The average pay for a Vice President (VP), Engineering is $64.37 per hour.
The average pay for a Vice President (VP), Engineering is $162,942 per year.
Job Description for Vice President (VP), Engineering
Engineering vice presidents (VPs) have extraordinary computer knowledge in addition to a good sense of business practices and customer service. They are responsible for overseeing the engineering or research and development departments, and they generally report to the president or CEO. Engineering VPs can manage or oversee teams of engineers or developers and the projects and testing with which they are tasked.
Read More...- Coordinate and direct teams to complete projects, including documentation and integration of technical components.
- Guide and approve financial decisions including ordering of materials, expenditures and reporting.
- Ensure that the product is fully and correctly defined and documented.
- Analyze available technology, market needs and existing resources to determine project feasibility.
- Lead the engineering team, including coaching, allocating resources effectively and reviewing team performance.
Common Career Paths for Vice President (VP), Engineering
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As VPs of Engineering make advancements in their career path, their salaries may not change right away. For example, the higher-level Chief Executive Officer position pays around the same amount as the VP of Engineering job on average. VPs of Engineering most frequently advance into Chief Technology Officer and VP of Computer Software Engineering roles even though the median salaries are $30K lower and $14K lower, respectively.
Vice President (VP), Engineering Job Listings
Popular Skills for Vice President (VP), Engineering
VPs of Engineering seem to exploit a large range of skills on the job. Most notably, skills in UNIX, Leadership, Product Development, and Budget Management are correlated to pay that is above average, with boosts between 4 percent and 9 percent. Skills that are correlated to lower pay, on the other hand, include Network Management / Administration, Operations Management, and SQL. Most people skilled in Engineering Design are similarly competent in Project Management and Product Development. Most people who know Leadership also know Product Development and Project Management.
Pay by Experience Level for Vice President (VP), Engineering
Pay by Experience for a Vice President (VP), Engineering has a positive trend. An entry-level Vice President (VP), Engineering with less than 5 years of experience can expect to earn an average total compensation of $135,000 based on 55 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Engineering 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 124 salaries. An experienced Vice President (VP), Engineering which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $175,000 based on 538 salaries. A Vice President (VP), Engineering with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $189,000 based on 672 salaries.
Pay Difference by Location
Surpassing the national average by 38 percent, VPs of Engineering in San Jose receive some of the highest pay in the country. VPs of Engineering can also look forward to large paychecks in cities like Denver (+16 percent), New York (+14 percent), San Francisco (+13 percent), and Detroit (+11 percent). The smallest paychecks in the market, 10 percent south of the national average, can be found in Austin. Not at the bottom but still paying below the median are employers in Los Angeles and Dallas (5 percent lower and 4 percent lower, respectively).
Vice President (VP), Engineering Reviews
Related Job Salaries
Key Stats for Vice President (VP), Engineering
Gender
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Female
4 % |
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Male
96 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 348 votes. |
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