The salary of VP of Information United Kingdom is a competitive one. Do you want to know how much is it?
One has a lot of responsibility. But this job has a lot to be desired for. And one of them is its perks and salary.
If you’re a resident, read on to know the salary of VP of Information United Kingdom.
Salary of VP of Information United Kingdom
Anywhere you go, the salary of a VP of Information Technology depends on experience. In this article, we’ll see the breakdown of salaries depending on work experience.
Also, this breakdown adds tips, bonuses, and overtime pay aside from the base annual salary.
First-tier is the VP of IT with an early career of 1 to 4 years. As an entry-level salary, they can earn an annual average of £72,617.
Then, as he advances into a mid-career VP with 5 to 9 years of experience, a salary increase is then seen. With an average of £90,000 annually.
Next, one’s considered an experienced Vice President of IT if he has 10 to 19 years of experience on his plate. The annual salary will then see an increase of up to £98,637.
And finally, a VP of IT in his late-career of 20 years of higher can earn a 6-digit annual average. This can be around £109,405.
All these breakdowns are average and may vary per company. Some may be lower and some even higher.
Other Benefits
Aside from the basic annual pay, tips, bonuses, and overtime pay, a VP of IT can also enjoy other benefits.
These perks include but are not limited to:
- Healthcare benefits (medical, dental, vision, etc.)
- Retirement benefits
- Equity or stock compensation
- Other non-cash benefits
With what kinds of benefits one may receive, it can vary per company.
But with all these perks, what is the job description of being a VP of IT?
VP of IT Job Description
Being a VP of Information Technology is a high-level position. It is an executive-level job and a step behind being a CIO.
They are the ones responsible for guiding the IT department of their company. This is to ensure they have the right technology at the right time and price.
Additionally, they oversee the company’s technology initiatives. And IT changes and updates to all their projects.
They also test IT systems to ensure good quality. Also, the future of the company’s technology relies on them.
Likewise, an efficient VP of IT must hold these qualities and skills and more:
- Leadership
- Cloud Computing
- IT Security and Infrastructure
- Strategic Planning
- IT Management
- Strategic Project Management
Further, knowledge on the technical side of the job is not all they need.
Aside from leadership, interpersonal skills are also important. As one must need to lead a team or more. And also must deal with different vendors and associates.
Conclusion
Yes, being a VP of IT has a lot on his plate. Being an executive is no easy job. But it does compensate well with the hard work that is needed.
Do you want to be one? Go for it!
