Vice President (VP) & General Counsel Salary
Salaries for VPs and General Counsels in the United States are generous, with average pay above six figures ($165K) per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most VPs and General Counsels. Making up 72 percent of those who took the survey, male VPs and General Counsels greatly outnumber their female counterparts. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$88,442 - $216,133|
|Bonus||$5,013 - $41,011|
|Total Pay (||$99,442 - $231,543|
Job Description for Vice President (VP) & General Counsel
Vice presidents and general counsel are responsible for overseeing ongoing tasks within a company and providing assistance and resolving problems as they arise. They may also be in charge of directing and overseeing smaller teams of employees as they work on individual projects.Read More...
VPs and general counsel must ensure that all projects live up to company and client standards while maintaining ethical and legal standards, and they also direct workflow between groups and set project deadlines. They are often tasked with resolving problems that arise among these groups and replacing any elements or individuals that fail to live up to the company's standards. They are also responsible for preparing reports for higher management and maintaining long-term company records for future decision-making. Some may host and attend lectures in which divisions of the company receive additional training on related topics, while others may lead negotiations with outside corporate entities and contribute the final say on all business decisions.
A bachelor’s degree in business or a related field, at least ten years of business experience, and a background in leadership and communication are required for this position, and some employers also prefer those who have at least five years of experience as a team leader or manager.
Vice President (VP) & General Counsel Tasks
- Lead and financially manage the legal/compliance department of the organization.
- Select and manage external legal counsel as needed.
- Oversee all litigation and regulatory filings, both new and ongoing.
- Report on legal standing, audits, and compliance matters regularly and when special needs arise.
- Provide legal counsel to executives and internal teams for documents and strategies.
Vice President (VP) & General Counsel Job Listings
Popular Skills for Vice President (VP) & General Counsel
Survey results show that VPs and General Counsels use a fair number of skills. Most notably, skills in Intellectual Property, Litigation Case Management, Regulatory Compliance, and Contract Negotiation are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Legal Compliance. Most people experienced in Contract Negotiation also know Intellectual Property (IP).
Pay by Experience Level for Vice President (VP) & General Counsel
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of VPs and General Counsels. The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $105K. VPs and General Counsels see a median salary of $183K after reaching one to two decades on the job. VPs and General Counsels who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $199K on average.
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Key Stats for Vice President (VP) & General Counsel
Rated 5 out of 5
based on 10 votes.