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Become An Assistant Vice President

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Working As An Assistant Vice President

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Communicating with Persons Outside Organization
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $128,000

    Average Salary

What Does An Assistant Vice President Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become An Assistant Vice President

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Average Length of Employment
Vice President 4.1 years
Corporate Director 3.9 years
Portfolio Manager 3.1 years
Top Careers Before Assistant Vice President
Manager 7.3%
Associate 5.2%
Consultant 5.0%
Analyst 5.0%
Director 4.8%
Supervisor 3.5%
Teller 3.4%
Internship 3.4%
Top Careers After Assistant Vice President
Consultant 7.1%
Director 4.6%
Manager 3.1%
President 2.9%
Owner 2.5%
Principal 2.1%

Do you work as an Assistant Vice President?

Assistant Vice President Demographics

Gender

Male

57.9%

Female

39.5%

Unknown

2.6%
Ethnicity

White

59.6%

Hispanic or Latino

14.8%

Black or African American

11.3%

Asian

10.5%

Unknown

3.7%
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Foreign Languages Spoken

Spanish

41.2%

French

12.5%

Mandarin

5.6%

German

5.4%

Portuguese

5.2%

Chinese

5.0%

Italian

4.0%

Russian

3.4%

Japanese

2.7%

Korean

2.6%

Cantonese

2.1%

Hindi

1.8%

Arabic

1.6%

Carrier

1.3%

Greek

1.2%

Urdu

1.2%

Hebrew

0.9%

Polish

0.9%

Gujarati

0.8%

Vietnamese

0.7%
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Assistant Vice President Education

Schools

University of Phoenix

13.2%

New York University

11.7%

Fordham University

6.1%

Villanova University

5.8%

Pace University - New York

5.7%

Northeastern University

4.7%

Cornell University

4.4%

DePaul University

4.3%

Columbia University

4.2%

Saint John's University - New York

4.1%

Hofstra University

4.0%

University of Chicago

4.0%

Boston University

4.0%

University of Delaware

3.8%

University of Connecticut

3.6%

George Washington University

3.5%

Northwestern University

3.3%

Michigan State University

3.3%

Baruch College of the City University of New York

3.2%

Temple University

3.2%
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Majors

Business

32.6%

Finance

19.3%

Accounting

9.6%

Management

5.1%

Economics

3.9%

Marketing

3.7%

Law

3.4%

Computer Science

3.0%

Political Science

2.5%

Human Resources Management

2.3%

Psychology

2.1%

Communication

2.0%

Education

1.8%

Computer Information Systems

1.5%

Real Estate

1.3%

Project Management

1.3%

Criminal Justice

1.2%

English

1.2%

History

1.0%

Mathematics

1.0%
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Degrees

Bachelors

42.3%

Masters

32.4%

Other

13.8%

Doctorate

3.9%

Associate

3.5%

Certificate

3.2%

Diploma

0.5%

License

0.3%
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Real Assistant Vice President Salaries

