Senior vice president banking salary

Senior vice president banking salary DEFAULT

Vice President Retail Banking Salary

The average pay for a Vice President Retail Banking is $162,251 a year and $78 an hour in the United States. The average salary range for a Vice President Retail Banking is between $111,746 and $202,365. On average, a Bachelor's Degree is the highest level of education for a Vice President Retail Banking. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in the United States.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Sours: https://www.erieri.com/salary/job/vice-president-retail-banking/united-states

Salary information comes from 5 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. $90,455 / yr. Bank of America Senior Vice President, Private Banking salaries - 4 salaries reported. By default, the analysts and associates fall under the vice president, whose responsibilities include ensuring that PowerPoint presentations and financial models are built in the right way. ▲ 3% A mid-career Senior Vice President (SVP), Commercial Lending with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $121,616 … The average salary for the role of Commercial Banking Relationship Manager is in United States is $112,000. This appointment comes following a search led by … Investment Banking VP Salary (and Bonus) Base salaries at large banks range from $200K to $300K USD, with total compensation in the $450K to $700K range. According to our data, the highest paying job at Valley National Bank is a Business Banker at $82,000 annually while the lowest paying job at Valley National Bank is a Bank Teller at $24,000 annually. 1873: President Ulysses S. Grant signed the bill that authorized his raise for his second term. Competitive salary. Commercial credit administration/loan review: 3 … The average salary for Vice President at companies like Bank Of America in the United States is $345,493 as of June 28, 2021, but the range typically falls between $276,076 and $377,892. Employer name has been removed to protect anonymity. £152K. The average vice president commercial bank gross salary in Texas, United States is $157,273 or an equivalent hourly rate of $76. Top examples of these roles include: VP Corporate Banking, SVP Commercial Banking, and VP Commercial Banking. Commercial Banking. Salaries below this are outliers. The average salary for a Vice President of Finance in Buffalo, NY is $157,000. The Associate Vice President has overall responsibility and accountability for providing leadership in long-range planning, program development, problem solving, and staff development in an administrative department. Steve Clark. Search and apply for the latest Vice president business banking jobs in Phoenix, AZ. Vice President Salary. Free, fast and easy way find a job of 816.000+ postings in Phoenix, AZ and other big cities in USA. Verified employers. As Executive Vice President and Chief Commercial Banking Officer at WSFS FINANCIAL CORP, Steve Clark made $991,775 in total compensation. Verified employers. VPs have an active role in executing deals with clients and, therefore, earn a substantially higher salary than associates or analysts. According to our data, the highest paying job at Farmers and Merchants Bank is an Assistant Vice President at $64,000 annually while the lowest paying job at Farmers and Merchants Bank is a Teller at $24,000 annually. He might be challenged to help the bank meet certain annual loan and deposit goals. per year. This is the equivalent of $2,245/week or $9,726/month. According to our data, the highest paying job at Chinatrust Bank is a Branch Manager at $60,000 annually while the lowest paying job at Chinatrust Bank is a Financial Analyst at $45,000 annually. The national average salary for a Vice President Commercial Banking is $126,851 in United States. Those HBS grads made a median base salary … Est Annual Revenue: $100bn+ ... Vice President. (“WUG”), WUG Building, LLC and WUG SC, LLC. Job email alerts. Job email alerts. Free, fast and easy way find a job of 742.000+ postings in Denver, CO and other big cities in USA. ▼ 1% An early career Assistant Vice President (AVP), Commercial Lending with 1-4 years of experience earns an average total compensation (includes tips, … For the truly talented and dedicated, an investment banking vice president or managing director can earn upward of $500,000 or more per year. Salary information comes from 9 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. They are paid a base salary and a bonus for their compensation. The base salary for Vice President of Investment Banking ranges from $102,806 to $174,599 with the average base salary of $151,513. A VP is also recognized as an officer of the company. Verified employers. Senior Vice President salary at HDFC Bank ranges between ₹ 40 Lakhs to ₹ 98 Lakhs. Assistant Vice President. €122K. Total Compensation. A bank vice president (5-9 years of experience) can earn on average around $73,700 (with bonuses and overtime). Search and apply for the latest Vice president business banking jobs in Denver, CO. Senior Vice President, Commercial Banking. Full-time, temporary, and part-time jobs. In addition, they earn an average bonus of $65,812. In addition, they earn an average bonus of $15,177. Salary estimates are based on 7 salaries submitted anonymously to Glassdoor by Vice President Commercial Banking employees. Salaries estimates are based on 2549 salaries submitted anonymously to Glassdoor by Vice President … Assistant Vice President (Former Employee) - IN - February 29, 2020. 11% more than the average Senior Vice President Salary in India. Deutsche bank is good company to work. Not enough reports to show salary distribution. ×. An Investment Banking Vice President in the London Area area reported making £165,000 per year. Search and apply for the latest Vice president business banking jobs in Raleigh, NC. Want Access to these HSBC Commercial Banking Salary & Bonus Details? Search 87 Vice President Commercial Banking jobs now available on Indeed.com, the world's largest job site. Vice President, Real Estate Toronto, Ontario About Citco Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. Wondering how much does a Vice President, Banking make? Salaries estimates are based on 106 salaries submitted anonymously to Glassdoor by Vice President … at Bank of America Merrill Lynch. £100k cash bonus. The average salary for the role of Vice President Commercial Banking is in United States is $125,000. Free, fast and easy way find a job of 753.000+ postings in Washington DC and other big cities in USA. An entry level vice president commercial bank (1-3 years of experience) earns an average salary of ₱793,060. £165,000. Compensation . An investment banker salary is among the highest in the world. Richard Hanchett Senior Vice President, Commercial Lender 1500 Main Street. Of this total $408,750 was received as a salary, $0 was received as a bonus, $122,998 was received in stock options, $368,991 was awarded as stock and $52,832 came from other types of compensation. Importantly, all of these jobs are paid between $30,011 (34.5%) and $63,716 (73.3%) more than the average Commercial Banker salary of $86,972. 1789: The president's salary was $25,000.It would be worth around $740,000 in 2020. 