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The differences between executives and senior vice presidents can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both an executive and a senior vice president. Additionally, a senior vice president has an average salary of $194,770, which is higher than the $108,285 average annual salary of an executive.
The top three skills for an executive include customer service, digital transformation and healthcare. The most important skills for a senior vice president are financial services, SVP, and oversight.
| Executive | Senior Vice President | |
| Yearly salary | $108,285 | $194,770 |
| Hourly rate | $52.06 | $93.64 |
| Growth rate | 6% | 6% |
| Number of jobs | 83,869 | 61,380 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 71% |
| Average age | 52 | 52 |
| Years of experience | - | - |
An Executive's responsibilities vary depending on an organization or company. However, most of the time, it involves a great deal of leadership and communication. An Executive must oversee and direct employees towards particular sets of goals and vision, create strategies and plans that will benefit the company's financial gains and workforce, and as well as evaluate and analyze the progress of various company departments. Moreover, an Executive holds the power of decision-making, such as in the aspects of budget, promotions, and policies.
A Senior Vice President's responsibilities vary according to the company or organization. Still, it mostly revolves around overseeing and leading a particular department's activities and operations, reporting to the president and the board, evaluating the progress and performances of teams and employees, and maintaining constant communication with staff and management. Furthermore, A Senior Vice President is also involved in forming strategies that would benefit the sales of the company, seek innovative options, review documents, and ensure that the operations are up to the standards of the company's policies and regulations.
Executives and senior vice presidents have different pay scales, as shown below.
| Executive | Senior Vice President | |
| Average salary | $108,285 | $194,770 |
| Salary range | Between $63,000 And $184,000 | Between $125,000 And $302,000 |
| Highest paying City | Providence, RI | Seattle, WA |
| Highest paying state | Rhode Island | Washington |
| Best paying company | Capgemini | Brookfield Properties |
| Best paying industry | - | Media |
There are a few differences between an executive and a senior vice president in terms of educational background:
| Executive | Senior Vice President | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executives' and senior vice presidents' demographics:
| Executive | Senior Vice President | |
| Average age | 52 | 52 |
| Gender ratio | Male, 56.0% Female, 44.0% | Male, 74.9% Female, 25.1% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |