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

On average, VPs of Information Technology in the United States earn six-figure salaries ($135K) annually, making for a very well-paid profession. Total cash compensation to VPs of Information Technology bottoms out near $94K and approaches $204K on the high end; the biggest paychecks include approximately $41K from bonuses and almost $20K from profit sharing. While geography and experience level impact pay for this group, the particular firm is the most influential factor. Medical benefits are awarded to nearly all, and most earn dental coverage. Job satisfaction is high and work is enjoyable for most VPs of Information Technology. Respondents to the PayScale salary survey provided the data for this report.
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$89,984 - $178,745
(Median)
$90K
$140K
$180K
MEDIAN: $135,020
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
$89,984 - $178,745  
   
Bonus
$3,042 - $40,552  
Profit Sharing
$1,163 - $20,446  
Commission
$9,826 - $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).
)
$94,159 - $204,420  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 2,576
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
$3,042 - $40,552  
   
Commission
$9,826 - $40,695  
Profit Sharing
$1,163 - $20,446  
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).
)
$94,159 - $204,420  
Country: United States | Currency: USD | Updated: 2 May 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 sometimes assume positions such as Senior Vice Presidents of Product Development. That role pays $189K per year on average. VPs of Information Technology most often move into Chief Information Officer or Chief Technology Officer roles. However, the former pays $5K less on average, and the latter pays $3K less.

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), Citigroup, Inc., Morgan Stanley, and The Goldman Sachs Group, Inc. are some prominent firms with considerable interest in employing a large team of VPs of Information Technology. Those at State Street Bank can expect to make the most, with the company offering a median salary of $191K. Those in search of high salaries should also consider Deutsche Bank, Blackrock, Inc., and Barclays Capital Inc, top-paying firms where VPs of Information Technology rake in a massive $172K, $164K, or $163K, respectively.

The pay scale is far from balanced at Citigroup, Inc.. While salaries on one end can reach $162K, the company's median pay sits at $129K, the lowest in the field. Others at the bottom of the scale for this job include Citibank at $134K, and Bank of America Corp. (BOFA) where $141K is the norm, but it is worth noting that some VPs of Information Technology there earn up to $177K.

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


Survey takers working as VPs of Information Technology report using a large range of professional skills. 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. At the other end of the pay range are skills like Windows NT / 2000 / XP Networking, Network Management / Administration, and Microsoft Office. Most people skilled in Network Management / Administration are similarly competent 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 seems to be a major factor in determining the incomes of VPs of Information Technology. The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $106K. VPs of Information Technology bring in $150K after working for 10 to 20 years. VPs of Information Technology who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $161K on average.

Pay Difference by Location


For VPs of Information Technology, busy San Francisco offers a higher-than-average pay rate, 19 percent above the national average. VPs of Information Technology can also look forward to large paychecks in cities like San Jose (+19 percent), Boston (+13 percent), Atlanta (+8 percent), and Los Angeles (+7 percent). Jacksonville is the lowest-paying area, 18 percent south of the national average. Tampa and Charlotte are a couple other places where companies are known to pay below the median — salaries are 17 percent lower and 11 percent lower, 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.

Related Job Salaries

United States (change)

Experience Affects Vice President (VP), Information Technology (IT) Salaries



National Average
$149,000


Entry-Level
up arrow 29%

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 Security & Infrastructure
0%

IT Management
0%

Oracle
0%

National Average
$149,000

Project Management
up arrow 2%

Microsoft SQL Server
up arrow 5%

UNIX
up arrow 6%

SQL
up arrow 7%

Internet Information Server (IIS)
up arrow 11%

Microsoft Office
up arrow 15%

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 513 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
38%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 85%
vision benefits Vision: 72% employee benefits None: 6%
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