An assistant vice president is responsible for supporting the company's strategies and procedures for growth and development, working alongside the board executives. Assistant vice presidents should ensure that all the company's policies and legal procedures comply with all employees. They also supervise every operations department's head to ensure the smooth flow of business processes, providing additional assistance and resources as needed. Assistant vice presidents also monitor the company's expenses and sales goals to improve the business' performance and profitability.

Assistant Vice President Responsibilities

Here are examples of responsibilities from real assistant vice president resumes representing typical tasks they are likely to perform in their roles.

  • Implement budget report which allow unit to achieve expense objective of $25MM/397 FTE target.
  • Manage daily ACH transfers and wire transactions including verifying all investor distributions are process.
  • Prepare presentations, contracts, manage logistics, provide quality control and safety requirements.
  • Lead the implementation of a new third-party ERP system, introducing sophisticate enterprise management system where none exist previously.
  • Achieve high revenue processing volume by leveraging consultative selling skills, including all major stakeholders and cultivating internal investment partnerships.
  • Maintain AVP calendar; prepare AVP expense reports; verify accuracy of RSD/Staff expense reports for AVP to approve.
  • Develop tools and utilities using Perl, Java, and c #for grammar development, analysis, and tuning.
  • Programme using SQL code to creatively solve problems and come up with the most effective, efficient design for the client.
  • Provide services and coordinate professional, corporate and private meetings/event logistics for clients.
  • Analyze or create SQL database queries require for investigating call recording issues and capacity management.
Assistant Vice President Traits
Leadership skills directly correlate with a person's ability to lead others toward success or an accomplishment.
Management skills directly correlate with a person's ability to communicate and lead others while being able to solve problems..
Problem-solving skills is the way that one is able to effectively solve a problem in a timely manner.

Assistant Vice President Job Description

When it comes to understanding what an assistant vice president does, you may be wondering, "should I become an assistant vice president?" The data included in this section may help you decide. Compared to other jobs, assistant vice presidents have a growth rate described as "as fast as average" at 6% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of assistant vice president opportunities that are predicted to open up by 2028 is 150,600.

On average, the assistant vice president annual salary is $113,790 per year, which translates to $54.71 an hour. Generally speaking, assistant vice presidents earn anywhere from $82,000 to $156,000 a year, which means that the top-earning assistant vice presidents make $74,000 more than the ones at the lower end of the spectrum.

Once you've become an assistant vice president, you may be curious about what other opportunities are out there. Careers aren't one size fits all. For that reason, we discovered some other jobs that you may find appealing. Some jobs you might find interesting include a business director, senior director, president/chief executive officer, and chief operating officer.

Assistant Vice President Jobs You Might Like

Assistant Vice President Resume Examples

Assistant Vice President Skills and Personality Traits

We calculated that 13% of Assistant Vice Presidents are proficient in Procedures, AVP, and Customer Service. They’re also known for soft skills such as Leadership skills, Management skills, and Problem-solving skills.

We break down the percentage of Assistant Vice Presidents that have these skills listed on their resume here:

  • Procedures, 13%

    Interpreted and translated specific IS business requirements into technical requirements, and develop new and improved technical procedures and process controls.

  • AVP, 8%

    Awarded a meritorious promotion from Litigation Specialist II to AVP Mortgage Resolution Associate due to exceeding expectations on litigated case handling

  • Customer Service, 6%

    Manage the daily business operations, including oversight of all departments related directly to credit information product fulfillment and customer service.

  • Financial Statements, 5%

    Analyzed financial statements, variances, developed findings and offered recommendations through daily calls and monthly operational reports to corporate management.

  • Risk Management, 5%

    Developed and implemented a Microsoft Access based executive compensation planning and management application for the banks Finance and Risk Management department.

  • Ensure Compliance, 4%

    Restructured the Latin American Fixed Income Operations department and established control processes to ensure compliance with internal and external regulatory requirements.