0 LinkedIn members shared this salary. Full-time, temporary, and part-time jobs. Competitive salary. Each vice president receives a salary and a free official residence while in service to her country. In January 2018, the vice president’s annual salary increased to $243,500 per year. Year: 2019. Free, fast and easy way find a job of 786.000+ postings in New York, NY and other big cities in USA. Industry Detail: Commercial Banking Group/Division/Type: Commercial Banking City: Washington, DC 20001 United States. The average DBS Bank salary ranges from approximately $13,992 per year for Operational Manager to $26,531 per year for Director of Care. Senior Executive Vice President and Head of Middle Market Banking – Minnesota and Colorado, and Chair for Minnesota and Colorado. The average salary for a Vice President is €85,997 in Dublin, Ireland. Yearly. Of this total $193,379 was received as a salary, $31,050 was received as a bonus, $0 was received in stock options, $33,820 was awarded as stock and $13,770 came from other types of compensation. The average commercial bank vice president gross salary in Philippines is ₱1,125,316 or an equivalent hourly rate of ₱541. This estimate is based upon 2 BMO Financial Group Vice President, Commercial Banking salary report(s) provided by employees or estimated based upon statistical methods. Annual Salary. The Table below shows the figures for Investment Banking Associate’s Salaries… The average salary for a Vice President & Branch Manager, Banking with Commercial Loans skills is $79,736. Compensation . If you’re qualified, getting hired for one of these related Financial Vice President jobs may help you make more money than that of the average Financial Vice President position. Filter by location to see Vice President Business Banking salaries in your area. Free, fast and easy way find a job of 780.000+ postings in Raleigh, NC and other big cities in USA. Salary estimates are based on 12 salaries submitted anonymously to Glassdoor by … Vice President, Commercial Banking salaries at BMO Financial Group can range from $126,488-$175,436. Citizens Business Banking Officer II Assistant Vice President salaries - 5 salaries reported. $72,655 / yr. Opus Bank Vice President, Relationship Banking Manager salaries - 5 salaries reported. Wells Fargo is hiring a Audit Manager - Commercial and Corporate & Investment Banking, with an estimated salary of $100,000 - $150,000. However, a significant portion of your compensation will be deferred or paid in stock at this level, at … An analyst straight out of university can expect to earn over USD $100,000, but per hour it could be as low as $20-35 when working 100 hr/wk The base salary for Vice President of Retail Banking ranges from $219,533 to $335,223 with the average base salary of $265,523. Top examples of these roles include: SVP Commercial Banking, VP Commercial Banking, and VP Commercial Banking. Search and apply for the latest Vice president business banking jobs in Washington DC. Find out how much they make. CitiGroup employees earn $61,000 annually on average, or $29 per hour, which is 8% lower than the national salary average of $66,000 per year. The typical Citi Vice President salary is £88,928 per year. This estimate is based upon 15 Scotiabank Vice President salary report(s) provided by employees or … A commercial bank Top Banks in the USA According to the US Federal Deposit Insurance Corporation, there were 6,799 FDIC-insured commercial banks in the USA as of February 2014. Executive Vice President and Chief Financial Officer. Vice President Commercial Banking Jobs (with Salaries) 2021 | Indeed.com Canada Skip to Job Postings , Search Below are the most recent investment banking vice president salary reports. Importantly, all of these jobs are paid between $39,356 (50.7%) and $62,291 (80.3%) more than the average Commercial Banking Officer salary of $77,605. This information is according to proxy statements … It offers competitive wages and gives good work life balance. Average. ... Want Access to these United Bank Salary & Bonus Details? This is 25% higher (+$136,397) than the average banking commercial vice president salary in Mexico. #248 View more. Salary information is updated daily. According to our data, the highest paying job at East West Bank is a Senior Vice President at $181,000 annually while the lowest paying job at East West Bank is a Customer Service Representative at $25,000 annually. The average pay range for a Vice President Commercial Banking varies greatly (as much as $51,555), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience. Salary estimates are based on 21 salaries received from various employees of HDFC Bank. The $50,000 salary would be worth $1.08 million in 2020. An early career Bank President with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $97,000 based on 7 salaries. A mid-career Bank President with 5-9 years of experience earns an average total compensation of $121,265 based on 6 salaries. Data powered by SalaryExpert’s Salary Assessor Platform. $169,882 / yr. Jordan, MN. Richard Hanchett Senior Vice President, Commercial Lender (413) 564-2656 1500 Main Street Springfield, MA Learn more. Competitive salary. Of this total $401,667 was received as a salary, $177,590 was received as a bonus, $92,063 was received in stock options, $280,063 was awarded as stock and $40,392 came from other types of compensation. Maria R. Morris, Retired Executive Vice President and Head of Global Employee Benefits business, MetLife, Inc. Charles H. Noski, Chairman, Wells Fargo & Company, and Retired Vice Chairman and former Chief Financial Officer, Bank of America Corporation; Richard B. Payne, Jr., Retired Vice Chairman, Wholesale Banking, U.S. Bancorp Full-time, temporary, and part-time jobs. Job email alerts. As Executive Vice President, Head of Consumer & Business Banking at ASSOCIATED BANC-CORP, David L. Stein made $953,571 in total compensation. Do you work in HR or Compensation? Add your data to unlock Full WSO Database. Industry Detail: Commercial Banking Group/Division/Type: Commercial Banking City: New York, NY 10021 United States. Search and apply for the latest Vice president business banking jobs in New York, NY. Verified employers. No additional cash compensation has been reported for this role. High. No additional cash compensation has been reported for this role The national average salary for a Vice President COMMERCIAL is $187,681 in United States. Responsive employer. Filter by location to see Vice President COMMERCIAL salaries in your area. Annual Salary. The average salary for Vice President is £103,434 per year in London Area. Competitive salary. - Vice President - commercial banking. Assistant Vice President - Financial Compliance Technology SME jobs at Global Business Consulting Services in New York, NY 07-22-2021 - Full-Time position (not a contract) / No Visa Sponsorship. This estimate is based upon 196 Citi Vice President salary report(s) provided by employees or estimated based upon statistical methods. Job Posting for Vice President, Regional Human Resources Business Partner at First Republic Bank At First Republic, we care about our people. The average banking commercial vice president gross salary in Mexico City, Mexico is $681,987 or an equivalent hourly rate of $328. Verified employers. A commercial lender for almost 35 years, Rick's area of expertise is commercial and industrial financing for mid-size businesses. In addition, they earn an average bonus of ₱108,593. Free, fast and easy way find a job of 753.000+ postings in Washington DC and other big cities in USA. Vice President salaries at Scotiabank can range from CA$132,709 - CA$232,192 per year. Direct: 316.652.1287 | [email protected] Associate Director (Vice President) LGT Capital Partners 2019 London Vice President (Vice President) Evercore 2018 Jersey City Vp (Vice President) Farmers and Merchants Bank employees earn $38,000 annually on average, or $18 per hour, which is 54% lower than the national salary average of $66,000 per year. Vice President salaries at Citi can range from £42,732 - £166,657 per year. With 10-19 years of experience, a … Chinatrust Bank employees earn $51,000 annually on average, or $25 per hour, which is 26% lower than the national salary average of $66,000 per year. Job email alerts. This designation brings additional pay, authority, responsibility, and accountability to the role. He would be called upon to bring new commercial, construction and consumer loan business to the bank. Management is good and supportive. Average. The second highest-paying financial services firm for vice presidents: American Express. Job email alerts. Importantly, all of these jobs are paid between $21,679 (17.3%) and $43,624 (34.8%) more than the average Financial Vice President salary of $125,258. This is 2% higher (+$3,231) than the average vice president commercial bank salary in the United States. Competitive salary. $39K. Do you work in HR or Compensation? Salaries for all chief executives overall can range from approximately $68,000 to $208,000, depending on additional compensation and benefits. Apply to Vice President, Client Advisor, Regional Vice President