What is the VP salary? You can have more awareness of this topic. If you want to understand more information, read this study.
What is the role of the VP in the Company?
The Vice President job is one of the best positions in the company. So if you want to be the Vice President of the company, then you need to know what is the role of the Vice President in the company. The role of the Vice President in the company is very important.
What is the VP Salary?
Do many people ask about what is a VP salary? You just have to understand that a VP’s salary is higher than an ordinary salary for a specific job.
The VP salary is related to the high position in a company. So if you want to be a VP in a company, then you need to study well so that you can have a high position in the company.
- The average salary of VPS in the US is $177,886. The median is $137,000.
- In the UK the average salary of a VP is £47,050. The median is £29,068.
- In Australia, the average salary of a VP is AU$99,000.00. The median is AU$70,000.00.
Most of the time a Vice President is a high-ranking employee, who is in charge of a division, rather than a company. In many cases, a division can be as large as a company, or even larger. A division may even have other divisions underneath it, called subsidiaries.
Duties and Responsibilities
In addition to having the task of leading a division, a Vice President has many other duties to carry out as well. So, in some companies, the Vice President reports directly to the CEO.
In other companies, the VP is just below the CEO on the organizational chart. However, in most cases, the VP reports to someone else that reports directly to the CEO.
VP, the abbreviation of the vice president, is a title usually given to a person who works as an executive officer of a company. In addition to the responsibilities of directors, they often participate in some or all of the following decisions:
VP and SVP
The positions of Vice President (VP) and Senior Vice President (SVP) were created as part of the Executive Management Council (EMC) of PepsiCo on December 12, 1986. Also, the EMC was created as a new management team led by the Chairman and CEO Roger Enrico.
The EMC included President and COO Craig Weatherup and President and CFO Alexander G. D. Marshall. Under Marshall’s leadership, PepsiCo’s non-food businesses were reorganized in 1987.
Vice President in the United States
In the United States, in contrast to most other countries in the world, in large companies, there is no difference between the title of Vice President and Executive Vice President.
The difference between these two titles is that Executive Vice President is a title given to a person who performs several tasks, including being a direct executive officer of a company, while the Vice President is usually only an executive officer.
For example, in PepsiCo’s Executive Management Council, Craig Weatherup was both president and chief operating officer. Alexander G. D. Marshall was president and chief financial officer. Both were executive vice presidents.
On the other hand, Roger Enrico was chairman and CEO of PepsiCo. He was the only executive vice president.
In conclusion, Vice President is a title usually given to a person who works as an executive officer of a company. In addition to the responsibilities of directors, they often participate in some.