Senior Vice President

Search MBA Specializations

The following article discusses the career of Senior Vice President highlighting what they do, the work environment, how to become, training and certification, education, job and salary outlook.

What We Do

As a senior vice present, you will work with the rest of the senior management team in order to develop objectives and strategies to achieve them, as well as identify obstacles. Annual targets and new markets will be identified, and you will monitor whether the strategies are working towards achieving these. You will also manage the various divisions of the company you work for. Finally, you will be responsible for financial and accounting analysis, while monitoring losses and profits.

Work Environment

Senior vice presidents usually work in an office environment. Their hours are often unsocial due to overtime and travel is regularly required.

How to Become

Becoming a senior vice president is down to a combination of soft skills, formal education and experience. Essentially, you must be able to prove previous success to be considered.

Training & Certification Requirements

Generally speaking, you will need to hold a master’s degree in a field such as finance or management. Additionally, you will be required to hold at least 10 years of experience related to the field of your organization, with many now seeking those who have at least 15 years of experience.

Education Requirements

Master’s

Job Outlook

According to the U.S. Bureau of Labor Statistics, all top executives can expect to see a growth of 6% between 2014 and 2024, which is as fast as the national average.

National Salary

The national average salary estimate for Senior Vice President was $157,337. This number is estimated from over 4,538 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $81.95 and monthly of $13,111.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$37,000

$361,000

Salary Distribution

Salary by State

The following section lists Senior Vice President salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, Delaware had the largest quoted salary of $214,974 while Hawaii had the smallest quoted salary of $63,000.

Alaska$75,000 Rank: 49th

The average salary ranks 49th among states in the country. There were no current job openings from employers in this state.

Alabama$104,000 Rank: 12th

The average salary ranks 12th among states in the country. There were no current job openings from employers in this state.

Arkansas$104,000 Rank: 13th

The average salary ranks 13th among states in the country. There were no current job openings from employers in this state.

Arizona$133,000 (▼15% Below national average) Rank: 45th

The average salary ranks 45th among states in the country. There were also job openings from employers like The Premier Partners.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$38,000

$284,000

Salary Distribution
California$166,072 (▲6% Above national average) Rank: 8th

The average salary ranks 8th among states in the country. There were also job openings from employers like Intelligent Management Consulting Inc, BMC Software, Harnham, and Nelson & Associates.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$36,000

$390,000

Salary Distribution
Colorado$164,604 (●Meets national average) Rank: 34th

The average salary ranks 34th among states in the country. There were also job openings from employers like The Premier Partners and City and County of Denver.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$36,000

$388,000

Salary Distribution
Connecticut$118,000 Rank: 4th

The average salary ranks 4th among states in the country. There were no current job openings from employers in this state.

DC$168,248 (▲7% Above national average) Rank: 1st

The average salary ranks 1st among states in the country. There were also job openings from employers like Hawthorne Lane and Hamilton Mayer.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$46,000

$366,000

Salary Distribution
Delaware$214,974 (▲37% Above national average) Rank: 39th

The average salary ranks 39th among states in the country. There were also job openings from employers like MetLife.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$78,000

$418,000

Salary Distribution
Florida$146,203 (▼7% Below national average) Rank: 28th

The average salary ranks 28th among states in the country. There were also job openings from employers like MMS Group, Robert Half Management Resources, Citi, and mARTo consulting, LLC.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$31,000

$346,000

Salary Distribution
Georgia$153,434 (●Meets national average) Rank: 5th

The average salary ranks 5th among states in the country. There were also job openings from employers like TALON and SunTrust.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$32,000

$367,000

Salary Distribution
Hawaii$63,000 Rank: 52nd

The average salary ranks 52nd among states in the country. There were no current job openings from employers in this state.

Iowa$113,712 (▼28% Below national average) Rank: 17th

The average salary ranks 17th among states in the country. There were also job openings from employers like Management Recruiters of Wausau.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$26,000

$262,000

Salary Distribution
Idaho$67,000 Rank: 51st

The average salary ranks 51st among states in the country. There were no current job openings from employers in this state.

Illinois$155,666 (●Meets national average) Rank: 6th

The average salary ranks 6th among states in the country. There were also job openings from employers like CONFIDENTIAL – MAJOR BANK.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$38,000

$352,000

Salary Distribution
Indiana$152,417 (●Meets national average) Rank: 24th

The average salary ranks 24th among states in the country. There were also job openings from employers like Client Growth Consultants.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$54,000

$300,000

Salary Distribution
Kansas$94,000 Rank: 31st

The average salary ranks 31st among states in the country. There were no current job openings from employers in this state.

Kentucky$89,000 Rank: 41st

The average salary ranks 41st among states in the country. There were no current job openings from employers in this state.

Louisiana$92,000 Rank: 33rd

The average salary ranks 33rd among states in the country. There were no current job openings from employers in this state.

Massachusetts$170,400 (▲8% Above national average) Rank: 3rd

The average salary ranks 3rd among states in the country. There were also job openings from employers like Daley and Associates, Michael Page, MRINetwork, and BOSTON GROUP EXECUTIVE OFFICES.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$47,000

$368,000

Salary Distribution
Maryland$105,000 Rank: 11th

The average salary ranks 11th among states in the country. There were no current job openings from employers in this state.

Maine$91,000 Rank: 35th

The average salary ranks 35th among states in the country. There were no current job openings from employers in this state.

Michigan$104,000 Rank: 14th

The average salary ranks 14th among states in the country. There were no current job openings from employers in this state.

