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

On average, VPs of Information Technology in the United States earn six-figure salaries ($139K) annually, making for a very well-paid profession. Total cash compensation to VPs of Information Technology approaches anywhere from $96K on the lower end to $209K on the higher end; in exceptional cases, this can include more than $41K from bonuses and upwards of $21K from profit sharing. The company is the biggest factor affecting pay for this group, followed by geography and tenure. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most VPs of Information Technology like their work and job satisfaction is high. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$90,868 - $181,930
(Median)
$91K
$140K
$180K
MEDIAN: $138,556
10%
50%
90%

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$19.62 - $98.63
(Median)
$20
$68
$99
MEDIAN: $67.00
10%
50%
90%

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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
$90,868 - $181,930  
   
Bonus
$2,935 - $40,873  
Profit Sharing
$1,008 - $20,973  
Commission
$15,000  
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).
)
$95,552 - $208,863  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,866
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
$19.62 - $98.63  
   
Overtime
$24.00  
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
$2,935 - $40,873  
   
Commission
$15,000  
Profit Sharing
$1,008 - $20,973  
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).
)
$95,552 - $208,863  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 18
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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 it's uncommon, some VPs of Information Technology move into roles as Senior Vice Presidents of Operations, where they can earn incomes averaing out to a slightly higher $179K per year. VPs of Information Technology most often move into positions as Chief Information Officers or Chief Technology Officers. Chief Information Officers actually earn $6K less on average, however, and Chief Technology Officers earn $4K less per year than VPs of Information Technology do.

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 The Goldman Sachs Group, Inc. are some prominent firms with considerable interest in employing a large team of VPs of Information Technology. Heading up the field in terms of compensation, State Street Bank offers the most; VPs of Information Technology earn $193K on average there. VPs of Information Technology will also find cushy salaries at Barclays Capital Inc (+$184K), Deutsche Bank (+$164K), and Blackrock, Inc. (+$164K).

Salaries are easily beat at Citigroup, Inc., where median pay comes to just $131K, the lowest in the field. What's more, with base pay starting at $94K and ending at $162K, range in salary is rather small. Also sliding in at the lower end of the scale are Citibank ($135K), The Bank of New York Mellon Corporation (BNY Mellon) ($136K), and Bank of America Corp. (BOFA) ($142K).

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


VPs of Information Technology seem to require a rather large skill set. Most notably, skills in Strategic Planning, Leadership, Software Architecture, and People Management are correlated to pay that is above average, with boosts between 10 percent and 17 percent. Those listing Network Management / Administration as a skill should be prepared for drastically lower pay. Microsoft Office and SQL also typically command lower compensation. Those educated in Network Management / Administration tend to be well versed 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 $110K per year. For VPs of Information Technology, 10 to 20 years of experience on the job amounts to an average salary of $152K. 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 $165K.

Pay Difference by Location

National Average: $151,190

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for VPs of Information Technology, San Jose offers exceptional salaries, 24 percent above the national average. VPs of Information Technology can also look forward to large paychecks in cities like San Francisco (+18 percent), Chicago (+15 percent), Boston (+11 percent), and Atlanta (+11 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Tampa. Below-median salaries also turn up in Charlotte and Cincinnati (16 percent lower and 9 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 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
$151,000


Entry-Level
up arrow 27%

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

Strategic Planning
up arrow 17%

Leadership
up arrow 15%

Software Architecture
up arrow 10%


Software Development
up arrow 4%

Budget Management
up arrow 3%

Java
up arrow 1%

National Average
$151,000

IT Security & Infrastructure
up arrow 1%

Operations Management
up arrow 1%

IT Management
up arrow 5%

UNIX
up arrow 5%


SQL
up arrow 12%

Microsoft Office
up arrow 21%

Network Management / Administration
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 455 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
49%
20 years or more
40%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 84%
medical benefits
Vision: 73%
dental benefits
None: 6%
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