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The vice president of a company is usually the second or third in charge after the President or Chief Executive Officer (CEO). They are part of a President-led team that establishes the vision, beliefs, mission, strategic goals and values of an organization. Vice presidents are responsible for leading, guiding, directing and evaluating the work of other top executives, including managers, senior directors and assistant vice presidents.
The specific duties and responsibilities of a vice president will depend on the needs of their organization. General responsibilities may include:
The job outlook for the role of vice president is expected to increase by 6% from 2018 to 2028, approximately as fast as the average for other occupations. This growth varies by occupation and industry, depending on industry growth rate. Typically, employment growth is seen as new organizations are formed and existing ones expand, requiring more managers and top-level executives.
A vice president is a diversified job, often responsible for multiple departments within an organization. They often work in an office and complete mainly desk work, but can talk with a Director of Marketing in the morning and Director of Sales in the afternoon.
Vice presidents are full-time, exempt employees, meaning they're not subject to federal regulations regarding overtime. While some vice presidents can maintain a 40-hour work week, most work between 50 and 60 hours per week, including evenings and weekends when required.