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How to hire a group vice president

Group vice president hiring summary. Here are some key points about hiring group vice presidents in the United States:

  • There are a total of 33,696 group vice presidents in the US, and there are currently 51,499 job openings in this field.
  • The median cost to hire a group vice president is $1,633.
  • Small businesses spend $1,105 per group vice president on training each year, while large companies spend $658.
  • It takes between 36 and 42 days to fill the average role in the US.
  • It takes approximately 12 weeks for a new employee to reach full productivity levels.
  • HR departments typically allocate 15% of their budget towards recruitment efforts.
  • New York, NY, has the highest demand for group vice presidents, with 52 job openings.

How to hire a group vice president, step by step

To hire a group vice president, you should create an ideal candidate profile, determine a budget, and post and promote your job. Here's a step-by-step guide on how to hire a group vice president:

Here's a step-by-step group vice president hiring guide:

  • Step 1: Identify your hiring needs
  • Step 2: Create an ideal candidate profile
  • Step 3: Make a budget
  • Step 4: Write a group vice president job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new group vice president
  • Step 8: Go through the hiring process checklist

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.

Learn more about the specifics of what a group vice president does
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  1. Identify your hiring needs

    The group vice president hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    You should also consider the ideal background you'd like them a group vice president to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a group vice president that fits the bill.

    This list presents group vice president salaries for various positions.

    Type of Group Vice PresidentDescriptionHourly rate
    Group Vice PresidentFinancial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.$50-126
    Managing DirectorA Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives... Show more$34-112
    Chief Operating OfficerA chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO... Show more$38-110
  2. Create an ideal candidate profile

    Common skills:
    • Financial Services
    • Healthcare
    • Project Management
    • Due Diligence
    • Oversight
    • Direct Reports
    • Asset Management
    • Business Development
    • Risk Management
    • Client Relationships
    • Real Estate
    • Securities
    • Strategic Direction
    • Shared Services
    Check all skills
    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.
    More group vice president duties
  3. Make a budget

    Including a salary range in the group vice president job description is a good way to get more applicants. A group vice president salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

    For example, the average salary for a group vice president in Iowa may be lower than in Alaska, and an entry-level engineer typically earns less than a senior-level group vice president. Additionally, a group vice president with lots of experience in the field may command a higher salary as a result.

    Average group vice president salary

    $167,679yearly

    $80.61 hourly rate

    Entry-level group vice president salary
    $106,000 yearly salary
    Updated January 17, 2026

    Average group vice president salary by state

    RankStateAvg. salaryHourly rate
    1Washington$207,275$100
    2Connecticut$194,599$94
    3California$186,922$90
    4New York$178,629$86
    5North Carolina$178,233$86
    6Maryland$178,034$86
    7New Jersey$173,207$83
    8Arizona$171,638$83
    9Utah$169,802$82
    10Delaware$168,485$81
    11Texas$166,132$80
    12New Mexico$165,131$79
    13Minnesota$163,546$79
    14Massachusetts$163,111$78
    15Colorado$161,627$78
    16District of Columbia$159,930$77
    17Georgia$158,616$76
    18Illinois$157,480$76
    19Iowa$151,250$73
    20Ohio$149,514$72

    Average group vice president salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1Citi$209,207$100.58290
    2Barclays$206,857$99.4515
    3DocuSign$203,816$97.995
    4Methodist Health System$202,950$97.578
    5WebMD$200,393$96.34
    6Sumitomo Mitsui Financial Group$200,256$96.28
    7AQR Capital Management$199,956$96.134
    8Deutsche Bank$196,536$94.49110
    9ViacomCBS$195,349$93.92
    10JPMorgan Chase & Co.$193,410$92.991,554
    11BNP Paribas$192,244$92.428
    12Goldman Sachs$190,098$91.39131
    13Informatica$189,855$91.28
    14MUFG Americas Holdings$189,550$91.13147
    15Nomura Securities$187,139$89.979
    16Signature Bank$186,820$89.821
    17Sharp$184,812$88.855
    18Indeed$184,163$88.54
    19MUFG EMEA$184,070$88.502
    20Vista Equity Partners$183,511$88.231
  4. Writing a group vice president job description

    A group vice president job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a group vice president job description:

    Group vice president job description example

    Join Our Mission

    The Vice President of Finance is responsible for budget management, financial planning, and financial reporting, overseeing the finance team in adhering to best practice and abiding by GAAP.

