We will tackle the information about VP IT salary. Also, let us tackle the various factors that can affect the salary of VP IT.
How Much Is The VP IT Salary?
Let us tackle this question in detail. The Average VP IT salary varies from one company to another.
Many factors affect the salary of VP. It is not possible to give an exact number as different factors can influence the salary of VP.
However, we can try to give a rough idea about the salary of VP IT.
Rough Idea About The VP IT Salary:
As per Indeed, the average VP IT salary is approximately $135000 per annum. This is just an approximate value and it varies depending on aspects like location, industry, and experience.
The average salary of VP IT in the United States is approximately $130000 per annum while in India it is Rs 770,000 per annum. This is a rough idea about the salary of VP IT.
Listed Below Are Some Of The Major Factors That Affect The Salary:
- Location of the company
- Industry the company belongs to
- Experience of the VP IT in the concerned company
- Education level of the VP IT
These are some of the major factors that affect the salary of VP IT. Let us explore each of them in detail so that we can have a better idea about VP IT.
Location:
The location is one of the most important factors that influence the salary. It is because there are different salaries in different countries.
The salaries may vary by as much as $150000 per annum. For example, in India, many companies are willing to pay a high to the VP of IT who has sound experience.
In addition, in countries like the United States and Canada. So companies pay higher salaries to experienced professionals for the same position.
So, it is clear that this factor can significantly affect the amount that you earn as a VP of IT. It is one of the major factors that affect the salary.
Industry:
The industry you belong to also affects your salary. For instance, if you work in an industry where there is a lot of competition.
Then your salary will be higher than someone who works in a less competitive industry. This factor can affect your salary by as much as 20%.
If you work in a highly competitive industry. Then it will be easy for you to get a higher salary at your workplace than if you worked in a low-competitive industry.
Experience:
How long have you worked as a VP of IT? This factor can also affect your salary significantly. For example, if you have worked for more than 10 years and if you have been working with an organization for more than 10 years.
Then you will be eligible for more benefits than someone who has just started working with an organization for one or two years.
Education Level:
Your education level also affects your salary as well as other benefits at your workplace. For example, if you have completed graduation from a reputed university and have worked with many reputed companies.
Then your employer will give you some benefits like signing bonus and company car on hire purchase etc. It is because you have sound experience as well as education.
You will be eligible for more perks at your workplace than someone who has just graduated from a university. So, this factor can affect your salary as well as other benefits at your workplace.
The above mentioned are some of the major factors that affect the salary. Hope this article is helpful to you.