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The differences between executive 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 an executive vice president, becoming a group vice president takes usually requires 6-8 years. Additionally, an executive vice president has an average salary of $216,285, which is higher than the $167,679 average annual salary of a group vice president.
The top three skills for an executive vice president include financial statements, oversight and business development. The most important skills for a group vice president are financial services, healthcare, and project management.
| Executive Vice President | Group Vice President | |
| Yearly salary | $216,285 | $167,679 |
| Hourly rate | $103.98 | $80.61 |
| Growth rate | 6% | 17% |
| Number of jobs | 123,982 | 51,499 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
An executive vice president is responsible for monitoring departmental operations, managing customer relationships, developing the company's strategic goals, and identifying business opportunities that would maximize the company's performance, drive revenues, and achieve the business's profitability goals. Executive vice presidents contribute to sales innovations, negotiate business contracts, analyze financial reports, and minimize the company's expenses without compromising high-quality operations and customer satisfaction. An executive vice president must have excellent leadership and communication skills to support its daily operations to achieve its long-term goals and objectives.
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.
Executive vice presidents and group vice presidents have different pay scales, as shown below.
| Executive Vice President | Group Vice President | |
| Average salary | $216,285 | $167,679 |
| Salary range | Between $118,000 And $394,000 | Between $106,000 And $264,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | Washington | Alaska |
| Best paying company | Gartner | Citi |
| Best paying industry | Telecommunication | Finance |
There are a few differences between an executive vice president and a group vice president in terms of educational background:
| Executive Vice President | Group Vice President | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between executive vice presidents' and group vice presidents' demographics:
| Executive Vice President | Group Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 74.7% Female, 25.3% | Male, 71.5% Female, 28.5% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.5% 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% |