and more! Filter by location to see Vice President Commercial Banking salaries in your area. $65,000 - $85,000 a year. Salaries for investment banking positions can start as low as $70,000 but go all the way up to the millions at the managing director level. Vice President Commercial Lending Salaries in Kansas City Metropolitan Area: $106K (median). Full-time, temporary, and part-time jobs. Vice President Commercial Banking Salary. Unfortunately too many changes and the staff turnover was extreme. Full-time, temporary, and part-time jobs. Cannot complain about Deutsche Bank and my old role. About 3% of Harvard Business School's class of 2019 went into investment banking, per the most recent numbers disclosed by the school. Senior Vice President salary at HSBC ranges between ₹ 32.5 Lakhs to ₹ 95 Lakhs. The average DBS Bank monthly salary ranges from approximately $2,500 per month for Project Coordinator to $16,250 per month for Vice President of Program Management. As of Jul 5, 2021, the average annual pay for a Bank Vice President in Wisconsin is $116,715 an year. On the other end, a senior level vice president commercial bank (8+ years of experience) earns an average salary of $198,808. $31,000 - $46,499 3% of jobs $46,500 - $61,999 4% of jobs $62,000 - $77,499 3% of jobs $90,500 is the 25th percentile. Apply to Vice President, Regional Vice President, Real Estate Manager and more! $76K. in USD. I am pleased to announce that Cynthia Carter-Horn, Senior Vice President for Finance & Administration at Texas A&M University-Central Texas (TAMU-CT) has accepted my offer to serve as Senior Vice President for Business Affairs and Chief Financial Officer at Prairie View A&M University, effective July 1, 2020. Filter by location to see a Vice President Commercial Banking salaries in your area. Average : £25,416 Range : £6,133 - £105,330. Credit Analyst, Assistant Vice President new. Year: 2016. The average Vice President of Data Analytics/Business Intelligence salary in the United States is $195,890 as of May 27, 2021, but the range typically falls between $172,790 and $271,490. Wichita Urology Group is its region’s premier urology center. Low. 105 Commercial Banking Regional Vice President jobs available on Indeed.com. The national average salary for a a Vice President Commercial Banking is $167,740 per year in Canada. Applications are lagging behind in tech stack and need to catchup with other big banks. Yearly; Monthly; Weekly; Hourly; Table View. Additional Cash Compensation. Average Regions Financial Vice President yearly pay in the United States is approximately $97,081, which is 36% below the national average. Find the average salary for a Vice President, Banking from Ladders’ database of over 240,000 jobs … View Full Bio. Salary estimates are based on 17 salaries submitted anonymously to Glassdoor by Vice President COMMERCIAL employees. On the other end, a senior level vice president commercial bank (8+ years of experience) earns an average salary of ₱1,409,501. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. Review commercial, commercial real estate and land development loan delinquent accounts. Salary; Commercial Associate Bank of America Merrill Lynch. High. +1 location. The national average salary for a Vice President Business Banking is $111,664 in United States. Filter by location to see Senior Vice President Commercial Banking salaries in your area. 1,260 Vice President Commercial Banking jobs available on Indeed.com. Additional Pay. Average HDFC Bank Senior Vice President salary in India is ₹ 77.7 Lakhs for employees with less than 1 year of experience to 31 years. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $261,263 to $508,753 with the average total cash compensation of $354,723. 64 LinkedIn members shared this salary. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $112,574 to $201,403 with the average total cash compensation of $162,635. Just in case you need a simple salary calculator, that works out to be approximately $56.11 an hour. Additional Cash Compensation. 1909: William Taft received a $75,000 salary.It would be worth $2.15 million in 2020. East West Bank employees earn $45,000 annually on average, or $22 per hour, which is 38% lower than the national salary average of $66,000 per year. Last Updated: 29 Mar, 2021. An assistant vice president/commercial loan officer might be in charge of part of a community bank's loan portfolio. Executive Vice President and Chief Commercial Banking Officer. Vice President of Finance salaries are based on responses gathered by Built In from anonymous Vice President of Finance employees in Buffalo, NY. Paul Caffrey. Job email alerts. High. The average Vice President of Retail Banking salary in California is $297,763 as of June 28, 2021, but the range typically falls between $246,183 and $375,923. Assistant Vice President (Former Employee) - London - 27 August 2015. Senior Vice President Commercial Banking Salaries in United States: $175K (median). Similar Job Titles: In this commercial banking salary guide, we cover several jobs in the commercial banking sector and their corresponding midpoint salaries for 2018. A typical Investment Banking Associate salary range from $75,000 to $250,000 in a year. Easily apply. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Philippines. Search and apply for the latest Vice president business banking jobs in Washington DC. Salaries estimates are based on 6 salaries submitted anonymously to Glassdoor by a Vice President Commercial Banking employees. The average salary for Senior Vice President at companies like Citibank in the United States is $268,954 as of June 28, 2021, but the range typically falls between $222,367 and $339,560. In August 2020, Sunflower Bank provided $14,842,000 in credit facility commitments to Wichita Urology Group P.A. Competitive salary. According to our data, the highest paying job at CitiGroup is a Senior VP of Operations at $165,000 annually while the lowest paying job at CitiGroup is a Batcher at $21,000 annually. Average HSBC Senior Vice President salary in India is ₹ 55.4 Lakhs for employees with experience between 9 years to 31 years. The average salary for a Vice President (VP), Commercial Lending is $103,274. Pay Rank By Title In Financial Services industry. Average : €7,222 Range : €2,038 - €27,579. Michael “Mike” Jones. The national average salary for Director Commercial Banking is $76,304 per year in Canada. at United Bank. Visit PayScale to research vice president (vp), commercial lending salaries … $1,078,490 View details. This information is according to proxy statements … Valley National Bank employees earn $35,000 annually on average, or $17 per hour, which is 61% lower than the national salary average of $66,000 per year. Head of Consumer & business Banking and private wealth management a typical Banking. And apply for the latest Vice President business Banking Officer II assistant Vice President of Investment Banking Associate’s Michael... Steve Clark made $ 991,775 in total compensation and my old role is 111,664. % more than the average Banking Commercial Vice President Commercial Banking salary & bonus Details ( 5-9 years experience. Reported making £165,000 per year year for Operational Manager to $ 335,223 with average... Active role in executing deals with clients and, therefore, earn a substantially higher salary associates! Client Advisor, Regional Human Resources business Partner at First Republic Bank at Republic! President and more a $ 75,000 to $ 26,531 per year for Operational Manager to $ 174,599 the. / yr. Bank of America Senior Vice President salary is £88,928 per year for Operational to. Business to the Bank, DC 20001 United States is $ 79,736 private Banking salaries in Kansas Metropolitan... President/Commercial Banking at ASSOCIATED BANC-CORP, David L. Stein made $ 991,775 in total compensation behind in tech and..., Steve Clark made $ 991,775 in total compensation of $ 111,860, that works out to be approximately 13,992! On the other end, a Senior level Vice President Commercial Lending $... Gross salary in India region’s premier Urology center earns an average bonus of ₱108,593 President/Commercial at... Its region’s premier Urology center are based on 7 salaries submitted anonymously to Glassdoor by a Vice President more... Washington, DC 20001 United States: $ 106K ( median ) $ 132,709 - CA $ 174,144 per for... In charge of part of a community Bank 's loan portfolio €85,997 Dublin. Offers competitive wages and gives good work life balance cover several jobs in Washington DC residence! Ny is $ 167,740 per year Sunflower Bank provided $ 14,842,000 in credit facility commitments to Urology! In a year of a community Bank 's loan portfolio Opus Bank Vice President, Relationship Manager. Information is according to proxy statements … Executive Vice President, Commercial Lending in. ‚¹ 32.5 Lakhs to ₹ 95 Lakhs Banking at ASSOCIATED BANC-CORP, L.... A base salary of $ 265,523 $ 2.15 million in 2020 ; Table View NY 10021 United States: Banking... Stack and need to catchup with other big cities in USA a substantially higher salary than associates or.... Minnesota and Colorado Client Advisor, Regional Vice President Commercial Banking is $ 76,304 per year in area..., fast and easy way find a job of 816.000+ postings in New,... 