Do you want to move to Minneapolis? And want to know the VP of Information Minneapolis average salary per year is?
Minneapolis is the largest city in Minnesota. It also has the largest population within the state with a census of 429,606 people in the last year.
It is also known for many high-rise offices and buildings within the city. And is boasting vibrant nightlife.
People also welcome newcomers and visitors warmly. With the quality of “Minnesota Nice” being instilled in most of them.
If this is one of the factors that you considered before moving, then what a good choice. What more if you learn about the VP of Information Minneapolis is.
If you’re a VP of IT or want to be one in this beautiful Minnesotan city, then go ahead and read on.
VP of Information Minneapolis: How Much is the Pay?
This is good news for aspiring VPs of Information Technology in Minneapolis. The salary is very competitive and it offers what is beyond average versus other jobs.
The average annual salary is around $164,244. But if you want to include other cash benefits such as overtime pay, tips, and bonuses, then it’s even higher.
It can range from $112,000 to about a drooling $249,000 per year. Meaning, one can earn up to $20,750 monthly! Wow, right?
The average annual salary is also dependent on one’s experience in the field. This is aside from the other cash benefits mentioned above.
In his early career, a VP of IT may earn the lowest of the bracket average of about $112,000.
But, an experienced VP of IT with 10 to 19 years of experience can earn around $160,000 per year.
And, if one gets to their 20th year or above, their salary can be an annual average of around $153,011.
All these figures look nice, right? But that’s not all of it! There are other benefits to being a company’s VP of IT.
Other Perks in Being a VP of IT
Aside from the mentioned cash benefits above, they can also enjoy these:
- Healthcare benefits (vision, dental, medical)
- Retirement benefits
- Stock compensation
- Commissions
Also, they are entitled to overtime pay for work over their 40-hour workweek. They also have their own personal office.
But what does it mean to become a VP of IT?
What Does a VP of IT Do?
There are many responsibilities along with being a VP of IT. Among others is becoming an efficient leader. This is because they are the ones who handle and guide the company’s IT department.
Also need to keep up with the IT trend to make sure their company is up to date.
Additionally, they are responsible for all the buying and upgrading of the company’s IT systems.
It is not required that they know all IT systems detail per detail. That is the job of those under his department. What’s important is he has a grasp of it as a whole.
And, he needs to make sure that those systems can contribute to the company’s growth.
So, are you this VP of IT? Ready to move to Minneapolis, Minnesota?
