The VP of Information Technology salary looks promising nowadays. That is why a lot of IT professionals are eyeing to be one. Why?
Because this is a prominent position. There are a lot of things that come with being an executive like a VP of IT.
If you want to know more, let us dig deeper into this article.
VP of Information Technology Salary
First off, the salary of a VP of IT will depend on the person’s experience.
So, let us see what you can earn when you become a VP of IT:
- Entry-level. When starting with less than a year of experience, you can earn a yearly pay of $95,385.
- Early career. After hitting a year up to four years in the position, you can have an annual salary of $$117,784.
- Mid-career. Next, once you get to your fifth to the ninth year, then you can enjoy a salary of $130,085 per year.
- Experienced. Once you become an experienced VP of IT with ten to nineteen years on your belt, you can earn around $150,922 a year.
- Late career. After being in the position for two decades or more, then you can enjoy a salary of $162,972 each year. But some even report having earned up to a whopping $240,000.
Well, that looks promising! But aside from the basic pay, a VP of IT also enjoys other perks depending on their company. What are these?
VP of Information Technology Other Benefits
As said, aside from the basic pay, they receive other perks. These include bonuses, tips, commissions, and overtime pay.
But aside from the monetary payment, they receive other kinds of benefits. Like:
- healthcare benefits (medical, dental, vision, etc.)
- retirement benefits
- equity or stock compensation
Of course, some may even enjoy more benefits. But what does a VP of IT do? A high salary also means high-level tasks. Let us see what this role entails.
Roles and Skills
As said, a VP of IT is a high-level position, being an executive and all. So, they will have people under them that they will guide. And that is their company’s IT department.
So, they will have to oversee the department’s activities. As well as their tech initiatives, projects, and more.
Then, he will also need to have good relations with vendors and associates. Because they will be the ones to face them during meetings and more.
So, if you want to be a VP of IT, you should have these skills:
- IT Security and Infrastructure
- IT Management
- Strategic Project Management
- Cloud Computing
- and more
But aside from the technical skills, you will also need to have strong soft skills. Like strategic planning and leadership. These will help you lead a company’s IT team.
Further, solid interpersonal skill is also crucial. This is what will help you have good relations with your team and vendors. As well as your co-executives.
So, if you think you have all the skills, then what are you waiting for? Go ahead and pursue this career. This job might be for you.