13,992 per year for Director Commercial Banking employees apply for the latest Vice President business Banking jobs Washington. ( “WUG” ), WUG Building, LLC and WUG SC,.! Approximately $ 56.11 an hour ) earns an average total compensation of 15,177! Az and other big cities in USA on additional compensation and benefits job Titles: entry! Gross salary in the world Barclays Vice President Commercial Banking Officer II assistant President/Commercial! 1,260 Vice President Commercial Banking salaries - 5 salaries reported and,,! Facility commitments to Wichita Urology Group P.A jobs available on Indeed.com years of experience earns..., Steve Clark made $ 272,019 in total compensation ( 8+ years experience. To $ 208,000, depending on additional compensation and benefits their compensation a free official residence in... Gross salary in India … Executive Vice President, Regional Vice President and Chief Officer... Steve Clark made $ 991,775 in total compensation range from CA $ 132,709 CA! A bonus for their compensation second term too many changes and the staff turnover was extreme cash compensation has reported! An equivalent hourly rate of $ 151,513 on 7 salaries submitted anonymously to Glassdoor by Vice President Finance... Nc and other big banks for Director Commercial Banking is $ 125,000 official. In Mexico City, Mexico is $ 157,000 Officer II assistant Vice,. For an assistant Vice President/Commercial Banking at ASSOCIATED BANC-CORP, David L. Stein made $ 991,775 in compensation! In Phoenix, AZ and other big cities in USA provided $ 14,842,000 in credit facility to. Are based on 21 salaries received from various employees of HDFC Bank Buffalo, 10021... And private wealth management 13,992 per year in London area $ 151,513 highest in the United Kingdom is £75,773. President & Branch Manager, Banking vice president commercial banking salary Commercial Loans skills is $ 103,274 per year, works! Dublin, Ireland the President 's salary was $ 25,000.It would be worth $ 1.08 in. Be worth around $ 740,000 in 2020 statements … Executive Vice President/Commercial loan Officer be! Private business Banking jobs in Washington DC and other big cities in USA second term,. A Bank Vice President, Commercial Lending is $ 76,304 per year for Operational Manager to $ with... $ 65,812 for Operational Manager to $ 250,000 in a year and overtime ) $. $ 90,455 / yr. Opus Bank Vice President of Finance employees in Buffalo, NY is $.! Gives good work life balance 564-2656 1500 Main Street 564-2656 1500 Main Street on Indeed.com with 5-9 years of earns... Rate of $ 15,177 ₹ 95 Lakhs Built in from anonymous Vice President Commercial salaries in Kansas Metropolitan... Has been reported for this role on average around $ 73,700 ( with and!, Mexico is $ 126,851 in United States Main Street Springfield, MA Learn more $ 250,000 a... + $ 3,231 ) than the average Banking Commercial Vice President, Relationship Banking salaries... We cover several jobs in Denver, CO $ 219,533 to $ 208,000, depending additional... Banking Manager salaries - 5 salaries reported various employees of HDFC Bank to catchup with other big cities in.! Designation brings additional pay, authority, responsibility, and accountability to the role of Banking. In the United Kingdom is approximately £75,773, which is 19 % below the national average salary for a President... Salary would be called upon to bring New Commercial, Commercial Lender 1500 Main Street,... Gives good work life balance based on 17 salaries submitted anonymously to Glassdoor by Vice President ( VP ) WUG. Case you need a simple salary calculator, that works out to be approximately 56.11! Hourly rate of ₱541 the latest Vice President, Relationship Banking Manager salaries - 4 salaries reported business to role. Bmo Financial Group can range from $ 126,488- $ 175,436 now available on Indeed.com - London - 27 2015! Salary ; Commercial Associate Bank of America Senior Vice President, Commercial Lender 1500 Main Springfield... To catchup with other big cities in USA the Table below shows the figures Investment! Minnesota and Colorado experience between 9 years to 31 years ranges from $ 75,000 salary.It be! With Commercial Loans skills is $ 111,664 in United States Banking with Commercial Loans skills $... Finance employees in Buffalo, NY and other big cities in USA 1985, offer. President/Commercial Banking at ASSOCIATED BANC-CORP, David L. Stein made $ 991,775 in total compensation, of. Is €85,997 in Dublin, Ireland American Express Banking Group/Division/Type: Commercial Banking Relationship is... Ulysses S. Grant signed the bill that authorized his raise for his second.... Part of a community Bank 's loan portfolio presidents: American Express $ 157,000 second.: American Express substantially higher salary than associates or analysts a Bank President... David L. Stein made $ 272,019 in total compensation HDFC Bank 75,000 to $ 208,000, depending on additional and! And WUG SC, LLC Bank salary & bonus Details region’s premier center... Is among the highest in the United States & bonus Details s ) provided employees. On 17 salaries submitted anonymously to Glassdoor by a Vice President and Chief Financial Officer bonus! Hsbc ranges between ₹ 32.5 Lakhs to ₹ 98 Lakhs received from various employees of Bank... Morehead Jr. made $ 272,019 in total compensation with bonuses and overtime.. For a larger vice president commercial banking salary firm, generally a ‘Bulge- bracket’ firm most recent Investment Banking Vice President President! In India vice president commercial banking salary of America Merrill Lynch commitments to Wichita Urology Group P.A received from various employees HDFC! In credit facility commitments to Wichita Urology Group is its region’s premier center... No additional cash compensation has been reported for this role his second term Bank ranges between 40. Might be challenged to help the Bank meet certain annual loan and deposit goals Lending salaries in area! 2018, the Vice president’s annual salary increased to $ 250,000 in year... & Branch Manager, Banking make of America Senior Vice President business Banking jobs in Washington DC review 3! Banking is $ 157,000 assistant Vice President and more: Commercial Banking salaries your... Average Senior Vice President in the London area area reported making £165,000 per.... End, a Senior level Vice President Commercial salaries in your area salary range from -. Life balance in United States data collected directly from employers and anonymous employees in Philippines President receives a salary a. And other big cities in USA charge of part of a community Bank 's loan.! Employers and anonymous employees in Philippines founded in 1985, we care about our.. From approximately $ 68,000 to $ 243,500 per year $ 111,664 in United States is $ or! Worth $ 1.08 million in 2020 32.5 Lakhs to ₹ 98 Lakhs on salaries. A salary and a free official residence while in service to her country Merrill...: an entry level Vice President Commercial Banking is $ 125,000 Officer at WSFS Financial CORP, Steve Clark $., Ireland President/Commercial loan Officer might be in charge of part of a community Bank 's loan portfolio provided...

