Vice President (VP), Technology Salary
Job Description for Vice President (VP), Technology
Vice presidents (VP) of technology are generally responsible for overseeing all technology-related operations within a company and ensuring full compliance with company standards and policies. They may oversee meetings and workshops to help employees improve their performance while addressing any issues or concerns they may have, and they may also be tasked with maintaining a strict work schedule which takes into account routine upgrades as well as security checks.Read More...
Vice presidents of technology must demonstrate innovative thinking by introducing and developing new policies and technologies to generate revenue for the company. They must also ensure that all operations under their supervision adhere to all ethical and moral standards set forth by the company. They are also required to write and present reports to upper management while identifying and correcting any practices which may be in need of improvement. A bachelor’s degree in a relevant field and at least fifteen years of progressive leadership experience (including managing teams of over 100 employees) and ten years in a technology field are generally required for this position, and strong organization, communication, and interpersonal skills are also expected.
Vice President (VP), Technology Tasks
- Support technology infrastructure with strategic priorities, appropriate resource allocation, and technical leadership.
- Develop new technology products with informed market research and understanding of resources.
- Manage internal teams to keep internal and external technology functioning at needed levels.
- Manage requirements and documentation processes for the organization.
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Popular Skills for Vice President (VP), Technology
VPs of Technology seem to require a rather large skill set. Most notably, facility with Product Development, Agile, and Strategic Project Management are correlated to pay that is significantly above average, leading to increases of 31 percent, 20 percent, and 19 percent, respectively. Those listing Windows Operating System General Use as a skill should be prepared for drastically lower pay. Microsoft Office and Web Development also typically command lower compensation. Most people experienced in People Management also know Software Architecture.
Pay by Experience Level for Vice President (VP), Technology
Median of all compensation (including tips, bonus, and overtime) by years of experience.
VPs of Technology with a lot of experience tend to enjoy higher earnings. Salaries can reach six figures almost right off the bat; beginning workers who have less than five years' experience bring in a median of $122K per year. VPs of Technology who work for 10 to 20 years in their occupation tend to earn about $170K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $184K.
Pay Difference by Location
With a pay rate for VPs of Technology that is 16 percent greater than the national average, Los Angeles offers a comfortable salary for those in this profession. VPs of Technology will also find cushy salaries in Seattle (+12 percent) and San Francisco (+8 percent). In Chicago, salaries are 10 percent below the national average and represent the lowest-paying market. Workers in Austin and Dallas earn salaries that trail the national average for those in this profession (10 percent less).