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

VPs of Information Technology in the United States can look forward to a sizeable six-figure salary — around $135K per year on average. In the world of VPs of Information Technology, overall income ranges from $95K near the bottom to $203K at the top; this can include more than $40K from bonuses and more than $20K from profit sharing in exceptional cases. This group's pay is mainly influenced by the specific employer, followed by years of experience and location. Medical benefits are awarded to nearly all, and most earn dental coverage. Most VPs of Information Technology report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$90,554 - $178,540

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$19.60 - $98.99

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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$70K$140K$210K
Salary
$90,554 - $178,540  
   
Bonus
$3,013 - $39,924  
Profit Sharing
$1,035 - $20,238  
Commission
$3,000 - $32,000  
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).
)
$94,750 - $203,198  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 2,620
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
$19.60 - $98.99  
   
Overtime
$0.00 - $76.60  
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
$3,013 - $39,924  
   
Commission
$3,000 - $32,000  
Profit Sharing
$1,035 - $20,238  
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).
)
$94,750 - $203,198  
Country: United States | Currency: USD | Updated: 18 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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While VPs of Information Technology do not often become Senior Vice Presidents of Product Development, the job pays $186K per year on average. Many VPs of Information Technology go on to become Chief Information Officers or Chief Technology Officers despite the fact that median compensation in those roles is reportedly $5K lower and $3K 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, Morgan Stanley, and Citigroup, Inc. are all popular places to work. VPs of Information Technology seeking a sizable paycheck can earn the most at State Street Bank, where the average salary comes to $191K. Barclays Capital Inc, Deutsche Bank, and Blackrock, Inc. also offer top salaries for VPs of Information Technology. Workers at these firms can expect to earn about $166K, $165K, and $164K, respectively.

Citigroup, Inc. offers the lowest pay, with a median salary of just $130K. The pay scale doesn't vary widely, either; compensation ranges 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 $175K.

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


VPs of Information Technology seem to wield many skills on the job. Most notably, skills in Leadership, Strategic Planning, People Management, and Operations Management are correlated to pay that is above average, with boosts between 5 percent and 18 percent. Skills that pay less than market rate 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Respondents with less than five years' experience take home $107K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $132K. VPs of Information Technology with one to two decades of relevant experience report an average salary of approximately $150K. VPs of Information Technology who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $161K.

Pay Difference by Location


Surpassing the national average by 20 percent, VPs of Information Technology in San Jose receive some of the highest pay in the country. VPs of Information Technology can also look forward to large paychecks in cities like San Francisco (+18 percent), Boston (+11 percent), Chicago (+10 percent), and Atlanta (+9 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Jacksonville. Employers pay around 15 percent less in Tampa and 8 percent less in Charlotte, below-median salaries for those in this field.

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 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.

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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 18%

Strategic Planning
up arrow 16%

People Management
up arrow 5%

Operations Management
up arrow 1%

Java
0%

National Average
$149,000

Oracle
up arrow 1%

IT Security & Infrastructure
up arrow 2%

IT Management
up arrow 2%

Project Management
up arrow 3%

UNIX
up arrow 8%

SQL
up arrow 9%

Internet Information Server (IIS)
up arrow 11%

Microsoft Office
up arrow 13%

Network Management / Administration
up arrow 17%

Windows NT / 2000 / XP Networking
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 470 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: 92% dental benefits Dental: 84%
vision benefits Vision: 72% employee benefits None: 6%
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