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.

Senior Vice President Responsibilities

Here are examples of responsibilities from real senior vice president resumes representing typical tasks they are likely to perform in their roles.

  • Provide daily/weekly media reports that formulate and manage budgets with continuous recommendations to ensure optimal marketing ROI.
  • Manage capital construction budget and federal projects including power delivery, facility retrofit, and public utilities to completion.
  • Ensure that KYC submissions are properly document and expeditiously review.
  • Maintain confidentiality with EVP and customers establishing trust and confidence, enhancing information security.
  • Implement new accounting pronouncements relate to investments for statutory, GAAP and management reporting.
  • Reduce annual management payroll expense by over $550,000 by consolidating four senior managers responsibilities.
  • Expand asset quality disclosures and develop more comprehensive GAAP to Non-GAAP reconciliations to improve reporting transparency.
  • Develop and introduce governance and scorecards for outsource providers and Motorola to enhance accountability and transparency.
  • Develop partnerships with industry-vertical specialists in banking, healthcare, marketing, manufacturing, and software development.
  • Spearhead enterprise-wide cost reduction initiatives that eliminate $750K in payroll costs by restructuring sales and marketing.
Senior Vice President Traits
Analytical skills have to do with gathering information from various sources and then interpreting the data in order to reach a logical conclusion that benefits the business.
Detail oriented involves being extremely mindful and observant of all details.
Math skills include being able to perform basic addition and subtraction, as well as solving for the unknown and visualizing data that will be helpful in the workplace.

Senior Vice President Job Description

Between the years 2018 and 2028, senior vice president jobs are expected to undergo a growth rate described as "as fast as average" at 6%, according to the Bureau of Labor Statistics. So if the thought "should I become a senior vice president?" Has crossed your mind, maybe you should take the growth rate into account. In addition, the number of senior vice president opportunities that are projected to become available by 2028 is 150,600.

On average, the senior vice president annual salary is $216,511 per year, which translates to $104.09 an hour. Generally speaking, senior vice presidents earn anywhere from $130,000 to $358,000 a year, which means that the top-earning senior vice presidents make $228,000 more than the ones at the lower end of the spectrum.

As is the case with most jobs, it takes work to become a senior vice president. Sometimes people change their minds about their career after working in the profession. That's why we looked into some other professions that might help you find your next opportunity. These professions include a managing director, chief operating officer, president & chief operating officer, and president/chief executive officer.

Senior Vice President Jobs You Might Like

Senior Vice President Resume Examples

Senior Vice President Skills and Personality Traits

We calculated that 7% of Senior Vice Presidents are proficient in Financial Services, SVP, and Oversight. They’re also known for soft skills such as Analytical skills, Detail oriented, and Math skills.

We break down the percentage of Senior Vice Presidents that have these skills listed on their resume here:

  • Financial Services, 7%

    Transitioned previous financial services operational experience to product develop Provided industry and user perspective to product development and enhancement initiatives.

  • SVP, 6%

    Performed all administrative functions to support day-to-day operations of department SVP including extensive travel and expense report preparation using Concur.

  • Oversight, 6%

    Cultivated vendor relationship related to outsourced 150-seat contact center, ensuring adherence to service levels and oversight of key performance indicators.

  • Healthcare, 5%

    Implemented Wellness Program for Confluence Health CARSON TAHOE REGIONAL HEALTHCARE Carson City, NV

  • Risk Management, 5%

    Participated in organizational risk management initiatives.

  • Strategic Initiatives, 5%

    Implemented strategic initiatives to reduce time to market of critical applications utilizing Agile and Waterfall Development strategies for Global IT Development.

Most senior vice presidents list "financial services," "svp," and "oversight" as skills on their resumes. We go into more details on the most important senior vice president responsibilities here:

  • As part of the senior vice president description, you might find that one of the skills that might be helpful to the job is "communication skills." A senior vice president resume included this snippet: "top executives must be able to communicate clearly and persuasively" This skill could be useful in this scenario: "handled all the quarterly plan billing and reporting initiated and managed communication for all outside asset management / rollovers. "
  • Another skill commonly found on senior vice president resumes is "leadership skills." This description of the skill was found on several senior vice president resumes: "top executives must be able to lead an organization successfully by coordinating policies, people, and resources." Here's an example from a resume of how this skill could fit into the day-to-day senior vice president responsibilities: "provided leadership, mentoring and supervision to both the asset management and accounting departments comprised of 16 staff members. "
  • See the full list of senior vice president skills.

    Before becoming a senior vice president, 71.3% earned their bachelor's degree. When it comes down to graduating with a master's degree, 18.5% senior vice presidents went for the extra education. If you're wanting to pursue this career, it may be impossible to be successful with a high school degree. In fact, most senior vice presidents have a college degree. But about one out of every nine senior vice presidents didn't attend college at all.

    Those senior vice presidents who do attend college, typically earn either a business degree or a finance degree. Less commonly earned degrees for senior vice presidents include a accounting degree or a economics degree.

    When you're ready to become a senior vice president, you might wonder which companies hire senior vice presidents. According to our research through senior vice president resumes, senior vice presidents are mostly hired by Citigroup, Capital One, and JPMorgan Chase & Co. Now is a good time to apply as Citigroup has 290 senior vice presidents job openings, and there are 28 at Capital One and 18 at JPMorgan Chase & Co.

    But if you're interested in companies where you might earn a high salary, senior vice presidents tend to earn the biggest salaries at Walmart, Big Lots, and Burlington. Take Walmart for example. The median senior vice president salary is $472,966. At Big Lots, senior vice presidents earn an average of $470,055, while the average at Burlington is $436,593. You should take into consideration how difficult it might be to secure a job with one of these companies.

