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Corporate vice president vs group vice president

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 vs group vice president overview

Corporate Vice PresidentGroup Vice President
Yearly salary$165,788$167,679
Hourly rate$79.71$80.61
Growth rate6%17%
Number of jobs69,05151,499
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 73%
Average age5246
Years of experience-8

What does a corporate vice president do?

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.

What does a group vice president do?

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 president vs group vice president salary

Corporate vice presidents and group vice presidents have different pay scales, as shown below.

Corporate Vice PresidentGroup Vice President
Average salary$165,788$167,679
Salary rangeBetween $113,000 And $242,000Between $106,000 And $264,000
Highest paying CityWashington, DCSeattle, WA
Highest paying stateNevadaAlaska
Best paying companyBrookfield PropertiesCiti
Best paying industryHospitalityFinance

Differences between corporate vice president and group vice president education

There are a few differences between a corporate vice president and a group vice president in terms of educational background:

Corporate Vice PresidentGroup Vice President
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Corporate vice president vs group vice president demographics

Here are the differences between corporate vice presidents' and group vice presidents' demographics:

Corporate Vice PresidentGroup Vice President
Average age5246
Gender ratioMale, 73.8% Female, 26.2%Male, 71.5% Female, 28.5%
Race ratioBlack 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 Percentage12%11%

Differences between corporate vice president and group vice president duties and responsibilities

Corporate vice president example responsibilities.

  • Manage all corporate administration: accounting, payroll, employee relations, data processing, and all other administrative functions.
  • Manage company-wide initiative to implement internal control processes compliant with Sarbanes-Oxley.
  • Lead the consolidation of financial and operational systems for non-acute services including rehabilitation and psychiatry services.
  • Provide management oversight and support to international markets to ensure compliance with U.S. GAAP and internal management reporting requirements.
  • Work with outside consultants and CPA.
  • Produce payroll for thirty staff and union workers, make payroll deposits, and produce annual payroll documents.
  • Show more

Group vice president example responsibilities.

  • Lead managements of emerging healthcare companies to raise capital through initial public offerings and other financial alternatives.
  • Lead asset management function including budget development and analysis of and strategic planning for economic performance of real estate asset portfolio.
  • Perform asset management duties that cover project development and property management oversight.
  • Supervise, coordinate and provide oversight for budgeting and financial planning activities during site development.
  • Deliver strategic market planning and tactical implementation of programs to educate healthcare professionals and to further free exchange of scientific information.
  • Manage all aspects of portfolio management including: strategy development, capital and expense forecasting, process development and performance measurement.
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Corporate vice president vs group vice president skills

Common corporate vice president skills
  • Risk Management, 9%
  • Portfolio, 8%
  • Oversight, 7%
  • Project Management, 6%
  • Financial Statements, 5%
  • Real Estate, 4%
Common group vice president skills
  • Financial Services, 8%
  • Healthcare, 7%
  • Project Management, 6%
  • Due Diligence, 5%
  • Oversight, 5%
  • Direct Reports, 5%

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