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The differences between 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 vice president, becoming a group vice president takes usually requires 6-8 years. Additionally, a group vice president has an average salary of $167,679, which is higher than the $158,637 average annual salary of a vice president.
The top three skills for a vice president include healthcare, oversight and project management. The most important skills for a group vice president are financial services, healthcare, and project management.
| Vice President | Group Vice President | |
| Yearly salary | $158,637 | $167,679 |
| Hourly rate | $76.27 | $80.61 |
| Growth rate | 6% | 17% |
| Number of jobs | 119,530 | 51,499 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.
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.
Vice presidents and group vice presidents have different pay scales, as shown below.
| Vice President | Group Vice President | |
| Average salary | $158,637 | $167,679 |
| Salary range | Between $107,000 And $235,000 | Between $106,000 And $264,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | New York | Alaska |
| Best paying company | Brookfield Properties | Citi |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a vice president and a group vice president in terms of educational background:
| Vice President | Group Vice President | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between vice presidents' and group vice presidents' demographics:
| Vice President | Group Vice President | |
| Average age | 52 | 46 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 71.5% Female, 28.5% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.7% 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% |