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The differences between chief executive officers and group vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a chief executive officer, becoming a group vice president takes usually requires 6-8 years. Additionally, a chief executive officer has an average salary of $192,260, which is higher than the $167,679 average annual salary of a group vice president.
The top three skills for a chief executive officer include healthcare, patients and patient care. The most important skills for a group vice president are financial services, healthcare, and project management.
| Chief Executive Officer | Group Vice President | |
| Yearly salary | $192,260 | $167,679 |
| Hourly rate | $92.43 | $80.61 |
| Growth rate | 6% | 17% |
| Number of jobs | 149,185 | 51,499 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 73% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
A group vice president is primarily in charge of implementing an organization or group's policies and regulations, including its vision and mission. Most of the time, they directly report progress to the president and assist in carrying out new programs and protocols that optimize the overall business procedures. Their responsibilities also include researching new business opportunities, developing solutions on organizational issues, setting goals and objectives, overseeing the performance of the workforce, and monitoring the workflow to ensure efficiency and growth.
Chief executive officers and group vice presidents have different pay scales, as shown below.
| Chief Executive Officer | Group Vice President | |
| Average salary | $192,260 | $167,679 |
| Salary range | Between $104,000 And $354,000 | Between $106,000 And $264,000 |
| Highest paying City | Urban Honolulu, HI | Seattle, WA |
| Highest paying state | Hawaii | Alaska |
| Best paying company | Alecto Healthcare Services LLC | Citi |
| Best paying industry | Start-up | Finance |
There are a few differences between a chief executive officer and a group vice president in terms of educational background:
| Chief Executive Officer | Group Vice President | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between chief executive officers' and group vice presidents' demographics:
| Chief Executive Officer | Group Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 71.5% Female, 28.5% |
| Race ratio | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.2% Asian, 10.0% White, 63.9% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 11% |