The average salary for a Vice President (VP), Operations at Bank of America Corporation is $92,903.
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$95k - $123k
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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…Read more
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
The top respondents for the job title Vice President (VP), Operations are from the companies J.P. Morgan Chase & Co. (JPMCC), The Goldman Sachs Group, Inc. and Citibank. Reported salaries are highest at Morgan Stanley where the average pay is $124,935. Other companies that offer high salaries for this role include Planned Parenthood and The Goldman Sachs Group, Inc., earning around $124,916 and $123,104, respectively. Citigroup, Inc. pays the lowest at around $78,869. Bank of America Corp. (BOFA) and Citibank also pay on the lower end of the scale, paying $104,075 and $104,465, respectively.
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Popular Skills for Vice President (VP), Operations
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