"procedures," "avp," and "customer service" aren't the only skills we found assistant vice presidents list on their resumes. In fact, there's a whole list of assistant vice president responsibilities that we found, including:

  • Leadership skills can be considered to be the most important personality trait for an assistant vice president to have. According to a assistant vice president resume, "top executives must be able to lead an organization successfully by coordinating policies, people, and resources." Assistant vice presidents are able to use leadership skills in the following example we gathered from a resume: "joined organization as a staffing manager and received multiple promotions for over achieving upon sales goals and exhibiting strong leadership qualities. "
  • While it may not be the most important skill, we found that many assistant vice president duties rely on management skills. This example from a assistant vice president explains why: "top executives must shape and direct the operations of an organization." This resume example is just one of many ways assistant vice presidents are able to utilize management skills: "worked closely with team management in meeting sales goals and strengthening customer relationship for assigned territory. "
  • Assistant vice presidents are also known for problem-solving skills, which can be critical when it comes to performing their duties. An example of why this skill is important is shown by this snippet that we found in a assistant vice president resume: "top executives need to identify and resolve issues within an organization" We also found this resume example that details how this skill is put to the test: "identified and advised appropriate investment solutions for clients while exceeding sales goals. "
  • An assistant vice president responsibilities sometimes require "time-management skills." The responsibilities that rely on this skills are shown by this resume excerpt: "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." This resume example shows how this skill is used by assistant vice presidents: "applied strategic planning, prioritization, and project management skills toward consistently achieving critical deadlines while maintaining high quality standards. "
  • Yet another important skill that an assistant vice president must demonstrate is "communication skills." Top executives must be able to communicate clearly and persuasively This is clearly demonstrated in this example from an assistant vice president who stated: "developed both the java servlet program and the mainframe cobol/cics transaction, and configured the cross-platform communication channel. "
  • See the full list of assistant vice president skills.

    Before becoming an assistant vice president, 71.9% earned their bachelor's degree. When it comes down to graduating with a master's degree, 16.2% assistant vice presidents went for the extra education. If you're wanting to pursue this career, it may be impossible to be successful with a high school degree. In fact, most assistant vice presidents have a college degree. But about one out of every nine assistant vice presidents didn't attend college at all.

    Those assistant vice presidents who do attend college, typically earn either a business degree or a finance degree. Less commonly earned degrees for assistant vice presidents include a accounting degree or a economics degree.

    When you're ready to become an assistant vice president, you might wonder which companies hire assistant vice presidents. According to our research through assistant vice president resumes, assistant vice presidents are mostly hired by Citigroup, Synchrony Financial, and Zurich. Now is a good time to apply as Citigroup has 305 assistant vice presidents job openings, and there are 145 at Synchrony Financial and 96 at Zurich.

    But if you're interested in companies where you might earn a high salary, assistant vice presidents tend to earn the biggest salaries at Kemper, Travelers, and Nationwide Mutual Insurance .. Take Kemper for example. The median assistant vice president salary is $152,758. At Travelers, assistant vice presidents earn an average of $149,860, while the average at Nationwide Mutual Insurance .. is $149,839. You should take into consideration how difficult it might be to secure a job with one of these companies.

    View more details on assistant vice president salaries across the United States.

    The three companies that hire the most prestigious assistant vice presidents are:

      What Business Directors Do

      Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.

      In this section, we take a look at the annual salaries of other professions. Take business director for example. On average, the business directors annual salary is $23,371 higher than what assistant vice presidents make on average every year.

      While their salaries may differ, one common ground between assistant vice presidents and business directors are a few of the skills required in each craft. In both careers, employees bring forth skills like customer service, financial statements, and risk management.

      There are some key differences in responsibilities as well. For example, an assistant vice president responsibilities require skills like "procedures," "avp," "powerpoint," and "regulatory agencies." Meanwhile a typical business director has skills in areas such as "healthcare," "sigma," "business strategy," and "medicare." This difference in skills reveals how truly different these two careers really are.

      Business directors receive the highest salaries in the pharmaceutical industry coming in with an average yearly salary of $157,788. But assistant vice presidents are paid more in the insurance industry with an average salary of $121,271.

      On average, business directors reach similar levels of education than assistant vice presidents. Business directors are 2.3% more likely to earn a Master's Degree and 4.0% more likely to graduate with a Doctoral Degree.