    View more details on senior vice president salaries across the United States.

    In general, senior vice presidents fulfill roles in the finance and media industries. While employment numbers are high in those industries, the senior vice president annual salary is the highest in the media industry with $219,425 as the average salary. Meanwhile, the technology and health care industries pay $213,003 and $207,010 respectively. This means that senior vice presidents who are employed in the media industry make 34.7% more than senior vice presidents who work in the finance Industry.

    The three companies that hire the most prestigious senior vice presidents are:

      What Managing Directors Do

      A 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. Furthermore, a Managing Director must coordinate with those in a higher position, such as the members of the board.

      We looked at the average senior vice president annual salary and compared it with the average of a managing director. Generally speaking, managing directors receive $22,244 lower pay than senior vice presidents per year.

      Even though senior vice presidents and managing directors have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require financial services, oversight, and healthcare in the day-to-day roles.

      There are some key differences in responsibilities as well. For example, a senior vice president responsibilities require skills like "svp," "internal audit," "counsel," and "business partners." Meanwhile a typical managing director has skills in areas such as "account management," "process improvements," "business strategy," and "market research." This difference in skills reveals how truly different these two careers really are.

      Managing directors really shine in the finance industry with an average salary of $198,652. Whereas senior vice presidents tend to make the most money in the media industry with an average salary of $219,425.

      Managing directors tend to reach similar levels of education than senior vice presidents. In fact, managing directors are 4.6% more likely to graduate with a Master's Degree and 1.6% less likely to have a Doctoral Degree.

      What Are The Duties Of a Chief Operating Officer?

      A 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. Among their duties include developing strategies and guidelines, reviewing reports, performing assessments, and implementing the company's policies, standards, and regulations. Additionally, they lead and empower staff to reach goals, helping solve issues and concerns when any arise.

      Now we're going to look at the chief operating officer profession. On average, chief operating officers earn a $47,109 lower salary than senior vice presidents a year.

      While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both senior vice presidents and chief operating officers are known to have skills such as "oversight," "healthcare," and "risk management. "

      While some skills are similar in these professions, other skills aren't so similar. For example, several resumes showed us that senior vice president responsibilities requires skills like "financial services," "svp," "project management," and "asset management." But a chief operating officer might use skills, such as, "procedures," "facility," "financial management," and "business strategy."

      On average, chief operating officers earn a lower salary than senior vice presidents. There are industries that support higher salaries in each profession respectively. Interestingly enough, chief operating officers earn the most pay in the hospitality industry with an average salary of $133,761. Whereas, senior vice presidents have higher paychecks in the media industry where they earn an average of $219,425.

      When it comes to the differences in education between the two professions, chief operating officers tend to reach similar levels of education than senior vice presidents. In fact, they're 1.6% more likely to graduate with a Master's Degree and 1.6% less likely to earn a Doctoral Degree.

      How a President & Chief Operating Officer Compares

      A president/chief operating officer is responsible for monitoring the overall daily business operations and implementing corporate decisions for the company and its people's best interests. Presidents/chief operating officers regularly meet with the key executives and business partners to share corporate updates and strategize techniques to improve functions and increase the brand's image in the market. They review financial performance and reports, conduct data and statistical analysis, and lead initiatives that would increase the company's productivity and efficiency.

      The third profession we take a look at is president & chief operating officer. On an average scale, these workers bring in higher salaries than senior vice presidents. In fact, they make a $30,260 higher salary per year.

      Using senior vice presidents and president & chief operating officers resumes, we found that both professions have similar skills such as "oversight," "healthcare," and "risk management," but the other skills required are very different.

      As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from senior vice presidents resumes, they are more likely to have skills like "financial services," "svp," "project management," and "customer service." But a president & chief operating officer might have skills like "partnerships," "start-up," "daily operations," and "logistics."

      Interestingly enough, president & chief operating officers earn the most pay in the energy industry, where they command an average salary of $200,325. As mentioned previously, senior vice presidents highest annual salary comes from the media industry with an average salary of $219,425.

      President & chief operating officers typically study at similar levels compared with senior vice presidents. For example, they're 3.1% more likely to graduate with a Master's Degree, and 1.2% more likely to earn a Doctoral Degree.

      Description Of a President/Chief Executive Officer

      Considered as the highest authority in a company, a president/chief executive officer is in charge of leading the company by implementing corporate decisions and shaping the organization to its fullest extent. They must craft strategic plans and guidelines, enforce policies and standards, direct the vision and mission, and address the public as the head of the company. Furthermore, a president/chief executive officer must maintain an active line of communication at all times as they must report to a board of directors and coordinate with other company employees.

      President/chief executive officers tend to earn a higher pay than senior vice presidents by about $40,035 per year.

      While both senior vice presidents and president/chief executive officers complete day-to-day tasks using similar skills like oversight, healthcare, and risk management, the two careers also vary in other skills.

      Even though a few skill sets overlap, there are some differences that are important to note. For one, a senior vice president might have more use for skills like "financial services," "svp," "project management," and "customer service." Meanwhile, some president/chief executive officers might include skills like "financial management," "partnerships," "ceo," and "start-up" on their resume.

      In general, president/chief executive officers make a higher salary in the technology industry with an average of $123,363. The highest senior vice president annual salary stems from the media industry.

      President/chief executive officers reach similar levels of education when compared to senior vice presidents. The difference is that they're 4.1% more likely to earn a Master's Degree less, and 0.2% less likely to graduate with a Doctoral Degree.