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Vice President (VP), Operations Salary

Average pay for a VP of Operations in the United States is considerable, rounding six figures at $116K per year. With some bonuses approaching $49K and certain profit sharing proceeds approaching $31K, overall incomes of VPs of Operations spread between $68K and $209K depending on individual performance. This group's pay is mainly influenced by the particular firm, followed by career length and location. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The majority of VPs of Operations claim high levels of job satisfaction. Most VPs of Operations survey respondents are men (74 percent). This report is based on responses to the PayScale salary survey.

$64,549 - $178,702
(Median)
$65K
$120K
$180K
MEDIAN: $116,166
10%
50%
90%

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$14.71 - $61.67
(Median)
$15
$26
$62
MEDIAN: $25.00
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
$64,549 - $178,702  
   
Bonus
$1,859 - $49,095  
Profit Sharing
$1,039 - $31,032  
Commission
$0.00 - $50,565  
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).
)
$67,841 - $209,397  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 7,729
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
$14.71 - $61.67  
   
Overtime
$0.00 - $62.19  
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
$1,859 - $49,095  
   
Commission
$0.00 - $50,565  
Profit Sharing
$1,039 - $31,032  
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).
)
$67,841 - $209,397  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 116
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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. It is quite typical for VPs of Operations to transition into roles as Presidents or Chief Operating Officers, where reported median earnings are $25K and $10K higher per year.

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), Morgan Stanley, The Goldman Sachs Group, Inc., Bank of America Corp. (BOFA), and Citibank are top firms with a reputation for hiring a great number of VPs of Operations. The biggest paychecks can be found at Xerox Corporation — the median salary there is $158K. Other leaders in compensation levels are The Goldman Sachs Group, Inc. at $152K, State Street Corporation at $130K, and J.P. Morgan Chase & Co. (JPMCC), where VPs of Operations annually earn $127K.

Earnings fall especially short at Citigroup, Inc., where the median salary of $88K is the lowest in the field, 80 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 $159K.

Popular Skills for Vice President (VP), Operations


Survey takers working as VPs of Operations report using a large range of professional skills. Most notably, skills in Lean Manufacturing, Leadership, Strategic Planning, and Team Leadership are correlated to pay that is above average, with boosts between 13 percent and 19 percent. Those listing Accounting as a skill should be prepared for drastically lower pay. Human Resources and Sales Management also typically command lower compensation. Most people familiar with 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.


For many VPs of Operations, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Inexperienced workers earn around $90K, but people who have been around for five to 10 years pull down a much higher average of $108K. VPs of Operations who work for 10 to 20 years in their occupation tend to earn about $131K. People who have worked for more than 20 years report a median income of $147K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


For VPs of Operations, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. VPs of Operations will also find cushy salaries in Boston (+22 percent), Washington (+19 percent), Houston (+18 percent), and Los Angeles (+17 percent). Charlotte is the lowest-paying area, 3 percent south of the national average.

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Experience Affects Vice President (VP), Operations Salaries



National Average
$127,000



Skills That Affect Vice President (VP), Operations Salaries

Lean Manufacturing
up arrow 19%




Budget Management
up arrow 4%

Business Development
up arrow 3%

National Average
$127,000

Process Improvement
up arrow 2%

Operations Management
up arrow 3%

Financial Analysis
up arrow 3%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1538 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: 72%
vision benefits Vision: 57% employee benefits None: 11%
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