      What Are The Duties Of a Senior Director?

      Senior directors are the top management who manage the overall corporate structure of a brand. These executives take responsibility for the planning, operations, and profitability of the company. They direct and control all the functions of businesses. Their jobs cover the advertising, marketing, sales, and promotions of products and services. They are the people behind the tactical and strategic management of every asset of the enterprise through different programs.

      The next role we're going to look at is the senior director profession. Typically, this position earns a higher pay. In fact, they earn a $55,416 higher salary than assistant vice presidents per year.

      A similarity between the two careers of assistant vice presidents and senior directors are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "procedures," "customer service," and "risk management. "

      But both careers also use different skills, according to real assistant vice president resumes. While assistant vice president responsibilities can utilize skills like "avp," "financial statements," "powerpoint," and "sql," some senior directors use skills like "healthcare," "analytics," "portfolio," and "sr."

      It's been discovered that senior directors earn higher salaries compared to assistant vice presidents, but we wanted to find out where senior directors earned the most pay. The answer? The pharmaceutical industry. The average salary in the industry is $191,522. Additionally, assistant vice presidents earn the highest paychecks in the insurance with an average salary of $121,271.

      In general, senior directors study at higher levels of education than assistant vice presidents. They're 6.8% more likely to obtain a Master's Degree while being 4.0% more likely to earn a Doctoral Degree.

      How a President/Chief Executive Officer Compares

      Considered as the highest authority in a company, a president/chief executive officer is in charge of leading the company by implementing corporate decisions and shaping the organization to its fullest extent. They must craft strategic plans and guidelines, enforce policies and standards, direct the vision and mission, and address the public as the head of the company. Furthermore, a president/chief executive officer must maintain an active line of communication at all times as they must report to a board of directors and coordinate with other company employees.

      The president/chief executive officer profession generally makes a higher amount of money when compared to the average salary of assistant vice presidents. The difference in salaries is president/chief executive officers making $129,563 higher than assistant vice presidents.

      While looking through the resumes of several assistant vice presidents and president/chief executive officers we discovered that both professions have similar skills. These similarities include skills such as "financial statements," "risk management," and "oversight," but they differ when it comes to other required skills.

      As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from assistant vice presidents resumes, they are more likely to have skills like "procedures," "avp," "customer service," and "ensure compliance." But a president/chief executive officer might have skills like "financial management," "revenue growth," "product development," and "partnerships."

      Interestingly enough, president/chief executive officers earn the most pay in the technology industry, where they command an average salary of $123,363. As mentioned previously, assistant vice presidents highest annual salary comes from the insurance industry with an average salary of $121,271.

      President/chief executive officers are known to earn similar educational levels when compared to assistant vice presidents. Additionally, they're 3.1% less likely to graduate with a Master's Degree, and 3.2% less likely to earn a Doctoral Degree.

      Description Of a Chief Operating Officer

      A chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO. Among their duties include developing strategies and guidelines, reviewing reports, performing assessments, and implementing the company's policies, standards, and regulations. Additionally, they lead and empower staff to reach goals, helping solve issues and concerns when any arise.

      Now, we'll look at chief operating officers, who generally average a higher pay when compared to assistant vice presidents annual salary. In fact, the difference is about $42,419 per year.

      While their salaries may vary, assistant vice presidents and chief operating officers both use similar skills to perform their jobs. Resumes from both professions include skills like "procedures," "customer service," and "financial statements. "

      Each job requires different skills like "avp," "ensure compliance," "project management," and "powerpoint," which might show up on an assistant vice president resume. Whereas chief operating officer might include skills like "healthcare," "facility," "financial management," and "business strategy."

      In general, chief operating officers make a higher salary in the hospitality industry with an average of $133,761. The highest assistant vice president annual salary stems from the insurance industry.

      In general, chief operating officers reach similar levels of education when compared to assistant vice presidents resumes. Chief operating officers are 2.6% more likely to earn their Master's Degree and 1.8% more likely to graduate with a Doctoral Degree.