Job Title Company Location Start Date Salary
Assistant Vice President-F&A Consulting Genpact LLC New York, NY Jul 12, 2015 $220,813
Assistant Vice President The University of Southern California Los Angeles, CA May 01, 2016 $215,000
Assistant Vice President Coventry Development Corporation New York, NY Jan 09, 2016 $210,000
Assistant Vice President Wafra Capital Partners, Inc. New York, NY Nov 21, 2016 $206,232
Assistant Vice President, Service Line Northwell Health Manhasset, NY Jan 01, 2016 $204,120
Assistant Vice President, Structurer/Trader Jefferies LLC New York, NY Feb 24, 2016 $201,510
AVP, Banking, Technology, Media & Telecommunications Barclays Capital Inc. Menlo Park, CA Jan 01, 2016 $200,000
Assistant Vice President, Investment Banking Division Barclays Capital Inc. New York, NY Jan 05, 2016 $200,000
Assistant Vice President, Equity Capital Markets Barclays Capital Inc. New York, NY Mar 09, 2016 $200,000
Assistant Vice President, Banking-Advisory, Latin America Barclays Capital Inc. New York, NY Mar 09, 2016 $200,000
Assistant Vice President, Equity Capital Markets Barclays Capital Inc. New York, NY Sep 11, 2016 $200,000
Assistant Vice President, Industrials Group Barclays Capital Inc. New York, NY Mar 09, 2016 $200,000
Avp-Sales Valuelabs, Inc. Princeton, NJ Jun 17, 2015 $190,000
Assistant Vice President of Strategy Massachusetts Mutual Life Insurance Company Boston, MA Jul 28, 2015 $190,000
Assistant Vice President, Data Engineering Massachusetts Mutual Life Insurance Company Boston, MA Apr 21, 2015 $119,700 -
$161,900
Assistant Vice President-Data Science Massachusetts Mutual Life Insurance Company Amherst, MA Jul 12, 2015 $119,700 -
$161,900
Assistant Vice President-Data Science Massachusetts Mutual Life Insurance Company Amherst, MA Dec 14, 2015 $119,700 -
$161,900
Assistant Vice President of Data Science Massachusetts Mutual Life Insurance Company Amherst, MA Jun 08, 2015 $119,700 -
$161,900
Assistant Vice President-Data Science Massachusetts Mutual Life Insurance Company Amherst, MA Oct 27, 2016 $119,700 -
$161,900
Assistant Vice President-Data Science Massachusetts Mutual Life Insurance Company Boston, MA May 05, 2016 $119,700 -
$161,900
Assistant Vice President Polaris Consulting & Services Ltd. Buffalo, NY Jul 03, 2016 $119,167
Assistant Vice President Db Services Nj Inc. Jacksonville, FL Sep 01, 2015 $104,800
Assistant Vice President (Lead Technical Specialist) GTO Ists Core Infrastructure/Platform Delivery Db Services New Jersey, Inc. Jacksonville, FL Apr 25, 2016 $104,800
Assistant Vice President, Finance & Accounting China Merchants Bank Co., Ltd. New York, NY Apr 25, 2015 $104,600
AVP; Consultant-Applications Programmer Merrill Lynch Jacksonville, FL Sep 28, 2015 $104,550
AVP Maritime Finance Portfolio Cit Finance LLC New York, NY Jan 10, 2015 $104,520
AVP Maritime Finance Portfolio Cit Finance LLC New York, NY Apr 07, 2015 $104,520
Assistant Vice President BNP Paribas New York, NY Jan 10, 2016 $104,500

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AVERAGE SALARY FOR An Assistant Vice President

Average Yearly Salary
$128,000
View Detailed Salary Report
$83,000
Min 10%
$128,000
Median 50%
$128,000
Median 50%
$128,000
Median 50%
$128,000
Median 50%
$128,000
Median 50%
$128,000
Median 50%
$128,000
Median 50%
$196,000
Max 90%
Highest Paying City
Urban Honolulu, HI
Highest Paying State
Hawaii
Avg Experience Level
4.5 years
How much does an Assistant Vice President make at top companies?
The national average salary for an Assistant Vice President in the United States is $128,399 per year or $62 per hour. Those in the bottom 10 percent make under $83,000 a year, and the top 10 percent make over $196,000.

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Top Skills for An Assistant Vice President

  1. Financial Statements
  2. Ensure Compliance
  3. Procedures
You can check out examples of real life uses of top skills on resumes here:
  • Compiled database of loan applicants, credit histories, corporate financial statements and other financial information on commercial customers.
  • Organized and communicated information between owners, property management companies and government agencies to ensure compliance and/or correction to non-compliance issues.
  • Initiated standardization of procedures and call scripting ensuring alignment of resource performance with regulatory standards and consistent delivery of customer care.
  • Worked with middle market and small business clients to provide bank products and financial tools to effectively manage their cash.
  • Managed intellectual property portfolio, assisted with corporate governance, and directed various business initiatives.

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Top 10 Best States for Assistant Vice Presidents

  1. Rhode Island
  2. Illinois
  3. South Dakota
  4. District of Columbia
  5. New York
  6. New Jersey
  7. Massachusetts
  8. Georgia
  9. Texas
  10. Nebraska
  • (64 jobs)
  • (857 jobs)
  • (26 jobs)
  • (169 jobs)
  • (1,777 jobs)
  • (542 jobs)
  • (561 jobs)
  • (366 jobs)
  • (997 jobs)
  • (62 jobs)

Top Assistant Vice President Employers

Jobs From Top Assistant Vice President Employers

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