Avg. Base Salary (USD)
The average salary for a Bank Vice President (VP) is $89,375
What is the Pay by Experience Level for Bank Vice President (VP)s?
A mid-career Bank Vice President (VP) with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $73,698 based on 9 salaries. In their late career (20 years and higher), employees earn an average total compensation of $95,000.
What Do Bank Vice President (VP)s Do?
The main responsibility of a bank vice president is to determine who they should and shouldn’t loan money to. They will sit down with potential customers and find out what they need a loan for. Then they must do thorough checks to find out if the person is a good investment, or if the person has a bad credit rating and should be avoided.
After the loans are in place, the vice president will then handle the servicing duties of the loans. This will include all of the required paperwork and …Read more
- Supervise the managers and staff of a department. oversee projects, and act as a contact point for clients.
- Establish relationships with clients and identify marketing opportunities.
- Report department activities to upper management, oversight committees, and clients.
- Develop bank policies and procedures for department under supervision and ensure all policies and regulations are followed.
FAQs About Bank Vice President (VP)s
What is the highest pay for Bank Vice President (VP)s?
Our data indicates that the highest pay for a Bank Vice President (VP) is $204k / year
What is the lowest pay for Bank Vice President (VP)s?
Our data indicates that the lowest pay for a Bank Vice President (VP) is $48k / year
How can Bank Vice President (VP)s increase their salary?
Increasing your pay as a Bank Vice President (VP) is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Bank Vice President (VP) that oversees more junior Bank Vice President (VP)s, this experience can increase the likelihood to earn more.