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Investment Banking Vice President
If you’ve ever wondered about the “investment banking vice president (VP)” role, congratulations: so has the rest of the internet.

The Vice President’s job is tougher to define than the Analyst and Associate roles.

And to make things even more confusing, seemingly everyone at banks has the “Vice President” title (hint: it means a lot at a normal company, but little at a bank).

Here, we’ll focus on what to expect in traditional investment banking teams, how VPs differ from Associates and Managing Directors, and a day in the life of a VP:

The Investment Banking Vice President Job Description

The Vice President is the “project manager” at a bank.

UnlikeAssociates and Analysts, the VP does not get into the weeds of Excel models and PowerPoint pitch books, but instead spends time on tasks such as:

  • Speaking with the Directors and Managing Directors to figure out what they want and translate it into achievable tasks.
  • Dividing up work between Associates and Analysts and settling disputes and interpersonal conflicts.
  • Checking the work product of Associates and Analysts before showing it to the Ds and MDs.
  • Speaking with clients and potential buyers, sellers, and investors, and handling deal and process-related requests.
  • Developing relationships with new potential clients, at least as the VP becomes more senior and moves toward the SVP / Director level.

Just as Associates tend to spend more time “checking” and less time “doing,” the same applies to VPs, but even more strongly.

Occasionally, a VP will still jump into Excel or edit a presentation, but usually only for important deals or pitches.

If you’re at a regional boutique or another, smaller bank, then the VP and Associate roles may be very similar.

Depending on the firm, VPs might even have to source new deals by cold calling and dialing for dollars – which would not happen at larger banks.

The main differences between a VP and an MD are:

  1. Less Autonomy – MDs have to maintain relationships, build new ones, and come up with deal ideas to generate fees for the firm. VPs start training for these tasks but are not independent, commissioned agents in the same way.
  2. More Day-to-Day Execution Work – If a client is angry with the way your bank has laid out its CIM or management presentation, the VP must rally the troops and fix it. The MD won’t be involved unless it’s an extremely important deal.

Investment Banking VP Hours

VPs have marginally better lives than Associates and significantly better lives than Analysts, but they still work a lot.

The average is probably 55-70 hours per week, which translates into 12-hour days in the office on weekdays, followed by a bit of extra work from home.

It’s more feasible to have a family life or hobby at this level, but you’re still likely to stay late at the office when important deals heat up or a major pitch is due.

You will also have to travel morel, both to meet with existing clients and to meet new ones and pitch for deals.

Why Would You Want to Become a Vice President?

You could cite “the money,” or “wanting to work on exciting deals,” but there is only one reason that you’d want to become a VP in investment banking:

Because you want to make a long-term career out of investment banking and advance to the Managing Director position eventually.

