Vice President (VP), Operations Salary

On average, VPs of Operations in the United States earn six-figure salaries ($118K) annually, making for a very well-paid profession. Overall cash earnings for VPs of Operations stretch from $70K on the lower end to $216K near the top, and the heftiest packages can encompass around $50K from bonuses and $34K from profit sharing. Earnings for this group are mostly affected by the particular firm, followed by geography and years of experience. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Making up 73 percent of those who took the survey, male VPs of Operations greatly outnumber their female counterparts. Most workers in this position report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$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 may progress into high-paying roles like Executive Vice President of Worldwide Operations, where median compensation is $183K annually. 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


Known for taking on a considerable number of VPs of Operations, J.P. Morgan Chase & Co. (JPMCC), Citibank, Bank of America Corp. (BOFA), The Goldman Sachs Group, Inc., and Morgan Stanley are leading firms in the industry. Xerox Corporation offers the highest compensation with a median salary of $158K. State Street Bank, State Street Corporation, and J.P. Morgan Chase & Co. (JPMCC) are a few other companies that offer generous salaries, with VPs of Operations earning around $155K, $131K, or $131K at each firm, respectively.

Citigroup, Inc. pays significantly less than other places with a median salary of $89K, 78 percent less than the top paying company. Others at the bottom of the scale for this job include Citibank at $91K, and Bank of America Corp. (BOFA) where $104K is the norm, but it is worth noting that some VPs of Operations there earn up to $148K.

Popular Skills for Vice President (VP), Operations


VPs of Operations seem to require a rather large skill set. 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, looking at an increase of 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. Those educated in Operations Management tend to be well versed in 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. Folks with fewer than five years of experience earn around $90K on average, but respondents who have racked up five to 10 years benefit from a six-figure median of $109K. After working for 10 to 20 years, VPs of Operations make a median salary of $132K. 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 can also look forward to large paychecks in cities like Boston (+25 percent), Philadelphia (+22 percent), Houston (+21 percent), and Washington (+20 percent). In Austin, salaries are 9 percent below the national average and represent the lowest-paying market.

Vice President (VP), Operations Reviews

What is it like working as a Vice President (VP), Operations?

Vice President (VP), Operations in South Houston:
"Job Satisfaction."
Pros: I like the President and CEO of the company and the senior level management personnel I work with.
Cons: The job I have is stressful in that all of us are expected to sacrifice our time for the better of the company. The hours are long and as soon as one job ends the next job starts. There is a lot of pressure to perform at top levels under less than ideal conditions. Perks are very rare and it seems as if all of the industry accepted benefits of travel (air miles, hotel stays, and rental car usage) are taken by the company and used to save money in future travel. That money savings is passed along to the employees as an end of the year bonus, so it is not all bad. It just seems that other companies allow their employees to keep their travel benefits and still give out bonuses.

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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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