Vice President (VP), Operations Salary

VPs of Operations in the United States can look forward to a sizeable six-figure salary — around $118K per year on average. Total cash earnings of VPs of Operations range from $70K on the low end to $216K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $50K and $34K, respectively. The most important factor affecting compensation for this group is the company, followed by the particular city and years of experience. Most VPs of Operations like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most VPs of Operations survey respondents are men (73 percent). This snapshot results from replies to PayScale's salary survey.

$66,726 - $183,369
(Median)
$67K
$120K
$180K
MEDIAN: $118,057
10%
50%
90%

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$14.69 - $62.20
(Median)
$15
$29
$62
MEDIAN: $28.00
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$80K$160K$240K
Salary
$66,726 - $183,369  
   
Bonus
$1,970 - $50,118  
Profit Sharing
$984 - $34,484  
Commission
$0.00 - $61,568  
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).
)
$69,802 - $216,462  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 8,521
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
$14.69 - $62.20  
   
Overtime
$0.00 - $65.45  
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
$1,970 - $50,118  
   
Commission
$0.00 - $61,568  
Profit Sharing
$984 - $34,484  
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).
)
$69,802 - $216,462  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 125
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Job Description for Vice President (VP), Operations

The vice president of operations assists their company's president with day-to-day operations. These executives develop and implement a variety of strategies to maximize profits while maintaining an acceptable level of quality, as well as work on improving the supply chain to positively impact variables such as cost, quality and delivery time. Vice presidents of operations provide oversight and guidance to subordinates, follow up on projects assigned to staff and stay up to date on their company's research and development efforts. They also need to provide timely feedback and guidance for both subordinates and to fellow executives on operations-related issues.

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Vice President (VP), Operations Tasks

  • Develop new resources and new revenue streams.
  • Evaluate operational processes and procedures, and develop strategies and implementation plans to improve and standardize all aspects of operations.
  • Provide leadership for the overall operating performance of the business.
  • Develop, monitor and administer financial program to maintain efficient, quality services.

Common Career Paths for Vice President (VP), Operations


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VPs of Operations who transition into an Executive Vice President of Worldwide Operations role may receive large pay increases as the latter position pays an average $183K per year. VPs of Operations typically move into roles as Presidents or Chief Operating Officers, and those positions pay $23K more and $9K more, respectively.

Vice President (VP), Operations Job Listings

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Popular Employer Salaries for Vice President (VP), Operations


Dominating the field, J.P. Morgan Chase & Co. (JPMCC), Citibank, Bank of America Corp. (BOFA), The Goldman Sachs Group, Inc., and Morgan Stanley are top firms with a reputation for hiring a great number of VPs of Operations. VPs of Operations flock to Xerox Corporation for generous paychecks, where average earnings of $158K lead the pack in compensation. Those in search of high salaries should also consider State Street Bank, State Street Corporation, and J.P. Morgan Chase & Co. (JPMCC), top-paying firms where VPs of Operations rake in a very impressive $155K, $131K, or $131K, respectively.

The lowest pay by far can be found at Citigroup, Inc. — this employer offers a median salary of $89K, 78 percent lower than the top payer. Other low-paying employers include Citibank at $91K and Bank of America Corp. (BOFA) at $104K, though some VPs of Operations there earn up to $148K.

Popular Skills for Vice President (VP), Operations


VPs of Operations seem to exploit a large range of skills on the job. Lucky workers who know Strategic Planning can expect a significant pay bump, scoring salaries 21 percent above average. Lean Manufacturing and Leadership are also correlated to pay that is above average, with an increase 21 percent. Those listing Human Resources as a skill should be prepared for drastically lower pay. Customer Relationship Management and Sales Management also typically command lower compensation. Most people who know Operations Management also know Project Management, Budget Management, and Strategic Planning.

Pay by Experience Level for Vice President (VP), Operations

Median of all compensation (including tips, bonus, and overtime) by years of experience.


VPs of Operations generally obtain higher compensation for more plentiful past experience. Professionals with less than five years' experience earn a median of $90K annually, but folks with five to 10 years under their belts report a weighty six-figure median of $109K. VPs of Operations see a median salary of $132K after reaching one to two decades on the job. People who have worked for more than 20 years report a median income of $149K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $128,821

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

San Francisco is home to an above-average pay rate for VPs of Operations, 42 percent higher than the national average. VPs of Operations will also find cushy salaries in Boston (+25 percent), Philadelphia (+22 percent), Houston (+21 percent), and Washington (+20 percent). Austin is home to the smallest salaries in the field, lagging the national average by 9 percent.

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Experience Affects Vice President (VP), Operations Salaries



National Average
$129,000



Skills That Affect Vice President (VP), Operations Salaries






Business Development
up arrow 2%

Budget Management
up arrow 1%

Financial Analysis
up arrow 1%

National Average
$129,000

Operations Management
up arrow 1%

Process Improvement
up arrow 2%






Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1478 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
0%
1-4 years
8%
5-9 years
13%
10-19 years
38%
20 years or more
40%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 72%
medical benefits
Vision: 58%
dental benefits
None: 12%
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