    Job Responsibilities

    • Directs preparation of Agency financial reports, tax returns and regulatory reports for all revenue streams and ensures timely submissions.
    • Manages the day-to-day activities of the finance department, budget preparation and audit functions.
    • Responsible for auditing and analysis of financials and recommending improvements to processes internal to Finance and in collaboration with other departments.
    • Defining, building and leading customer service culture in all department activities, interviewing and hiring of new finance team members and ensuring new members integrate into the culture of the team.
    • Advising program leadership on financial goals, growth and limitations, defining best practices around use of revenue streams and helping Agency leadership streamline financial strategy.
    • Interpret financial performance and create a reporting system to ensure the consistent delivery of data.
    • Organizing the finance department's resources to meet company objectives and defining department objectives.


    Core Competencies (Knowledge, Skills & Abilities)

    • Demonstrated ability to oversee financial functions of a non-profit.
    • Ability to communicate in clear manner including verbal and written communication skills. Ability to actively listen.
    • Ability to handle crisis situations effectively and in a solution focused manner. Ability to assess situations and make good decisions in real time; problem solving skills and ability to resolve multiple conflicts simultaneously.
    • Must have knowledge of GAAP accounting principles.
    • Demonstrated ability to handle confidential information with extreme discretion.
    • Computer literacy skills including but not limited to MS Office suite.
    • Must possess a valid driver's license. Limited travel is required.


    As a Berkshire employee, you may be required to support other staffing needs in other locations and/or programs as directed.

    Job Requirements

    • Minimum of Bachelor's degree required. Master's degree preferred.
    • Minimum of 5 years of financial leadership required.
    • Experience in non-profit finance preferred.


    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
  5. Post your job

    There are a few common ways to find group vice presidents for your business:

    • Promoting internally or recruiting from your existing workforce.
    • Ask for referrals from friends, family members, and current employees.
    • Attend job fairs at local colleges to meet candidates with the right educational background.
    • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.
    Post your job online:
    • Post your group vice president job on Zippia to find and recruit group vice president candidates who meet your exact specifications.
    • Use field-specific websites.
    • Post a job on free websites.
  6. Interview candidates

    During your first interview to recruit group vice presidents, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

    It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

    The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

  7. Send a job offer and onboard your new group vice president

    Once you've selected the best group vice president candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

    It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

    To prepare for the new group vice president first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

  8. Go through the hiring process checklist

    • Determine employee type (full-time, part-time, contractor, etc.)
    • Submit a job requisition form to the HR department
    • Define job responsibilities and requirements
    • Establish budget and timeline
    • Determine hiring decision makers for the role
    • Write job description
    • Post job on job boards, company website, etc.
    • Promote the job internally
    • Process applications through applicant tracking system
    • Review resumes and cover letters
    • Shortlist candidates for screening
    • Hold phone/virtual interview screening with first round of candidates
    • Conduct in-person interviews with top candidates from first round
    • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
    • Conduct background checks on top candidates
    • Check references of top candidates
    • Consult with HR and hiring decision makers on job offer specifics
    • Extend offer to top candidate(s)
    • Receive formal job offer acceptance and signed employment contract
    • Inform other candidates that the position has been filled
    • Set and communicate onboarding schedule to new hire(s)
    • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
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How much does it cost to hire a group vice president?

Hiring a group vice president comes with both the one-time cost per hire and ongoing costs. The cost of recruiting group vice presidents involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of group vice president recruiting as well the ongoing costs of maintaining the new employee.

The median annual salary for group vice presidents is $167,679 in the US. However, the cost of group vice president hiring can vary a lot depending on location. Additionally, hiring a group vice president for contract work or on a per-project basis typically costs between $50 and $126 an hour.

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