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

VPs of Information Technology receive generous compensation in the United States — earning an average of $136K per year, their standard salaries shoot well into the six-figure range. Total cash compensation for VPs of Information Technology runs from $95K to $205K depending on bonuses that can occasionally exceed $40K and profit sharing that can reach almost $21K. While geography and years of experience impact pay for this group, the company is the most influential factor. Most VPs of Information Technology like their work and job satisfaction is high. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$90,466 - $179,758
(Median)
$90K
$140K
$180K
MEDIAN: $135,698
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
$90,466 - $179,758  
   
Bonus
$3,010 - $40,432  
Profit Sharing
$1,163 - $20,729  
Commission
$5,000 - $40,000  
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).
)
$94,646 - $205,031  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 2,607
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
$3,010 - $40,432  
   
Commission
$5,000 - $40,000  
Profit Sharing
$1,163 - $20,729  
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).
)
$94,646 - $205,031  
Country: United States | Currency: USD | Updated: 20 Jun 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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VPs of Information Technology do not often transition into Senior Vice President of Product Development roles. The role averages $189K per year. VPs of Information Technology most frequently become Chief Information Officers and Chief Technology Officers even though median compensation is $5K lower and $4K 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), Citibank, Citigroup, Inc., and Morgan Stanley are some prominent firms with considerable interest in employing a large team of VPs of Information Technology. VPs of Information Technology seeking a sizable paycheck can earn the most at State Street Bank, where the average salary comes to $191K. Soaring salaries can also be found at Deutsche Bank, Blackrock, Inc., and Barclays Capital Inc, where earnings of $172K, $164K, or $163K are standard for VPs of Information Technology.

Citigroup, Inc. seems to offer the smallest paychecks with a median salary of only $129K. The pay range is quite narrow, too; compensation generally sits between $92K and $162K. Others at the bottom of the scale for this job include Citibank at $134K, 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)


VPs of Information Technology seem to exploit a large range of skills on the job. 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 are correlated to lower pay, on the other hand, include Windows NT / 2000 / XP Networking, Network Management / Administration, and Microsoft Office. The majority of those who know Network Management / Administration also know 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 a lot of experience tend to enjoy higher earnings. Even the relatively untried can take home bulky six-figure salaries; employees who have worked for fewer than five years report earning $108K on average. VPs of Information Technology with one to two decades of relevant experience report an average salary of approximately $151K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $162K.

Pay Difference by Location


For VPs of Information Technology, busy San Jose offers a higher-than-average pay rate, 21 percent above the national average. VPs of Information Technology can also look forward to large paychecks in cities like San Francisco (+21 percent), Boston (+13 percent), Chicago (+10 percent), and Atlanta (+9 percent). With compensation 18 percent below the national average, Jacksonville is not known for hefty paychecks and actually represents the lowest-paying market. Workers in Tampa and Charlotte earn salaries that trail the national average for those in this profession (16 percent less and 9 percent less, respectively).

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 14%

People Management
up arrow 6%

Java
up arrow 1%

IT Security & Infrastructure
0%

IT Management
0%

Oracle
0%

Operations Management
0%

National Average
$149,000

Project Management
up arrow 3%

SQL
up arrow 7%

UNIX
up arrow 7%

Internet Information Server (IIS)
up arrow 11%

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 485 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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