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The differences between vice presidents and senior vice presidents can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a vice president and a senior vice president. Additionally, a senior vice president has an average salary of $194,770, 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 senior vice president are financial services, SVP, and oversight.
| Vice President | Senior Vice President | |
| Yearly salary | $158,637 | $194,770 |
| Hourly rate | $76.27 | $93.64 |
| Growth rate | 6% | 6% |
| Number of jobs | 119,530 | 61,380 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Average age | 52 | 52 |
| Years of experience | - | - |
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 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.
Vice presidents and senior vice presidents have different pay scales, as shown below.
| Vice President | Senior Vice President | |
| Average salary | $158,637 | $194,770 |
| Salary range | Between $107,000 And $235,000 | Between $125,000 And $302,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Brookfield Properties | Brookfield Properties |
| Best paying industry | Manufacturing | Media |
There are a few differences between a vice president and a senior vice president in terms of educational background:
| Vice President | Senior Vice President | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between vice presidents' and senior vice presidents' demographics:
| Vice President | Senior Vice President | |
| Average age | 52 | 52 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 74.9% Female, 25.1% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |