$124,221
Avg. Salary
$28.82
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$20,029

Profit Sharing

$9,775

Commission

$19,721

The average pay for a Vice President (VP), Operations is $28.82 per hour.

The average pay for a Vice President (VP), Operations is $124,221 per year.

$15
10%
$29
50%
$71
90%
MEDIAN $29
$71k
10%
$124k
50%
$196k
90%
MEDIAN $124,221
$71,256 - $196,452
$71K
$120K
$200K
MEDIAN: $124,221
10%
50%
90%

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$14.68 - $70.60
$15
$29
$71
MEDIAN: $28.82
10%
50%
90%

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$0$230K
Salary $71,256 - $196,452
Bonus $3,333 - $52,036
Profit Sharing $0.00 - $38,558
Commission $2,043 - $54,450
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).
)
$73,765 - $230,949
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2018
  • Individuals Reporting: 11,652
Hourly Data $0$71
Hourly Rate $14.68 - $70.60
Hourly Tips $0.11
Overtime $22.00 - $71.25
Annual Data $0$230K
Bonus $3,333 - $52,036
Commission $2,043 - $54,450
Profit Sharing $0.00 - $38,558
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).
)
$73,765 - $230,949
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2018
  • Individuals Reporting: 201

Job Description for Vice President (VP), Operations

The vice president of operations assists their company's president with day-to-day operations. These executives develop and implement a variety of strategies to maximize profits while maintaining an acceptable level of quality, as well as work on improving the supply chain to positively impact variables such as cost, quality and delivery time. Vice presidents of operations provide oversight and guidance to subordinates, follow up on projects assigned to staff and stay up to date on their company's research and development efforts. They also need to provide timely feedback and guidance for both subordinates and to fellow executives on operations-related issues.

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Vice President (VP), Operations Tasks

  • Provide leadership for the overall operating performance of the business.
  • Develop, monitor and administer financial program to maintain efficient, quality services.
  • Develop new resources and new revenue streams.
  • Evaluate operational processes and procedures, and develop strategies and implementation plans to improve and standardize all aspects of operations.

Popular Employer Salaries for Vice President (VP), Operations


Many VPs of Operations can be found at J.P. Morgan Chase & Co. (JPMCC), Citibank, Barclays Capital Inc, Bank of America Corp. (BOFA), and The Goldman Sachs Group, Inc., firms that are at the top of the field. The biggest paychecks can be found at Xerox Corporation — the median salary there is $158K. Other big spenders include State Street Bank, The Goldman Sachs Group, Inc., and J.P. Morgan Chase & Co. (JPMCC), top-paying firms where VPs of Operations see paychecks nearing $153K, $130K, or $130K.

Other low-paying employers include Citibank at $100K and Bank of America Corp. (BOFA) at $102K, though some VPs of Operations there earn up to $164K.

Common Career Paths for Vice President (VP), Operations


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VPs of Operations who go on to become Senior Vice Presidents of Operations may see their salaries climb quite a bit. Median pay for Senior Vice Presidents of Operations is $182K annually. It is quite typical for VPs of Operations to transition into roles as Presidents or Chief Operating Officers, where reported median earnings are $19K and $4K higher per year.

Vice President (VP), Operations Job Listings

Popular Skills for Vice President (VP), Operations


Survey takers working as VPs of Operations report using a large range of professional skills. Most notably, facility with Profit & Loss Statements, Lean Manufacturing, and Leadership are correlated to pay that is significantly above average, leading to increases of 25 percent, 22 percent, and 17 percent, respectively. Those listing Human Resources as a skill should be prepared for drastically lower pay. Customer Relationship Management and Project Management also typically command lower compensation. Those familiar with Operations Management also tend to know Project Management, Budget Management, and Strategic Planning.

Pay by Experience Level for Vice President (VP), Operations

Pay by Experience for a Vice President (VP), Operations has a positive trend. An entry-level Vice President (VP), Operations with less than 5 years of experience can expect to earn an average total compensation of $92,000 based on 703 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Operations with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $111,000 based on 1,278 salaries. An experienced Vice President (VP), Operations which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $137,000 based on 2,844 salaries. A Vice President (VP), Operations with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $155,000 based on 2,295 salaries.

Pay Difference by Location

National Average: $136,869

Larger city markers indicate a job is popular in that location.

For VPs of Operations, busy Philadelphia offers a higher-than-average pay rate, 32 percent above the national average. VPs of Operations will also find cushy salaries in Washington (+29 percent), San Francisco (+20 percent), Houston (+18 percent), and Boston (+16 percent). The smallest paychecks in the market, 20 percent south of the national average, can be found in Tampa. Employers also pay below the national average in San Diego (11 percent lower) and Phoenix (9 percent lower).

Vice President (VP), Operations Advice

Q: What is it like working as a Vice President (VP), Operations?

Vice President (VP), Operations in Great Bend:
"Steady."
Stay consistant with your people. Be prepared to negotiate with everybody on everything. Adhere to schedules.

Vice President (VP), Operations in Long Beach:
"Don't Work For A Friend."
Share knowledge and always search for something better.

Vice President (VP), Operations in Brainerd:
Be prepared to do the govt's job .. Too much compliance.

Vice President (VP), Operations in Ann Arbor:
"Start With Broad Based, Theoretical Education."
Elite schools offer broad based, theoretical education. This provides the opportunity to apply first principles to a many different fields of endeavor. Particularly for inventors and innovation leaders, having the broadest possible educational exposure assures the highest probability of success.

Vice President (VP), Operations in Louisville:
"Flexibility."
Listen, learn, apply.

Vice President (VP), Operations in Rochester:
"Organizational transition."
Be mindful of how the organization will look in the next 36 months.

Vice President (VP), Operations in Hagerstown:
"Make Sure You Get What You're Worth."
As the saying goes, "hire cheap, always cheap." I made the mistake of settling for far too low a salary. Don't make the same mistake.

Related Job Salaries

Key Stats for Vice President (VP), Operations

Gender

Female
31 %
Male
69 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1916 votes.
Less than 1 year
0%
1-4 years
7%
5-9 years
14%
10-19 years
37%
20 years or more
41%

Experience Affects Vice President (VP), Operations Salaries

▲13%

▼0%

National Average
$137,000

▼19%

▼33%

Skills That Affect Vice President (VP), Operations Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1916 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
0%
1-4 years
7%
5-9 years
14%
10-19 years
37%
20 years or more
41%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 74%
vision benefits
Vision: 63%
no benefits
None: 13%