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Become A Vice President

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Working As A Vice President

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Communicating with Persons Outside Organization
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $168,396

    Average Salary

What Does A Vice President Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Vice President

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Vice President Jobs

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Average Length of Employment
President/Owner 7.9 years
Managing Director 4.5 years
Vice President 4.0 years
Senior Director 3.9 years
Director 3.7 years
Top Employers Before
Director 10.0%
Internship 8.4%
President 8.0%
Manager 7.2%
Volunteer 5.4%
Consultant 4.6%
Associate 3.6%
Secretary 2.8%
Top Employers After
President 15.7%
Internship 7.6%
Consultant 7.0%
Director 6.2%
Volunteer 5.0%
Principal 4.2%
Owner 3.9%
Manager 3.0%

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Vice President Demographics

Gender

Male

61.7%

Female

34.9%

Unknown

3.4%
Ethnicity

White

60.8%

Hispanic or Latino

13.6%

Black or African American

11.1%

Asian

10.6%

Unknown

4.0%
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Languages Spoken

Spanish

39.1%

French

12.5%

Chinese

7.9%

Mandarin

7.0%

German

5.0%

Italian

3.9%

Japanese

3.8%

Portuguese

3.2%

Arabic

2.6%

Korean

2.6%

Cantonese

2.3%

Russian

2.2%

Hindi

2.0%

Vietnamese

1.4%

Greek

1.1%

Hebrew

0.9%

Urdu

0.9%

Carrier

0.9%

Gujarati

0.5%

Tagalog

0.4%
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Vice President Education

Schools

New York University

9.5%

University of Phoenix

9.0%

Pennsylvania State University

5.8%

Cornell University

5.4%

Michigan State University

5.2%

University of Southern California

4.7%

University of Pennsylvania

4.7%

Harvard University

4.6%

Syracuse University

4.6%

Columbia University

4.5%

Northwestern University

4.5%

University of Florida

4.5%

University of Texas at Austin

4.4%

George Washington University

4.2%

University of Chicago

4.2%

Hofstra University

4.1%

Fordham University

4.1%

Boston University

4.1%

Florida State University

4.0%

Villanova University

3.9%
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Majors

Business

30.5%

Finance

11.5%

Marketing

6.6%

Accounting

6.1%

Management

5.5%

Communication

4.7%

Political Science

4.2%

Psychology

4.1%

Law

3.7%

Economics

3.6%

Computer Science

2.9%

Education

2.3%

English

2.1%

Biology

2.0%

Mechanical Engineering

1.8%

Criminal Justice

1.8%

Nursing

1.8%

Electrical Engineering

1.7%

History

1.5%

Public Relations

1.4%
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Degrees

Bachelors

47.3%

Masters

26.9%

Other

15.1%

Doctorate

4.8%

Associate

3.3%

Certificate

2.1%

Diploma

0.4%

License

0.2%
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Temporary

Real Vice President Salaries

Job Title Company Location Start Date Salary
Vice President Blackrock Financial Management, Inc. New York, NY Nov 18, 2016 $569,751 -
$667,840
Vice President of Planning and Projects Micro Finance Advisors, Inc. Miami, FL Jan 01, 2016 $520,000
Vice President Capgemini America, Inc. Irving, TX Jul 27, 2015 $495,000 -
$505,000
Vice President ABRY Partners II, LLC Boston, MA Oct 30, 2015 $450,000
Vice President Sew-Eurodrive, Inc. Lyman, SC Feb 20, 2016 $430,000
Vice President Chief Commercial Office Luitpold Pharmaceuticals Inc. Shirley, NY Dec 19, 2016 $425,000
Vice President, Latin America & Caribbean Tiffany & Co. Coral Gables, FL Jul 21, 2015 $400,095
Vice President Deutsche Bank Securities Inc. New York, NY Apr 15, 2016 $400,000
Vice President, Enrollment Latin America Hult International Business School Groveland, FL Jan 09, 2016 $370,000
Vice President, Enrollment Latin America Hult International Business School Groveland, FL Aug 08, 2016 $370,000
Vice President, Global Purchasing and Materials AGCO Corporation Duluth, GA Dec 13, 2016 $362,641
Vice President of Planning and Projects Micro Finance Advisors, Inc. Miami, FL Jan 01, 2016 $357,000
Vice President, Oil and Gas Gates E&S North America, Inc. Corpus Christi, TX Jan 08, 2016 $350,000
VP Consumer Insights Netflix Beverly Hills, CA Jun 23, 2016 $174,658
Vice President, Digital Content Fox Digital Entertainment, Inc. Los Angeles, CA Jun 04, 2016 $174,658
VP-Enterprise Tools & Solutions Salient Federal Solutions, Inc. Alexandria, VA Jan 15, 2016 $174,533 -
$200,000
Vice President Microcision LLC Philadelphia, PA Jan 10, 2016 $174,429
Vice President Microcision LLC Philadelphia, PA Jul 09, 2016 $174,429
Vice President, Management Supervisor Giant Creative Strategy, LLC San Francisco, CA Apr 19, 2016 $174,000
Vice President Mizuho Bank, Ltd. New York, NY Jul 06, 2015 $173,846
Vice President, International New Media Nbcuniversal Media, LLC Miami, FL Sep 15, 2015 $173,794
Vice President BNP Paribas New York, NY Jun 16, 2015 $148,000
VP; BA Professional Mkts Bank of America N.A. Jersey City, NJ Feb 18, 2016 $148,000 -
$168,000
Vice President-Systems Office for The Americas The Bank of Tokyo-Mitsubishi UFJ, Ltd. Jersey City, NJ Apr 27, 2015 $148,000
Vice President Morgan Stanley Services Group Inc. New York, NY Sep 26, 2016 $148,000
VP, Structured Placements Sumitomo Mitsui Banking Corporation New York, NY Jul 28, 2016 $148,000 -
$168,000
Vice President Deutsche Bank Securities Inc. New York, NY Apr 30, 2016 $147,805 -
$170,000
Vice President, CIB Client Analytics JP Morgan Chase & Co New York, NY Jul 29, 2016 $147,805
VP, Strategic Solutions EBIZ Labs, Inc. Folsom, CA Jan 21, 2016 $147,680

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Top Skills for A Vice President

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  1. Financial Statements
  2. Strategic Partnerships
  3. Product Development
You can check out examples of real life uses of top skills on resumes here:
  • Developed and implemented a plan to computerize manual accounting processes including payroll, inventory, and financial statements.
  • Established productive strategic partnerships with the Lutheran Church and other Christian organizations to grow awareness nation-wide of Bethesda and Bethesda services.
  • Market Expansion Collaborate with senior management and engineering on Brand Strategy organizational strategy and product development.
  • Authored or co-authored all underwriting guidelines, policies and procedures, risk-based pricing models, loan applications and marketing documentation.
  • Maintained relationships with existing clients and established working relationships with new clients.

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Top Vice President Employers

Jobs From Top Vice President Employers

Vice President Videos

Our Next Vice President?

Joe Biden answers What does a Vice President do?""

A Day in the Life of Dow Corning Vice President of Global Security

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