An assistant vice president is a member of senior management, filling an executive role at a corporation or a business, who reports to the vice president. Most commonly working for financial and academic institutions, the duties of assistant vice presidents vary, depending on the context. They generally oversee the processes of different departments and monitor their performance.
Their set of responsibilities depend on the size of their institution as well. Generally, they are responsible for creating company strategies and policies, supervising employees and operations, and managing funds.
It is common for assistant vice presidents in the financial sector to only hold a Bachelor's degree when they start working in a corporate setting and rise up the ladder through high performance on the job, networking, and getting promoted. As an assistant vice president in an academic setting, you probably have a Ph.D. or an Ed.D. degree.