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

VPs of Information Technology in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $136K) surpassing six figures annually. Final cash compensation to VPs of Information Technology varies from around $95K to approximately $205K; choice pay grades include potential for bonuses and profit sharing as high as $40K and $21K, respectively. This group's pay is mainly influenced by the company, followed by geography and experience level. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to nearly all, and most earn dental coverage. This snapshot results from replies to PayScale's salary survey.
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$90,588 - $179,677
(Median)
$91K
$140K
$180K
MEDIAN: $135,503
10%
50%
90%

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$19.60 - $98.99
(Median)
$20
$74
$99
MEDIAN: $74.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$90,588 - $179,677  
   
Bonus
$3,027 - $40,476  
Profit Sharing
$1,040 - $20,608  
Commission
$4,913 - $40,695  
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).
)
$94,887 - $204,939  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 2,635
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$19.60 - $98.99  
   
Overtime
$0.00 - $76.60  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$3,027 - $40,476  
   
Commission
$4,913 - $40,695  
Profit Sharing
$1,040 - $20,608  
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).
)
$94,887 - $204,939  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 17
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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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Though some VPs of Information Technology move into positions like Senior Vice President of Product Development (where the average salary is $186K), this progression is not the norm. Many VPs of Information Technology choose to become Chief Information Officers and Chief Technology Officers as their careers advance. However, folks in those positions report median salaries of $5K less and $4K less, 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), Citibank, Citigroup, Inc., and Morgan Stanley are leaders in the field that employ a large number of VPs of Information Technology. For VPs of Information Technology, comfortable salaries can be found at State Street Bank; in fact, median earnings sit around $191K, the highest in the area. Other big spenders include Deutsche Bank, Blackrock, Inc., and Barclays Capital Inc, top-paying firms where VPs of Information Technology see paychecks nearing $172K, $164K, or $163K.

The consistently lowest paying firm is Citigroup, Inc., where the median salary is just $129K. There isn't much variation there, either; the pay scale ranges only from $92K to $162K. Others at the bottom of the scale for this job include Citibank at $135K, and Bank of America Corp. (BOFA) where $142K is the norm, but it is worth noting that some VPs of Information Technology there earn up to $178K.

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


Survey results imply that VPs of Information Technology deploy a substantial tool kit of skills at work. Most notably, skills in Leadership, Strategic Planning, People Management, and Java are correlated to pay that is above average, with boosts between 6 percent and 17 percent. Skills that seem to negatively impact pay include Windows NT / 2000 / XP Networking, Network Management / Administration, and Microsoft Office. It is often found that people who know Network Management / Administration are also skilled in 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Workers in their first five years can expect to earn $108K, but people who have been around for five to 10 years earn a noticeably bigger sum of $131K. VPs of Information Technology who work for 10 to 20 years in their occupation tend to earn about $151K. People who have worked for more than 20 years report a median income of $162K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


With a pay rate for VPs of Information Technology that is 21 percent greater than the national average, San Jose offers a comfortable salary for those in this profession. VPs of Information Technology can also look forward to large paychecks in cities like San Francisco (+21 percent), Boston (+12 percent), Atlanta (+8 percent), and Chicago (+7 percent). In Tampa, salaries are 16 percent below the national average and represent the lowest-paying market. A couple other locations with smaller-than-average paychecks include Jacksonville (16 percent lower) and Charlotte (9 percent lower).

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 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
$149,000


Entry-Level
up arrow 28%

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

Leadership
up arrow 17%

Strategic Planning
up arrow 16%

People Management
up arrow 6%

Java
up arrow 1%

IT Management
0%

Oracle
0%

Operations Management
0%

National Average
$149,000

IT Security & Infrastructure
up arrow 1%

Project Management
up arrow 3%

SQL
up arrow 8%

UNIX
up arrow 8%

Internet Information Server (IIS)
up arrow 10%

Microsoft Office
up arrow 14%

Network Management / Administration
up arrow 16%

Windows NT / 2000 / XP Networking
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 479 votes.

Gender

Female
10 %
Male
90 %

Years of Experience

Less than 1 year
0%
1-4 years
2%
5-9 years
8%
10-19 years
51%
20 years or more
39%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 85%
vision benefits Vision: 72% employee benefits None: 6%
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