Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between corporate vice presidents 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 corporate vice president, becoming a group vice president takes usually requires 6-8 years. Additionally, a group vice president has an average salary of $167,679, which is higher than the $165,788 average annual salary of a corporate vice president.
The top three skills for a corporate vice president include risk management, portfolio and oversight. The most important skills for a group vice president are financial services, healthcare, and project management.
| Corporate Vice President | Group Vice President | |
| Yearly salary | $165,788 | $167,679 |
| Hourly rate | $79.71 | $80.61 |
| Growth rate | 6% | 17% |
| Number of jobs | 69,051 | 51,499 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
A corporate vice president is an executive professional who is vital in managing staff and supervising departmental operations of a corporation. Corporate vice presidents must assist the president and the board of directors in designing the overall mission, values, and strategic goals of the corporation. As determined by the business's strategic goals, vice presidents must contribute to sales innovations, strategic business development, and the profitability of the corporation. Corporate vice presidents must also attend meetings with the board of directors to share information about competitors and expansion opportunities.
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.
Corporate vice presidents and group vice presidents have different pay scales, as shown below.
| Corporate Vice President | Group Vice President | |
| Average salary | $165,788 | $167,679 |
| Salary range | Between $113,000 And $242,000 | Between $106,000 And $264,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | Nevada | Alaska |
| Best paying company | Brookfield Properties | Citi |
| Best paying industry | Hospitality | Finance |
There are a few differences between a corporate vice president and a group vice president in terms of educational background:
| Corporate Vice President | Group Vice President | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between corporate vice presidents' and group vice presidents' demographics:
| Corporate Vice President | Group Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 73.8% Female, 26.2% | Male, 71.5% Female, 28.5% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.6% 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% |