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The differences between senior 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 a senior vice president, becoming a group vice president takes usually requires 6-8 years. Additionally, a senior vice president has an average salary of $194,770, which is higher than the $167,679 average annual salary of a group vice president.
The top three skills for a senior vice president include financial services, SVP and oversight. The most important skills for a group vice president are financial services, healthcare, and project management.
| Senior Vice President | Group Vice President | |
| Yearly salary | $194,770 | $167,679 |
| Hourly rate | $93.64 | $80.61 |
| Growth rate | 6% | 17% |
| Number of jobs | 61,380 | 51,499 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
A Senior Vice President's responsibilities vary according to the company or organization. Still, it mostly revolves around overseeing and leading a particular department's activities and operations, reporting to the president and the board, evaluating the progress and performances of teams and employees, and maintaining constant communication with staff and management. Furthermore, A Senior Vice President is also involved in forming strategies that would benefit the sales of the company, seek innovative options, review documents, and ensure that the operations are up to the standards of the company's policies and regulations.
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.
Senior vice presidents and group vice presidents have different pay scales, as shown below.
| Senior Vice President | Group Vice President | |
| Average salary | $194,770 | $167,679 |
| Salary range | Between $125,000 And $302,000 | Between $106,000 And $264,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Alaska |
| Best paying company | Brookfield Properties | Citi |
| Best paying industry | Media | Finance |
There are a few differences between a senior vice president and a group vice president in terms of educational background:
| Senior 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 senior vice presidents' and group vice presidents' demographics:
| Senior Vice President | Group Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 74.9% Female, 25.1% | 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, 76.4% 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% |