How much is the VP of Information salary? Is it competitive? And what are the roles in becoming a VP of Information in a company?
The VP of Information is a very nice position to have in the IT sector. A lot of newbies are looking to become one in the future. And they are trying to hone their skills to land them the position.
This is because this is an executive-level position and holds an amount of power in a company. Also, it takes care of a lot of exciting high-level tasks.
Aside from that, the VP of Information has a lot of perks! So let’s see how much is the VP of Information salary and some basic perks that come along with the position.
VP of Information Salary and Perks
As a high-level position, the VP of Information enjoys a high paying yearly salary. Also, they have a sure overtime pay with the work they do outside their 40-hour workweek.
Then, aside from the base pay, they also enjoy bonuses, commissions, and tips. And these may vary or may add other cash benefits per company.
So, with this in mind, the average yearly salary for a VP of IT comes out to a whopping $151,699. And this differs per experience level. Let us see each one.
For an entry-level VP of Information, his less than a year of experience gives him an average of $95,385 per year.
Then, as his early career of 1-4 years, his average pay per year can reach up to $117,784.
As they enter their mid-career of 5-9 years, they can earn an average annual salary of $130,229.
When his career gets longer at 10-19 years his pay also rises. An experienced VP of Information with this career can get $151,227 average annual pay.
Last, the VP of Information in their late-career of 20 years and more enjoys the highest pay. They can earn up to a staggering $163,540 average per year! Sounds nice, right?
To spice things up, a company’s VP of Information enjoys other perks. What are these? The basics are:
- Equity or stock compensation
- Profit-sharing
- Retirement benefits
- Health benefits (medical, dental, vision)
So, how much do some real companies pay their VP of Information? Let us take a look at some.
VP of Information Company Salaries
Some VP of Information from well-known companies shared their annual salary. These are:
- The Goldman Sachs Group, Inc. This company reports one of the highest annual salaries with an average of $145,938.
- Morgan Stanley. The company’s VP of Information earns a high average of $142,377.
- J.P. Morgan Chase & Co. The bank pays its VP of Information an average of $139,284 per year.
- Bank of America Corp. They pay a $29,329 annual salary.
- Citibank. This bank pays on the lower end of the scale. With their VP of Information earning an average of $119,268 per year.
So, we can see that the VP of Information earns a good amount of money. Which is only right for the weight of the role they play within the company. Do you want to be one of them?
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