Vice President (VP), Technology Salary
Job Description for Vice President (VP), Technology
Vice presidents (VP) of technology are generally responsible for overseeing all technology-related operations within a company and ensuring full compliance with company standards and policies. They may oversee meetings and workshops to help employees improve their performance while addressing any issues or concerns they may have, and they may also be tasked with maintaining a strict work schedule which takes into account routine upgrades as well as security checks.Read More...
Vice presidents of technology must demonstrate innovative thinking by introducing and developing new policies and technologies to generate revenue for the company. They must also ensure that all operations under their supervision adhere to all ethical and moral standards set forth by the company. They are also required to write and present reports to upper management while identifying and correcting any practices which may be in need of improvement. A bachelor’s degree in a relevant field and at least fifteen years of progressive leadership experience (including managing teams of over 100 employees) and ten years in a technology field are generally required for this position, and strong organization, communication, and interpersonal skills are also expected.
Vice President (VP), Technology Tasks
- Manage internal teams to keep internal and external technology functioning at needed levels.
- Manage requirements and documentation processes for the organization.
- Support technology infrastructure with strategic priorities, appropriate resource allocation, and technical leadership.
- Develop new technology products with informed market research and understanding of resources.
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Popular Skills for Vice President (VP), Technology
Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Product Development, Agile, and Strategic Project Management are correlated to pay that is significantly above average, leading to increases of 33 percent, 22 percent, and 21 percent, respectively. Those listing Windows Operating System General Use as a skill should be prepared for drastically lower pay. Microsoft Office and Web Development also typically command lower compensation. Most people experienced in People Management also know Software Architecture.
Pay by Experience Level for Vice President (VP), Technology
Median of all compensation (including tips, bonus, and overtime) by years of experience.
VPs of Technology with a rich background of experience are typically rewarded with larger paychecks. The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $110K. VPs of Technology who work for 10 to 20 years in their occupation tend to earn about $169K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $180K on average.
Pay Difference by Location
For VPs of Technology, busy Los Angeles offers a higher-than-average pay rate, 21 percent above the national average. VPs of Technology will also find cushy salaries in San Francisco (+10 percent), Seattle (+7 percent), Chicago (+7 percent), and Houston (+5 percent). With compensation 15 percent below the national average, Irvine is not known for hefty paychecks and actually represents the lowest-paying market. Employers also pay below the national average in Austin (12 percent lower) and Dallas (10 percent lower).
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Key Stats for Vice President (VP), Technology
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