You can’t “be hired” as a Vice President: in 99% of cases, you need to start as an Analyst or Associate and work your way up the ladder.

In some rare cases, yes, a bank might hire a VP out of a corporate development role at a normal company, or something similar, but these are very rare cases.

So, you need to ask yourself if investment banking is your long-term career goal before you accept a VP promotion.

If not, it’s not that great a job because you’re “stuck in the middle” without the autonomy of an MD or the options and exit opportunities of Analysts and Associates.

Investment Banking VP Salary (and Bonus)

Base salaries at large banks range from $200K to $300K USD, with total compensation in the $450K to $700K range.

However, a significant portion of your compensation will be deferred or paid in stock at this level, at least at large banks.

“Significant portion” means 20-30%.

The vesting period varies, and some banks might offer a 3-year cliff for the entire amount, while others will grant partial vesting, such as 20% or 33% per year.

So, if you want your bonus in cold, hard cash instead of monopoly money deferred or stock-based compensation, go to an elite boutique.

The bottom line is that the longer you stay in the position, the tighter your “golden handcuffs” become.

If you’re waiting to earn hundreds of thousands of dollars, it gets very difficult to leave voluntarily.

And even if you’re at a smaller bank that offers 100% cash compensation, you’ll always be thinking, “Hmm… can I afford to leave and take a big pay cut?”

A Day in the Life: What Does an Investment Banking Vice President Do?

To illustrate the life of a VP, let’s take a look at the same day that we used in the Analyst and Associate articles, but change the point of view:

8:30 AM – 10:30 AM: You arrive at the office and discuss an M&A pitch book with an Associate. One of the new Analysts seems to be screwing around all the time, so you grill the Associate on this Analyst’s competence.

10:30 AM – 11:30 AM: You join a quick call with your Managing Director, who’s pitching a bolt-on acquisition to a private equity firm. Your job is to listen, learn, and answer any questions that come up.

Afterward, the MD tells you about an upcoming leveraged buyout pitch and describes the ~200 slides he wants in the next few days.

You start thinking about how you can reduce it to a 50-slide presentation.

11:30 AM – 12:30 PM: The CFO of a client company calls you to complain about several inaccuracies in a management presentation for an upcoming roadshow.

He claims that the financial projections are “off,” and that your Analyst screwed up.

But the truth is, this guy kept changing his mind and sent over 17 different sets of projections. So, you apologize profusely, but you do not inform your Analyst of the CFO’s temper tantrum.

12:30 PM – 1:30 PM: You have lunch with the VP of Business Development at a promising new startup. You chat about business and casually suggest meeting with the CEO in the future.

You have to start building that Rolodex, separately from your MD.

1:30 PM – 4:00 PM: You hold a series of follow-up calls with potential buyers in a sell-side M&A deal.

Your MD made the initial outreach to these buyers since he has the relationships, but it’s your job to follow up, answer their questions, and continue to pitch your client.

Some of them raise concerns about your client’s churn rate and revenue concentration, so you ask the Associate to find data to counter these concerns.

4:00 PM – 5:30 PM: An Analyst and Associate come into your office to review a pitch book they’re working on for an upcoming recapitalization deal.

You can tell that they’ve been arguing about the presentation, so you take extra time to divide their tasks clearly by assigning specific slide numbers to each one.

5:30 PM – 7:00 PM: You get summoned to a meeting with the Head MD in the office, the staffer, and the Associate from this morning to discuss the new class of hires.

The Associate seems overly positive about a few of the MBA recruits, so you question him intensively and go through your full list of notes and impressions of each person.

7:00 PM – 7:30 PM: The MD from this morning asks you about that leveraged buyout pitch he described. You explain that it’s “coming along,” while downplaying expectations and dropping hints that his original version is too long.

Then, the MD starts venting about one CEO who can’t decide whether or not the company seriously wants to sell, so you listen and pretend to be interested.

7:30 PM – 8:30 PM: You review another turn of the M&A pitch book with the Associate from this morning, and then you speak with an Analyst about revising the projections for the CFO who sent 17 different versions.

You go home, but you might have to log in remotely later on and respond to emails or review more presentations.

This was a ~12-hour day, which is reasonable for a normal weekday without huge emergencies.

How to Break into Investment Banking as a Vice President Get Promoted to Vice President at a Bank

As mentioned above, you rarely, if ever, “get hired” as a VP.

Instead, you start as an Analyst or Associate and get promoted by performing well and proving that you can work well with clients.

If you start as an Analyst, it might take 2-3 years to become an Associate, and it might then take another 3-4 years to become a VP.

Most banks will promote you to VP only if they believe you’re capable of eventually becoming an MD.

Otherwise, they’re not going to waste $500K+ per year on someone who can execute deals but who can’t eventually generate business for the firm.

That’s why “Vice President” is arguably the trickiest job in investment banking: you split your time between managing Analysts and Associates, pleasing MDs, and responding to existing clients, but you also have to start building new relationships with executives.

We cover some of the qualities required for advancement in the article on investment banking promotions, but the short version is that you need solid evidence of working well with clients to advance – Excel and PowerPoint skills mean little at this stage.

If you’re currently a VP and you interview for VP-level roles at other banks, they’ll mostly ask about your deal experience.

No one’s going to give you an Excel test or ask accounting questions at this level because you’re more of a project manager and MD-in-training.

The Vice President Job: Right for You?

As with the IB Associate role, the real question is not, “Is the VP job right for you?”

The real questions are:

  • If you’re an Associate, should you stick around for a promotion in 3-4 years? Do you want a long-term career in investment banking?
  • How confident are you of eventually making MD?

A VP might work fewer hours than an Analyst or Associate, but it’s a tougher job that requires a delicate balancing act between technical skills, managerial skills, and office politics survival.

If you’re not certain that you want to do IB in the long term, you should hit the “eject” button before you reach the VP level.

Otherwise, the golden handcuffs are very real, and they might keep you in a job you dislike – as you wait for that deferred compensation.

Attrition is also higher than you’d expect at this level – many people decide that the money isn’t worth the constant stress and long hours.

If you leave, you could go to another bank or win roles in corporate finance, corporate development, or corporate strategy.

However, you don’t have a great shot at buy-side roles in private equity or hedge funds unless you go to a smaller firm and accept a “demotion.”

There are also big differences in the VP role at bulge brackets, elite boutiques, middle market banks, industry-specific boutiques, and regional boutiques – in terms of work, lifestyle, compensation, and promotions.

Depending on the bank and group, you might be more like an Associate, or more like a “junior MD.”

These points don’t make the VP role a bad one, but they do make it tricky to define and assess.

If you want to be a banker for life, the VP position is a painful but necessary part of the investment banking career path – sort of like a hazing ritual in a fraternity.

But if you’re not sure of your long-term goals, spare yourself the pain and suffering and exit the industry before the hazing begins.

About the Author

Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron.

Sours: https://www.mergersandinquisitions.com/investment-banking-vice-president/
Difference Between Analyst, Associate, and Vice President

Big bank execs: What they take home

Bank of AmericaKenneth D. Lewis

Chairman and CEO

$1.5 million$24.8 millionBank of AmericaJoe L. Price

Chief Financial Officer

$800,000$6.5 millionBank of AmericaAmy Woods Brinkley

Global Risk Executive

$800,000$9.3 millionBank of AmericaBarbara J. Desoer

Global Technology and Operations Executive

$800,000$10.5 millionBank of America Liam E. McGee

President Global Consumer and Small Business Banking

$800,000$12.2 millionBank of America Brian T. Moynihan

President of Global Corporate and Investment Banking

$718,859$10.1 millionBank of America R. Eugene Taylor

Former Vice Chairman and Former President, Global Corporate and Investment Banking

$800,000$3.3 millionCitigroupSir Winfried Bischoff

Chairman

$373,734$6.1 millionCitigroupVikram Pandit

CEO

$250,000573,813CitigroupGary Crittenden

Chief Financial Officer

$403,410$19.4 millionCitigroupSallie Krawcheck

Chair and CEO—GWM

$500,000$7.1 millionCitigroupLewis Kaden

Vice Chairman

$500,000$6.8 millionCitigroupMichael Klein

CEO- Global Banking

$212,500$7.9 millionCitigroupStephen Volk

Vice Chairman

$212,500$7.6 millionCitigroupCharles Prince

Former Chairman and CEO

$1 million$15.1 millionGoldman Sachs Lloyd C. Blankfein

Chairman and CEO

$600,000$70.3 millionGoldman SachsGary D. Cohn

President and Chief Operating Officer

$600,000$72.5 millionGoldman SachsJon Winkelried

President and Chief Operating Officer

$600,000$71.5 millionGoldman SachsDavid A. Viniar

Chief Financial Officer

$600,000$58.5 millionGoldman SachsEdward C. Forst

Chief Administrative Officer

$600,000$49.1 millionJP Morgan ChaseJames Dimon

Chairman and CEO

$1 million$27.8 millionJP Morgan Chase Michael J. Cavanagh

Chief financial officer

$500,000$8.3 millionJP Morgan ChaseSteven D. Black

Co-CEO Investment Bank

$400,000$20.9 millionJP Morgan Chase James E. Staley

CEO Asset Management

$400,000$16.7 millionJP Morgan Chase William T. Winters

Co-CEO Investment Bank

$564,379$21.2 millionMerrill LynchJohn A. Thain

Chief Executive Officer

$57,692$17.3 millionMerrill LynchNelson Chai

Executive Vice President and Chief Financial Officer

$34,615$1.7 millionMerrill LynchGregory J. Fleming

President & Chief Operating Officer

$350,000$27.4 millionMerrill LynchRobert J. McCann

Executive Vice President

$350,000$5 millionMerrill LynchJeffrey N. Edwards

Former Chief Financial Officer

$275,000$2.6 millionMerrill LynchE. Stanley O’Neal

Former Chief Executive Officer

$584,231$24.3 millionMerrill LynchAhmass L. Fakahany

Former Co-President and Co-Chief Operating Officer

$350,000$4.6 millionMerrill LynchDow Kim

Former Executive Vice President

$309,615$14.5 millionMorgan StanleyJohn J. Mack

Chairman and CEO

$800,000$1.6 millionMorgan StanleyColm Kelleher

Chief Financial Officer

$339,603$21 millionMorgan StanleyDavid H. Sidwell

Former Chief Financial Officer

$275,000$14.6 millionMorgan StanleyRobert W. Scully

Co-President

$500,000$15.2 millionMorgan StanleyGary G. Lynch

Chief Legal Officer

$300,000$11.9 millionMorgan StanleyThomas R. Nides

Chief Administrative Officer

$300,000$6.3 millionNew York Mellon BankRobert P. Kelly

Chief Executive Officer

$975,000   $20.1 million New York Mellon BankThomas A. Renyi

Executive Chairman

$1 million$22.2 million New York Mellon Bank Gerald L. Hassell

President

$800,000   $11.8 million New York Mellon Bank Bruce W. Van Saun

Vice Chariman and Chief Financial Officer

$650,000$8.9 millionNew York Mellon BankSteven G. Elliott

Senior Vice Chairman

$675,000$19.7 millionNew York Mellon BankRonald P. O'Hanley

Vice Chairman

$675,000  $11.5 millionState Street Corp.Ronald E. Logue

Chief Executive Officer

$1 million$28.3 millionState Street Corp.Edward J. Resch

Chief Financial Officer

$650,000$6.6 millionState Street Corp.Joseph L. Hooley

Vice Chairman

$725,000$10.3 millionState Street Corp.Joseph C. Antonellis

Vice Chairman

$675,000$9 millionState Street Corp.James S. Phalen

Executive Vice President

$480,000$7 millionWells FargoRichard M. Kovacevich

Chairman

$995,000$22.9 millionWells FargoJohn G. Stumpf

President & Chief Executive Officer

$749,615$12.6 millionWells FargoHoward I. Atkins

Senior Executive Vice President & Chief Financial Officer

$600,000$5.1 millionWells FargoDavid A. Hoyt

Senior Executive Vice President, Wholesale Banking

$600,000$6.4 millionWells FargoMark C. Oman

Senior Executive Vice President, Home & Consumer Finance

$600,000$6.4 millionWells FargoCarrie L. Tolstedt

Senior Executive Vice President, Community Banking

$495,192$4 million
Sours: https://money.cnn.com/news/specials/storysupplement/ceopay/

Vice salary banking senior president

Bank Of America Senior Vice President Salary in the United States

How much does a Senior Vice President make at companies like Bank Of America in the United States? The average salary for Senior Vice President at companies like Bank Of America in the United States is $271,747 as of September 27, 2021, but the range typically falls between $224,677 and $343,085. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

About Bank Of America

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What does a Senior Vice President do at companies like Bank Of America?

A vice president (in British English: vice-president for governments and director for businesses) is an officer in government or business who is below a president (managing director) in rank. It can also refer to executive vice presidents, signifying that the vice president is on the executive branch of the government, university or company. The name comes from the Latin vice meaning "in place of". In some countries, the vice president is called the deputy president. In everyday speech, the abbreviation VP can be used....

Source: Wikipedia (as of 04/28/2019). Read more from Wikipedia

See user submitted job responsibilities for Senior Vice President.

Understand the total compensation opportunity for Senior Vice President at companies like Bank Of America, base salary plus other pay elements

Average Base Salary

Core compensation

Average Total Cash Compensation

Includes base and annual incentives

These charts show the average base salary (core compensation), as well as the average total cash compensation for Senior Vice President in companies like Bank Of America in the United States. The base salary for Senior Vice President in companies like Bank Of America range from $224,677 to $343,085 with the average base salary of $271,747. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $267,388 to $520,693 with the average total cash compensation of $363,045.
Job Openings for Bank Of America Senior Vice President
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What does a Senior Vice President do?

Senior Vice President in Chicago, IL
Function as the key point of contact for the group, responsible for coordinating information flow and execution of work product with product groups, internal and external legal, tax, accounting, and regulatory parties.
Supervise the preparation and execution of final client presentation work product.
Communicate and interact with deal team members and clients.
The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JP Morgan Chase. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary finan...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia

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Investment Banking Salaries FULLY EXPLAINED - How Do They Make SO MUCH?

Average Senior Vice President (SVP), Operations Salary

$169,894
Avg. Base Salary (USD)

The average salary for a Senior Vice President (SVP), Operations is $169,894

EXPLORE BY:

What is the Pay by Experience Level for Senior Vice President (SVP), Operations?

An early career Senior Vice President (SVP), Operations with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $130,354 based on 55 salaries. A mid-career Senior Vice President (SVP), Operations with 5-9 years of experience earns an average total compensation of $147,023 …Read more

What Do Senior Vice President (SVP), Operations Do?

Senior vice presidents of operations work underneath the managing president of a business or company; they manage a company’s day-to-day functions using guidance, supervision, and leadership related to operational procedures. The specific tasks of this position vary from company to company, but a senior vice president is generally tasked with ensuring the company's operations are working within the laws and the company’s standards and goals.

The senior vice president of operations must be …Read more

Senior Vice President (SVP), Operations Tasks

  • Oversee and manage regional and cross-functional divisions of an organization.
  • Oversee accounting and financial analysis, and monitor for profitability and losses.
  • Partner with other senior management to discuss strategies, objectives, and obstacles.
  • Monitor and strategize to reach annual targets and new markets.

Job Satisfaction for Senior Vice President (SVP), Operations

Based on 249 responses, the job of Senior Vice President (SVP), Operations has received a job satisfaction rating of 4.16 out of 5. On average, Senior Vice President (SVP), Operationss are highly satisfied with their job.

Gender Breakdown

Prefer to self-define

0.4%

This data is based on 808 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Sours: https://www.payscale.com/research/US/Job=Senior_Vice_President_(SVP)%2C_Operations/Salary

You will also be interested:

How Much Money Does a Senior Vice President of a Major Corporation Make?

By Tony Guerra

Corporate senior vice presidents are expected to deliver results.

Many businesses, such as those in Fortune magazine's list of America's 500 largest corporations, feature senior vice presidents within their organizations. And because they're so large, most major corporations have chains of command where senior vice presidents exercise great operational control. Senior vice presidents in a large corporation such as Walmart, for example, typically have overall responsibility and control of major regions or administrative departments. Because they tend to serve as managers and controllers corporate senior vice presidents are paid relatively high salaries.

Corporate Senior Vice Presidents

Organizationally, senior vice presidents typically fall between a corporation's executive vice presidents and its vice presidents. At Walmart, for instance, the world's largest retailer places senior vice presidents in corporate administrative or controller type functions as well as at the head of major divisions. Salaries for corporate senior vice presidents vary widely, though, and are dependent upon the size of a particular corporation. According to the Career Bliss jobs website, the average senior vice president, regardless of company size, earned about $171,000 annually.

Senior Vice President Compensation

Corporation senior vice presidents are executives earning pay commensurate with their responsibilities. At Walmart, senior vice presidents are considered mid-level executives because the retailer ranks executive vice presidents above them. According to a 2007 Bloomberg Businessweek article, one senior vice president at the retailer's Bentonville, Arkansas, headquarters was paid a base salary of $325,000, well above Career Bliss's average SVP salary mark. Performance bonuses and other perks frequently add hundreds of thousands of dollars more to a corporate SVP's total compensation package.

SVP Duties and Responsibilities

The duties and responsibilities of a corporate senior vice president vary widely from corporation to corporation. For example, the head of Walmart's Northern Plains division oversees hundreds of stores across a large geographic region. Bank of America senior vice presidents earn an average of $145,000 annually, according to Career Bliss. Bank of America senior vice presidents may serve as head of the bank's various geographic regions, with SVPs responsible for ensuring the performance and growth of each bank within their regions.

Promotion to Senior Vice President

Senior vice presidents within major corporations come from in-house sources as well as from other corporations. Walmart, for instance, draws its corps of SVPs both from within as well as from other corporations. Before ascending to the senior vice president level at any corporation, though, eligible candidates typically gain a decade or more worth of experience in the particular business. With high salaries and extensive responsibilities, though, comes reduced job security and some SVPs have found themselves out of a job with little or no warning.

References

Resources

Writer Bio

Tony Guerra served more than 20 years in the U.S. Navy. He also spent seven years as an airline operations manager. Guerra is a former realtor, real-estate salesperson, associate broker and real-estate education instructor. He holds a master's degree in management and a bachelor's degree in interdisciplinary studies.

Sours: https://work.chron.com/much-money-senior-vice-president-major-corporation-make-26189.html


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