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Principal vs executive vice president

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 vs executive vice president overview

PrincipalExecutive Vice President
Yearly salary$111,719$216,285
Hourly rate$53.71$103.98
Growth rate5%6%
Number of jobs84,015123,982
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 71%
Average age4752
Years of experience4-

What does a principal do?

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.

What does an executive vice president do?

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.

Principal vs executive vice president salary

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

PrincipalExecutive Vice President
Average salary$111,719$216,285
Salary rangeBetween $69,000 And $179,000Between $118,000 And $394,000
Highest paying CityNew York, NYWashington, DC
Highest paying stateNew YorkWashington
Best paying companyKKR & Co. L.P.Gartner
Best paying industryProfessionalTelecommunication

Differences between principal and executive vice president education

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

PrincipalExecutive Vice President
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Principal vs executive vice president demographics

Here are the differences between principals' and executive vice presidents' demographics:

PrincipalExecutive Vice President
Average age4752
Gender ratioMale, 65.6% Female, 34.4%Male, 74.7% Female, 25.3%
Race ratioBlack 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 Percentage16%12%

Differences between principal and executive vice president duties and responsibilities

Principal example responsibilities.

  • Manage all documentation associate with FMLA, ADA, & DOL requests.
  • Develop schedules, payroll, and manage recruiting, hiring and company standards to ensure customer satisfaction.
  • Launch, continue to manage, and act as primary portfolio manager and trader for boutique investment consulting firm.
  • Manage the RFP process for a new medical plan TPA delivering a savings of almost $1MM in fix costs.
  • Achieve 7-digit annual revenues from start-up in one year by capitalizing on accurate niche market gap and consumer demand identification.
  • Manage all human resource matters, including payroll and benefits administration.
  • Show more

Executive vice president example responsibilities.

  • Used data and KPI's to achieve consistent sales growth and below industry average turnover.
  • Manage logistics department, negotiate rates with suppliers, oversee incoming and outgoing inventory.
  • Lead the implementation of a new third-party ERP system, introducing sophisticate enterprise management system where none exist previously.
  • Manage operations and logistics, staff planning and supervision for all administrative, personnel, training and logistical requirements.
  • Manage all financial functions including controlling/accounting, board and regulatory reporting, treasury and cash management, and asset/liability management.
  • Provide oversight over subordinate supervisors and complete twice-monthly payroll activities, ensuring employees are paid as expected and on time.
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Principal vs executive vice president skills

Common principal skills
  • CRM, 7%
  • Project Management, 7%
  • Financial Services, 6%
  • Healthcare, 6%
  • Professional Services, 5%
  • ERP, 5%
Common executive vice president skills
  • Financial Statements, 9%
  • Oversight, 6%
  • Business Development, 6%
  • Healthcare, 6%
  • Revenue Growth, 6%
  • Strategic Partnerships, 4%

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