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Become A Vice President, Operations And Finance

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Working As A Vice President, Operations And Finance

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $140,000

    Average Salary

What Does A Vice President, Operations And Finance 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, Operations And Finance

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, Operations And Finance Career Paths

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Help others decide if this is a good career for them

Average Length of Employment
Finance Director 4.0 years
Top Careers Before Vice President, Operations And Finance
Controller 13.8%
Director 2.7%
Accountant 2.4%
Manager 2.3%
Top Careers After Vice President, Operations And Finance
Controller 7.4%
Consultant 5.5%
President 4.3%
Principal 1.8%
Director 1.6%

Do you work as a Vice President, Operations And Finance?

Vice President, Operations And Finance Demographics

Gender

Male

73.7%

Female

18.4%

Unknown

7.9%
Ethnicity

White

61.1%

Hispanic or Latino

17.3%

Black or African American

10.9%

Asian

6.9%

Unknown

3.8%
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Foreign Languages Spoken

Spanish

27.1%

Portuguese

10.4%

German

8.3%

Mandarin

8.3%

Italian

8.3%

Chinese

6.3%

French

6.3%

Russian

6.3%

Hebrew

4.2%

Filipino

2.1%

Norwegian

2.1%

Japanese

2.1%

Burmese

2.1%

Tagalog

2.1%

Korean

2.1%

Cantonese

2.1%
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Vice President, Operations And Finance Education

Schools

University of Phoenix

9.5%

DePaul University

7.8%

New York University

6.9%

Fairleigh Dickinson University

6.9%

University of Southern California

6.0%

Pennsylvania State University

5.2%

University of Colorado at Boulder

4.7%

University of Notre Dame

4.7%

University of Chicago

4.7%

George Washington University

4.3%

University of Pennsylvania

4.3%

Babson College

4.3%

Northwestern University

3.9%

Arizona State University

3.9%

Ohio State University

3.9%

San Diego State University

3.9%

University of Connecticut

3.9%

University of Miami

3.9%

Northeastern University

3.9%

Syracuse University

3.4%
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Majors

Business

31.8%

Accounting

29.1%

Finance

22.6%

Management

3.4%

Economics

2.2%

Political Science

1.4%

International Business

1.0%

Marketing

1.0%

Law

1.0%

Operations Management

0.9%

Business Economics

0.8%

Accounting And Computer Science

0.6%

Business/Commerce

0.6%

Psychology

0.6%

Education

0.6%

Human Resources Management

0.6%

Public Administration

0.5%

Liberal Arts

0.5%

Computer Information Systems

0.5%

Legal Research And Advanced Professional Studies

0.4%
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Degrees

Bachelors

44.9%

Masters

44.0%

Other

6.0%

Certificate

2.2%

Doctorate

1.8%

Associate

0.9%

Diploma

0.2%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$140,000
View Detailed Salary Report
$95,000
Min 10%
$140,000
Median 50%
$140,000
Median 50%
$140,000
Median 50%
$140,000
Median 50%
$140,000
Median 50%
$140,000
Median 50%
$140,000
Median 50%
$208,000
Max 90%
Best Paying Company
Citi
Highest Paying City
San Francisco, CA
Highest Paying State
Hawaii
Avg Experience Level
4.6 years
How much does a Vice President, Operations And Finance make at top companies?
The national average salary for a Vice President, Operations And Finance in the United States is $140,927 per year or $68 per hour. Those in the bottom 10 percent make under $95,000 a year, and the top 10 percent make over $208,000.

Real Vice President, Operations And Finance Salaries

Job Title Company Location Start Date Salary
VP, Operations and Finance Thomson Reuters Holdings, Inc. New York, NY Aug 19, 2014 $191,000
Vice President of Operations and Finance Daintree Networks Inc. Los Altos, CA Feb 17, 2014 $187,720 -
$195,000
VP, Operations & Finance Daintree Networks Inc. Los Altos, CA Feb 21, 2014 $187,720 -
$195,000
Vice President, Finance & Operations Edifecs, Inc. Bellevue, WA Sep 01, 2010 $175,000
VP Finance and Operations Urigen Pharmaceuticals, Inc. North Brunswick, NJ Jul 26, 2015 $170,000
VP Finance and Operations Urigen N.A., Inc. North Brunswick, NJ Jul 26, 2015 $170,000
Financial Operations Vice President Florida Sleep & Neuro Diagnostic Services Inc. Miami Lakes, FL Dec 07, 2016 $160,000
Vice President, Financial Planning and Operations Computer Sciences Corporation Falls Church, VA Aug 20, 2013 $158,454
Vice President Finance & Operations Global Fund for Children Washington, DC Aug 17, 2016 $155,250
Vice President of Operations and Finance Alpargatas USA, Inc. New York, NY Apr 01, 2010 $154,211 -
$200,000
Vice President Finance and Commercial Operations American Wind Capital Company LLC Essex, CT Jun 21, 2010 $150,000
Vice President Finance and Commercial Operations American Wind Capital Company LLC Essex, CT Jul 09, 2010 $150,000
Vice President, Finance and Operations Analysis Durham School Services, LP Warrenville, IL Nov 23, 2015 $130,853
Vice President Finance & Operation Acura Homes Inc. Dalton, GA Aug 02, 2013 $120,000
Vice President-Operations and Financial Controls Kusha, Inc. Irvine, CA Jun 13, 2011 $120,000
VP Operation and Finance Acura Homes, Inc. Dalton, GA Aug 02, 2010 $120,000
Vice President Finance/Accounting Operations Potentia Energy, LLC Houston, TX Jan 10, 2015 $108,000
Vice President Finance/Accounting Operations Verde Energy USA, Inc. Houston, TX Feb 28, 2016 $108,000
Vice President Finance and Operations Auspect Skincare International, LLC Marietta, GA Mar 31, 2014 $105,000
VP, Operations & Finance Fareportal, Inc. New York, NY Apr 07, 2015 $103,500
Vice President Finance and Operations Auspect Skincare International LLC Marietta, GA Apr 01, 2012 $96,000
VP of Finance & Operations Y Combinator Mountain View, CA Oct 01, 2010 $96,000

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Top Skills for A Vice President, Operations And Finance

  1. Financial Statements
  2. Ensure Compliance
  3. Payroll
You can check out examples of real life uses of top skills on resumes here:
  • Managed monthly financial reporting including financial statements, budget vs. actual analysis, customer and product line profitability and business metrics.
  • Coordinated facility growth activities to ensure compliance with ADA, OSHA, and local zoning.
  • Assumed all H/R responsibilities and established an electronic benefits administration and payroll processing system.
  • Ensured adherence to statutory, management and other regulatory requirements, avoiding major audits and non-compliance issues.
  • Functioned as key player within launch of new business line for Nurse Practitioner Clinics resulting in $1M annual revenue growth.

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Top 10 Best States for Vice Presidents, Operations And Finance

  1. New York
  2. Delaware
  3. New Jersey
  4. Connecticut
  5. District of Columbia
  6. Pennsylvania
  7. Colorado
  8. North Carolina
  9. Rhode Island
  10. Virginia
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  • (168 jobs)
  • (809 jobs)
  • (384 jobs)
  • (283 jobs)
  • (937 jobs)
  • (466 jobs)
  • (764 jobs)
  • (100 jobs)
  • (728 jobs)

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