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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 $134K per year on average. In the world of VPs of Information Technology, overall cash allowance can occasionally include more than $41K from bonuses and, in some exceptional cases, $20K from profit sharing, causing incomes to vary widely between $93K and $204K. Career length is the main element affecting pay for this group — the particular city and the individual firm are driving factors as well. Medical benefits are awarded to almost all, and a large number earn dental coverage. Work is enjoyable for VPs of Information Technology, who typically claim high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$89,478 - $177,970
(Median)
$89K
$130K
$180K
MEDIAN: $134,188
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
$89,478 - $177,970  
   
Bonus
$3,052 - $40,564  
Profit Sharing
$1,216 - $20,000  
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).
)
$93,329 - $204,163  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 2,558
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
$3,052 - $40,564  
   
Commission
$5,000 - $40,000  
Profit Sharing
$1,216 - $20,000  
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).
)
$93,329 - $204,163  
Country: United States | Currency: USD | Updated: 1 Apr 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 who advance into the role of a Senior Vice President of Product Development are fairly uncommon. Senior Vice Presidents of Product Development on average earn $188K per year. 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), Technology Job Listings

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Popular Employer Salaries for Vice President (VP), Information Technology (IT)


Known for taking on a considerable number of VPs of Information Technology, J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), Citigroup, Inc., The Goldman Sachs Group, Inc., and Morgan Stanley are leading firms in the industry. With a median salary of $172K, Deutsche Bank offers VPs of Information Technology the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $122K and are capped at $204K. Other big spenders include Blackrock, Inc., Barclays Capital Inc, and The Goldman Sachs Group, Inc., top-paying firms where VPs of Information Technology see paychecks nearing $164K, $163K, or $158K.

Citigroup, Inc. reports the lowest median salary in the area (it's only $129K) but some workers make up to $162K, indicating a rather large gap in employee earnings. Other low-paying employers include Citibank at $133K and J.P. Morgan Chase & Co. (JPMCC) at $141K, though some VPs of Information Technology there earn up to $182K.

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


VPs of Information Technology report using a deep pool 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 7 percent and 18 percent. Skills that are correlated to lower pay, on the other hand, include 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.


VPs of Information Technology generally obtain higher compensation for more plentiful past experience. Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $106K per year. On average, VPs of Information Technology make $149K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $160K, but it's not much more than what less experienced people make.

Pay Difference by Location


San Jose is home to an above-average pay rate for VPs of Information Technology, 19 percent higher than the national average. VPs of Information Technology will also find cushy salaries in San Francisco (+16 percent), Boston (+12 percent), Chicago (+9 percent), and Atlanta (+8 percent). Jacksonville ranks last in the field for pay, reporting salaries 17 percent below the national average. Below-median salaries also turn up in Tampa and Charlotte (15 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
$148,000


Entry-Level
up arrow 28%

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

Leadership
up arrow 18%

Strategic Planning
up arrow 7%

People Management
up arrow 7%

Java
up arrow 1%

Oracle
up arrow 1%

National Average
$148,000

IT Security & Infrastructure
up arrow 1%

IT Management
up arrow 1%

Project Management
up arrow 2%

Microsoft SQL Server
up arrow 2%

UNIX
up arrow 6%

SQL
up arrow 9%

Internet Information Server (IIS)
up arrow 12%

Microsoft Office
up arrow 14%

Network Management / Administration
up arrow 17%

Windows NT / 2000 / XP Networking
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 535 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: 93% dental benefits Dental: 85%
vision benefits Vision: 72% employee benefits None: 6%