Owner vs vice president

The differences between owners and 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 owner and a vice president. Additionally, a vice president has an average salary of $158,637, which is higher than the $90,334 average annual salary of an owner.

The top three skills for an owner include customer service, payroll and financial statements. The most important skills for a vice president are healthcare, oversight, and project management.

Owner vs vice president overview

	Owner	Vice President
Yearly salary	$90,334	$158,637
Hourly rate	$43.43	$76.27
Growth rate	6%	6%
Number of jobs	86,486	119,530
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 72%
Average age	52	52
Years of experience	-	-

What does an owner do?

Owners, in the most basic sense, own the business, company, or organization. They are responsible for building the business. They create business plans and the general vision and mission of the company, set goals, work on these goals, and ensure that the business keeps running. They manage all aspects of their business, from finances to marketing to people, etc. When the business becomes stable, owners eventually hire more employees. As such, owners also become overseers who would ensure that the organization remains afloat.

What does a vice president do?

Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.

Owner vs vice president salary

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

	Owner	Vice President
Average salary	$90,334	$158,637
Salary range	Between $60,000 And $135,000	Between $107,000 And $235,000
Highest paying City	New York, NY	San Francisco, CA
Highest paying state	New Jersey	New York
Best paying company	BP America Inc	Brookfield Properties
Best paying industry	-	Manufacturing

Differences between owner and vice president education

There are a few differences between an owner and a vice president in terms of educational background:

	Owner	Vice President
Most common degree	Bachelor's Degree, 52%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Owner vs vice president demographics

Here are the differences between owners' and vice presidents' demographics:

	Owner	Vice President
Average age	52	52
Gender ratio	Male, 63.1% Female, 36.9%	Male, 65.8% Female, 34.2%
Race ratio	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6%	Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	12%	12%

Differences between owner and vice president duties and responsibilities

Owner example responsibilities.

Manage web content and a PHP / MySQL application.
Create and develop a website to help clients easily manage their instagram account to gain exposure.
Execute all social media marketing and manage the company Facebook page/campaigns.
Manage human resource functions by generating payroll, scheduling and upholding company policies.
License Maryland home improvement contractor managing a small home improvement business that specializes in doors and windows.
Manage end to end business operations including hiring, scheduling visits, conducting customer consultations and performing pet visits.

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Vice president example responsibilities.

Develop and implement global SOX methodology, manage risk assessment and testing, evaluate deficiencies and lead remediation efforts.
Manage $54MM loan portfolio of problem assets with the goal to implement strategies of rehabilitation, exit and/or liquidation.
Manage day-to-day operations, marketing, record keeping, insurance billing, human resources, budgeting, and HIPAA compliance.
Manage the web design, PPC, social media marketing, SEO, traditional and digital marketing, and customer experience.
Manage FDA regulate manufacturing division.
Manage QuickBooks; implement budget/variance tracking and reporting.

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Owner vs vice president skills

Common owner skills

Customer Service, 25%
Payroll, 17%
Financial Statements, 8%
Product Development, 7%
Real Estate, 3%
Business Development, 3%

Common vice president skills

Healthcare, 10%
Oversight, 7%
Project Management, 6%
Customer Service, 6%
Risk Management, 6%
Business Development, 5%

Owner vs. similar jobs

Owner related careers

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Owner jobs by location

Updated January 8, 2025

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