Do you want to be a Vice President of Information Technology? Do you want to know about the VP Information Technology Salary?
This position in the world of information technology is a prominent one. Aside from being in a company executive, this job offers a pay above average.
So what is the VP Information Technology salary?
VP Information Technology Salary
The salary of a VP of IT depends on experience. So let’s discuss each annual salary including compensations. Aside from the base annual salary, these include tips, bonuses, and overtime pay.
First, an entry-level VP of IT with less than a year of experience in the position can expect an average of $95,385 yearly.
Then, as he progresses with his career, his total salary will then increase. With 1 to 4 years of experience, a VP of IT can earn an average of $117,784 yearly.
A mid-career VP of IT with 5 to 9 years of experience earns an average of a total yearly salary of $130,085.
Afterward, one becomes an experienced VP of IT with 10 to 19 years of experience. He will then be able to receive an estimated $150,922 of annual salary.
In their late career, about 20 years and above, the estimated annual salary will increase. It will be an average of $162,972. Some even report a salary of about $240,000 yearly.
Other Benefits
As mentioned above, these estimates only include the base annual salary. Also tips, bonuses, and overtime pay.
Other benefits that come with being a VP of IT are:
- Equity or stock compensation
- Retirement benefits
- Healthcare benefits (medical, dental, vision, etc.)
These are not limited to these items and vary per company.
Job Description
The Vice President of Information Technology is a high-level position. They guide the information technology department of their company.
Also, they oversee the company’s technology initiatives. As well as IT changes and updates to all projects.
Their job description includes these basic requirements:
- design of organizational information systems
- development of software applications
- implementation of infrastructure systems
- IT support
Moreover, a VP of IT must also hold these qualities and skills:
- Leadership
- IT Management
- IT Security and Infrastructure
- Strategic Project Management
- Cloud Computing
- Strategic Planning
Aside from the technical skills, this position needs strong interpersonal skills. That’s why leadership is leading on the list because they need to be able to handle one or several IT teams.
Also, a VP of IT must be able to develop a good business relationship with vendors and associates.
On the other hand, as someone who holds this high-level position, they usually work in a cozy office. And works in a 40-hour workweek.
Any work beyond this workweek will be compensated by overtime pay.
Education
To be able to work as a VP of Information Technology, you must have a Master’s degree in Computer Science. Or Master’s Degree in Information Technology.
But it is most beneficial if you have an MBA in Information Technology or Computer Science.
This is because companies want someone knowledgeable in both IT and business.
Conclusion
So, are you interested in the VP Information Technology salary? Hopefully, this article enlightened you. Do want to pursue this career or not?
