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The differences between principals and executive vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a principal, becoming an executive vice president takes usually requires More than 10 years. Additionally, an executive vice president has an average salary of $216,285, which is higher than the $111,719 average annual salary of a principal.
The top three skills for a principal include CRM, project management and financial services. The most important skills for an executive vice president are financial statements, oversight, and business development.
| Principal | Executive Vice President | |
| Yearly salary | $111,719 | $216,285 |
| Hourly rate | $53.71 | $103.98 |
| Growth rate | 5% | 6% |
| Number of jobs | 84,015 | 123,982 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 71% |
| Average age | 47 | 52 |
| Years of experience | 4 | - |
A principal is responsible for maintaining the orderliness of the school premises and supervising school operations, enforcing strict safety standards, and reiterating regulatory procedures. Principals' duties also include managing and monitoring school budget and expenses, improving security plans, conducting regular meetings and sharing updates with teachers and other school personnel, creating reports for school funding, and setting academic goals for everyone's compliance. A principal must administer excellent leadership, communication, and decision-making skills to handle major administrative tasks in maintaining the school's growth.
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.
Principals and executive vice presidents have different pay scales, as shown below.
| Principal | Executive Vice President | |
| Average salary | $111,719 | $216,285 |
| Salary range | Between $69,000 And $179,000 | Between $118,000 And $394,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | Washington |
| Best paying company | KKR & Co. L.P. | Gartner |
| Best paying industry | Professional | Telecommunication |
There are a few differences between a principal and an executive vice president in terms of educational background:
| Principal | Executive Vice President | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between principals' and executive vice presidents' demographics:
| Principal | Executive Vice President | |
| Average age | 47 | 52 |
| Gender ratio | Male, 65.6% Female, 34.4% | Male, 74.7% Female, 25.3% |
| Race ratio | Black or African American, 10.9% Unknown, 4.0% Hispanic or Latino, 14.0% Asian, 4.3% White, 66.0% American Indian and Alaska Native, 0.7% | 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% |
| LGBT Percentage | 16% | 12% |