Vice President (VP) & General Counsel Salary
Average pay for VPs and General Counsels in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($166K). Career length and the particular city each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Job satisfaction is high and work is enjoyable for most VPs and General Counsels. There are more male VPs and General Counsels than female among those who completed the questionnaire, making up 67 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
|Salary||$94,106 - $227,541|
|Bonus||$4,989 - $40,905|
|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).)
|$101,544 - $248,746|
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.
Common Career Paths for Vice President (VP) & General Counsel
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Popular Skills for Vice President (VP) & General Counsel
VPs and General Counsels generally report applying a varied skill set to their work. Most notably, skills in Intellectual Property, Litigation Case Management, Regulatory Compliance, and Contract Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Legal Compliance and Contract Negotiation. Most people familiar with Contract Negotiation also know Intellectual Property (IP).
Pay by Experience Level for Vice President (VP) & General Counsel
Pay by Experience for a Vice President (VP) & General Counsel has a positive trend. An entry-level Vice President (VP) & General Counsel with less than 5 years of experience can expect to earn an average total compensation of $105,000 based on 14 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP) & General Counsel with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $147,000 based on 13 salaries. An experienced Vice President (VP) & General Counsel which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $183,000 based on 44 salaries. A Vice President (VP) & General Counsel with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $199,000 based on 36 salaries.
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