Minnesota$116,758 (▼26% Below national average) Rank: 40th

The average salary ranks 40th among states in the country. There were also job openings from employers like Management Recruiters of Wausau and LDA Enterprises, Ltd.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$26,000

$271,000

Salary Distribution
Missouri$101,000 Rank: 18th

The average salary ranks 18th among states in the country. There were no current job openings from employers in this state.

Mississippi$107,000 Rank: 9th

The average salary ranks 9th among states in the country. There were no current job openings from employers in this state.

Montana$86,000 Rank: 43rd

The average salary ranks 43rd among states in the country. There were no current job openings from employers in this state.

North Carolina$150,005 (●Meets national average) Rank: 25th

The average salary ranks 25th among states in the country. There were also job openings from employers like Wells Fargo, Selby Jennings, Bank Of America, and Sherpa LLC.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$34,000

$347,000

Salary Distribution
North Dakota$91,000 Rank: 36th

The average salary ranks 36th among states in the country. There were no current job openings from employers in this state.

Nebraska$114,109 (▼27% Below national average) Rank: 50th

The average salary ranks 50th among states in the country. There were also job openings from employers like Management Recruiters of Wausau and Farm Credit Services of America, ACA.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$21,000

$281,000

Salary Distribution
New Hampshire$101,000 Rank: 19th

The average salary ranks 19th among states in the country. There were no current job openings from employers in this state.

New Jersey$155,177 (●Meets national average) Rank: 7th

The average salary ranks 7th among states in the country. There were also job openings from employers like Robert Half, Phibro Animal Health Corporation, General Placement Service, and Bank Of America.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$37,000

$355,000

Salary Distribution
New Mexico$89,000 Rank: 42nd

The average salary ranks 42nd among states in the country. There were no current job openings from employers in this state.

Nevada$78,000 Rank: 47th

The average salary ranks 47th among states in the country. There were no current job openings from employers in this state.

New York$174,592 (▲11% Above national average) Rank: 2nd

The average salary ranks 2nd among states in the country. There were also job openings from employers like Parker and Lynch, Parker+Lynch, Media, NYC, and Robert Half Finance & Accounting.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$50,000

$374,000

Salary Distribution
Ohio$118,805 (▼24% Below national average) Rank: 26th

The average salary ranks 26th among states in the country. There were also job openings from employers like Proforma, Hamilton Recruitment, and Franchise Career Advisors.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$18,000

$311,000

Salary Distribution
Oklahoma$109,487 (▼30% Below national average) Rank: 29th

The average salary ranks 29th among states in the country. There were also job openings from employers like BOK Financial.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$32,000

$232,000

Salary Distribution
Oregon$99,000 Rank: 21st

The average salary ranks 21st among states in the country. There were no current job openings from employers in this state.

Pennsylvania$147,832 (▼6% Below national average) Rank: 22nd

The average salary ranks 22nd among states in the country. There were also job openings from employers like Client Growth Consultants, ETS, ETS Inc., and PNC Bank.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$39,000

$326,000

Salary Distribution
Rhode Island$139,338 (▼11% Below national average) Rank: 32nd

The average salary ranks 32nd among states in the country. There were also job openings from employers like Citizens Bank.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$31,000

$324,000

Salary Distribution
South Carolina$101,000 Rank: 20th

The average salary ranks 20th among states in the country. There were no current job openings from employers in this state.

South Dakota$77,000 Rank: 48th

The average salary ranks 48th among states in the country. There were no current job openings from employers in this state.

Tennessee$95,000 Rank: 30th

The average salary ranks 30th among states in the country. There were no current job openings from employers in this state.

Texas$155,596 (●Meets national average) Rank: 23rd

The average salary ranks 23rd among states in the country. There were also job openings from employers like Mackenzie Stuart plc, Goodall Brazier, Amer Technology, Inc, and Hays.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$40,000

$347,000

Salary Distribution
Utah$80,000 Rank: 46th

The average salary ranks 46th among states in the country. There were no current job openings from employers in this state.

Virginia$145,101 (▼8% Below national average) Rank: 15th

The average salary ranks 15th among states in the country. There were also job openings from employers like Bank Of America and SunTrust.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$29,000

$349,000

Salary Distribution
Vermont$91,000 Rank: 37th

The average salary ranks 37th among states in the country. There were no current job openings from employers in this state.

Washington$144,132 (▼8% Below national average) Rank: 10th

The average salary ranks 10th among states in the country. There were also job openings from employers like Jubilant HollisterStier Spokan.

  • .
  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .

$38,000

$317,000

Salary Distribution
Wisconsin$170,736 (▲9% Above national average) Rank: 38th

The average salary ranks 38th among states in the country. There were also job openings from employers like Marine Credit Union.

  • .
  • .
  • Most Reported
  • .
  • .
  • .
  • .
  • .
  • .
  • .

$34,000

$415,000

Salary Distribution
West Virginia$97,000 Rank: 27th

The average salary ranks 27th among states in the country. There were no current job openings from employers in this state.

Wyoming$85,000 Rank: 44th

The average salary ranks 44th among states in the country. There were no current job openings from employers in this state.

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Senior Vice President. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary

References

*Indicates number of job postings as of June, 2017.

Take the First Step

In an increasingly global, competitive marketplace, having MBA-level management and leadership skills are absolutely critical to your career progression. An accredited Online MBA will provide the opportunity to better serve your current company or business.

Use our website to learn about all of the accredited online MBA options available to you today.