We will tackle the information on how much the VP real estate salary is. Also, we will tackle the various factors that can affect the salary of VP real estate.
How Much Is VP Real Estate Salary?
The VP real estate salary is around $99,000 to $140,000 per annum in the United States. The salary of the VPs can be found by simply looking at the websites of various companies that are known to hire the VPs.
For example, in California, a VP can earn around $130,000 per annum. This is based on the information gathered by Indeed.com.
However, this is not the only factor that should be considered when trying to determine the salary of a VP of real estate.
Factors That Affect The Salary Of The VPs
The salary of a VP can differ from one region to another. In addition to this, the factors that affect a person’s real estate salary include:
- Work experience
- Education qualifications
- Jobs held previously
So let us discuss in detail information about this factor that can affect below.
Work Experience:
The experience factor is one of the biggest factors that can affect the salary of a VP. In most cases, if you have been in the real estate industry for more than five years and have increased your skills, you will be paid more money.
For example, at the start of your career, you may get paid $80,000 per annum. Over the years, you will get a raise due to your experience.
So this means you will be paid $95,000 per annum for another 5 years. After another five years, you will get a raise due to your work experience and this will see your salary reach $115,000 per annum.
Education Qualifications:
The education factor also affects the salary of a person. For example, if you have a bachelor’s degree in real estate.
Then you are likely to earn more money than someone who has only completed high school. The reason behind this is that people with bachelor’s degrees know more about real estate.
Then those who have only completed high school qualifications. So this is why it is important to always work towards increasing your qualifications when it comes to real estate.
When it comes to the education factor that affects the salaries of VPs in California and other states in the United States. It takes note that various schools offer courses on real estate management and real estate investment strategies.
Some of these schools include:
- University of California-Berkeley Extension
- University of California-Davis Extension
- California State University Channel Islands (CSUCI).
Jobs Held Previously:
Another factor that affects the salary of a VP is the jobs held previously by an individual. It is with regards to working in the real estate sector.
For instance, if a person has worked for 25 years as a property manager before becoming a VP in one company. Then he or she will earn more money than someone who has worked for six months as a property manager.
Before becoming a VP in one company. The salary of VPs also depends on what they do previously.
It is because it usually means they have acquired enough knowledge about real estate to be able to become VPs quickly after starting their careers.