Divisional Vice President, General Manager Salary
|Salary||$72,137 - $202,655|
|Bonus||$4,990 - $76,994|
|Profit Sharing||$0.00 - $27,000|
|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).)
|$80,408 - $244,699|
Job Description for Divisional Vice President, General Manager
The divisional vice president/general manager must ensure all of the division's employees are working safely and efficiently. If changes in procedures are needed, these vice presidents must suggest these changes to the board of directors and oversee their development and implementation. These individuals also create and enforce quarterly objectives for their division, as well as coordinate with other divisions' leaders to ensure overall organizational goals are being met in an efficient, cost-effective manner.Read More...
The divisional vice president/general manager is also in charge of the direct hiring and firing for managers under their supervision; they must also provide guidance, instruction, and disciplinary action as needed for these subordinates. This position also includes providing overall divisional guidance to help maintain profits and minimize all risks. At times, these vice presidents may need to travel for reasons such as visiting clients' headquarters to meet with company management. This position also requires regular reports in the areas of credit, strategic planning, and credit risk. The divisional vice president/general manager is also required to determine if problematic situations can be solved in-house or if a third party is needed.
This position also requires the ability to build and manage small teams of upper management to provide in-depth reports and hands-on solutions for any of the problems that might be faced in that division. After the teams report, it is necessary for the divisional vice president/general manager to report results to the board of directors.
Requirements for this position vary depending on the needs of the company, its size, and the industry in which it operates. Generally, previous experience - including in a leadership capacity - is necessary. (Copyright 2017 PayScale.com)
Divisional Vice President, General Manager Tasks
- Provide extensive leadership and strategy development for the division.
- Identify, evaluate, and utilize new areas for financial growth.
- Determine quarterly goals and oversee the development of a marketing program.
- Evaluate the current operational infrastructure and optimize performance.
Common Career Paths for Divisional Vice President, General Manager
Divisional VPs of General Managers' salaries tend to stay somewhat constant even when they advance into higher-level positions like Chief Executive Officer. On average, Chief Executive Officers get paid about the same as Divisional VPs of General Managers do. Divisional VPs of General Managers most often move into President or Chief Operating Officer roles. However, the former pays $3K less on average, and the latter pays $18K less.
Divisional Vice President, General Manager Job Listings
Pay by Experience Level for Divisional Vice President, General Manager
Pay by Experience for a Divisional Vice President, General Manager has a positive trend. An entry-level Divisional Vice President, General Manager with less than 5 years of experience can expect to earn an average total compensation of $105,000 based on 20 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Divisional Vice President, General Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $129,000 based on 46 salaries. An experienced Divisional Vice President, General Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $160,000 based on 116 salaries. A Divisional Vice President, General Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $178,000 based on 123 salaries.
Pay Difference by Location
For Divisional VPs of General Managers, busy Chicago offers a higher-than-average pay rate, 68 percent above the national average. Divisional VPs of General Managers can also look forward to large paychecks in cities like Washington (+44 percent), Houston (+30 percent), Atlanta (+28 percent), and New York (+26 percent). The smallest paychecks in the market, 14 percent south of the national average, can be found in Raleigh.
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Key Stats for Divisional Vice President, General Manager
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