilities to participate in a variety of projects. They need to have superior planning and negotiating skills, as well as have strong decision-making abilities and pay strong attention to detail.
Vice President (VP), Institutional Advancement Tasks
- Oversee outreach efforts to bring in donors, increase fundraising and obtain grants.
- Identify and coordinate with government, industry, and other partners.
- Act as primary contact for media and marketing requests and programs.
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Popular Skills for Vice President (VP), Institutional Advancement
VPs of Institutional Advancement report using a wide range of professional skills. Most notably, facility with Media / Public Relations and People Management are correlated to pay that is significantly above average, leading to increases of 22 percent and 6 percent, respectively. Skills that pay less than market rate include Marketing Communications, Strategic Planning, and Fundraising. Those familiar with Fundraising also tend to know Marketing Communications.