What Does a Corporate Vice President Do?

In this section, we compare the average corporate vice president annual salary with that of a president & chief operating officer. Typically, president & chief operating officers earn a $46,194 higher salary than corporate vice presidents earn annually.

While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both corporate vice presidents and president & chief operating officers positions are skilled in risk management, oversight, and real estate.

There are some key differences in responsibilities as well. For example, a corporate vice president responsibilities require skills like "portfolio," "project management," "financial statements," and "treasury." Meanwhile a typical president & chief operating officer has skills in areas such as "revenue growth," "strategic partnerships," "start-up," and "logistics." This difference in skills reveals how truly different these two careers really are.

President & chief operating officers tend to make the most money in the construction industry by averaging a salary of $197,924. In contrast, corporate vice presidents make the biggest average salary of $167,797 in the hospitality industry.

The education levels that president & chief operating officers earn is a bit different than that of corporate vice presidents. In particular, president & chief operating officers are 1.4% more likely to graduate with a Master's Degree than a corporate vice president. Additionally, they're 1.5% less likely to earn a Doctoral Degree.

The next role we're going to look at is the corporate controller profession. Typically, this position earns a lower pay. In fact, they earn a $21,484 lower salary than corporate vice presidents per year.

A similarity between the two careers of corporate vice presidents and corporate controllers are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "risk management," "oversight," and "financial statements. "

But both careers also use different skills, according to real corporate vice president resumes. While corporate vice president responsibilities can utilize skills like "portfolio," "project management," "healthcare," and "strong project management," some corporate controllers use skills like "cpa," "reconciliations," "close process," and "cash flow."

It's been discovered that corporate controllers earn lower salaries compared to corporate vice presidents, but we wanted to find out where corporate controllers earned the most pay. The answer? The manufacturing industry. The average salary in the industry is $141,530. Additionally, corporate vice presidents earn the highest paychecks in the hospitality with an average salary of $167,797.

When it comes to the differences in education between the two professions, corporate controllers tend to reach similar levels of education than corporate vice presidents. In fact, they're 1.1% less likely to graduate with a Master's Degree and 1.5% less likely to earn a Doctoral Degree.

The vice president and manager profession generally makes a lower amount of money when compared to the average salary of corporate vice presidents. The difference in salaries is vice president and managers making $23,292 lower than corporate vice presidents.

By looking over several corporate vice presidents and vice president and managers resumes, we found that both roles utilize similar skills, such as "risk management," "oversight," and "project management." But beyond that the careers look very different.

As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from corporate vice presidents resumes, they are more likely to have skills like "portfolio," "healthcare," "strong project management," and "strategic plan." But a vice president and manager might have skills like "customer service," "client relationships," "loan portfolio," and "wealth management."

Interestingly enough, vice president and managers earn the most pay in the finance industry, where they command an average salary of $134,647. As mentioned previously, corporate vice presidents highest annual salary comes from the hospitality industry with an average salary of $167,797.

When it comes to education, vice president and managers tend to earn similar education levels than corporate vice presidents. In fact, they're 4.3% less likely to earn a Master's Degree, and 2.9% less likely to graduate with a Doctoral Degree.

The fourth career we look at typically earns lower pay than corporate vice presidents. On average, corporate managers earn a difference of $57,302 lower per year.

According to resumes from both corporate vice presidents and corporate managers, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "oversight," "project management," and "financial statements. "

Even though a few skill sets overlap, there are some differences that are important to note. For one, a corporate vice president might have more use for skills like "risk management," "portfolio," "treasury," and "strong project management." Meanwhile, some corporate managers might include skills like "continuous improvement," "lean six sigma," "fp," and "logistics" on their resume.

In general, corporate managers make a higher salary in the finance industry with an average of $111,815. The highest corporate vice president annual salary stems from the hospitality industry.

The average resume of corporate managers showed that they earn similar levels of education to corporate vice presidents. So much so that the likelihood of them earning a Master's Degree is 2.4% less. Additionally, they're less likely to earn a Doctoral Degree by 3.3%.