Curiosity is everywhere, especially when it comes to “how much does a VP of IT make”. Do they receive the same salary as a Senior VP? What is their job to deserve it?
Check out the answers on this page.
How Much Does a VP of IT Make?
A VP of IT is a middle management executive who takes care of the Information Technology department. This position has a lot of responsibilities, and they need to be fulfilled so that the company can run smoothly.
The salary of a VP of IT is usually based on the company’s budget and success. An average salary for a VP of IT is $125,000 – $180,000 a year.
How about the Senior Vice President?
Senior Vice Presidents have more responsibilities and higher goals for the company. Their roles are similar to that of a CEO. They have a lot of responsibility on their shoulders, but they usually get a bigger salary than a VP of IT. The average salary for a Senior Vice President is $500,000 – $600,000.
The IT department has a lot of responsibilities in an organization. So you can imagine how stressful their job can be. To fulfill their jobs well, they need to have the right knowledge and skills in Information Technology.
What are the Jobs of VP of IT?
A VP of IT is a middle management executive who is in charge of the Information Technology department. He or she makes sure that the various IT functions run smoothly and they contribute to the company’s success. Here is what a VP of IT does:
1. Planning and Developing Information Technology Strategies
The first job is to make sure that all the IT strategies and plans are in good condition. They make sure that the IT vendors and partners are compliant with all the standards. A VP of IT has to make sure that the company’s technology is up-to-date with the market standards. They have to develop an information technology infrastructure for the company.
2. Managing Operations
One of their main jobs is to manage the operations of the company’s IT department. They have to supervise all the employees in their department so they can deliver quality services for their clients. They have to manage day-to-day operations, including planning, developing, organizing, leading, controlling, and directing all the employees in their department.
3. Implementing Security Policies
A VP of IT monitors risks related to critical infrastructures and oversees security policies implementation throughout the company.
4. Providing Advice on Technology Issues
VPS of IT is always there to advise on technology issues for both internal clients and external clients, such as customers or vendors. They also provide advice on new business opportunities related to technology.
5. Managing People Issues
VPS of IT doesn’t only manage people’s issues internally but also externally with outside vendors or partners who are associated with them in some way or another.
To Conclude
A VP of IT can be an entry-level position. It has a lot of responsibilities that are similar to that of a CEO. A VP of IT is responsible for the management, planning, developing, implementing, and directing of all information technology functions in the company. A VP of IT monitors risks related to critical infrastructures and oversees security policies implementation throughout the company. With that, they truly deserve their salary.
