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Vice President (VP), Operations Salary

Generous salaries abound for VPs of Operations in the United States, with average pay above six figures ($115K) per year. With some bonuses approaching $49K and certain profit sharing proceeds approaching $31K, overall incomes of VPs of Operations spread between $67K and $208K depending on individual performance. Compensation for this group is mainly affected by career length, but the specific employer and location are influential factors as well. The majority of VPs of Operations claim high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Male VPs of Operations are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. The data for this synopsis comes from respondents who took the PayScale salary survey.

$63,793 - $178,173
(Median)
$64K
$120K
$180K
MEDIAN: $115,368
10%
50%
90%

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$14.67 - $60.27
(Median)
$15
$26
$60
MEDIAN: $26.00
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
$63,793 - $178,173  
   
Bonus
$1,774 - $48,872  
Profit Sharing
$1,038 - $30,763  
Commission
$0.00 - $50,335  
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).
)
$66,992 - $208,421  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 7,653
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
$14.67 - $60.27  
   
Overtime
$0.00 - $61.28  
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
$1,774 - $48,872  
   
Commission
$0.00 - $50,335  
Profit Sharing
$1,038 - $30,763  
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).
)
$66,992 - $208,421  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 123

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Job Description for Vice President (VP), Operations

Vice presidents (VP) of operations play important executive roles in many different industries. Their primary goal is to increase revenue for a company and improve/oversee operations. They preside over managers of operations and are leaders over entire departments.

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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 $184K annually. Presidents or Chief Operating Officers are common next-step roles for VPs of Operations moving up in their careers; annual pay for Presidents is $26K higher on average, and it's $11K higher for Chief Operating Officers.

Vice President (VP), Operations Job Listings

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Popular Employer Salaries for Vice President (VP), Operations


J.P. Morgan Chase & Co. (JPMCC), The Goldman Sachs Group, Inc., Morgan Stanley, Bank of America Corp. (BOFA), and Citigroup, Inc. are among the top companies that take on many VPs of Operations. VPs of Operations flock to The Goldman Sachs Group, Inc. for generous paychecks, where average earnings of $146K lead the pack in compensation; however, The Goldman Sachs Group, Inc. also provides employees with a wide spectrum of compensation ranging from $86K at one end to $195K at the other end. Soaring salaries can also be found at State Street Corporation, J.P. Morgan Chase & Co. (JPMCC), and Barclays Capital Inc, where earnings of $130K, $130K, or $121K are standard for VPs of Operations.

Citigroup, Inc. reports the lowest median salary in the area (it's only $89K) but some workers make up to $146K, indicating a rather large gap in employee earnings. 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 $159K.

Popular Skills for Vice President (VP), Operations


Survey takers working as VPs of Operations report using a large range of professional skills. Lucky workers who know Lean Manufacturing can expect a significant pay bump, scoring salaries 20 percent above average. Leadership and Team Leadership are also correlated to pay that is above average, with increases between 15 percent and 20 percent. Those listing Accounting as a skill should be prepared for drastically lower pay. Human Resources 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 with a rich background of experience are typically rewarded with larger paychecks. Professionals with less than five years' experience earn a median of $89K annually, but folks with five to 10 years under their belts report a weighty six-figure median of $108K. The average pay reported by folks with 10 to 20 years of experience is around $131K. People who have worked for more than 20 years report a median income of $146K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


With a pay rate for VPs of Operations that is 37 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. VPs of Operations can also look forward to large paychecks in cities like Houston (+20 percent), Boston (+19 percent), Washington (+19 percent), and Los Angeles (+17 percent). Those in the field find the lowest salaries in Charlotte, 2 percent below the national average.

Related Job Salaries

United States (change)

Experience Affects Vice President (VP), Operations Salaries



National Average
$126,000



Skills That Affect Vice President (VP), Operations Salaries

Lean Manufacturing
up arrow 20%





Business Development
up arrow 1%

National Average
$126,000

Financial Analysis
up arrow 2%

Process Improvement
up arrow 2%

Operations Management
up arrow 3%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1612 votes.

Gender

Female
26 %
Male
74 %

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: 71%
vision benefits Vision: 57% employee benefits None: 11%