What Does A Vice President Do?
Vice Presidents typically work for corporations across industries, but they can also work for financial or educational institutions. They work closely with other upper management personnel to make important decisions and oversee business operations. Their job is to identify areas for improvement within their organization and motivate lower-level staff to meet their department goals. They may also be responsible for maintaining relationships with Business Partners and traveling on behalf of upper management to oversee business deals.
Vice President Skills and Qualifications
To become Vice President of a company, this person has to have a variety of skills and qualifications that were accumulated over the years. A Vice President is a senior position in a company and there should be solid skills in a resume.
The following are some of the skills a vice president can have:
- Leadership skills to lead departments and employees to follow-through the plan and goals set forwards.
- Interpersonal skills to guide employers and work with the president and CEO.
- Time management to organize tasks and finish them on time.
- Decision-making skills that higher-ups have to do in a business such as cutting costs and expanding company business.
- Written and verbal communication to get point across to a variety of people in the business and clients.
- Analytical thinking to arrive at conclusions after analyzing data and information.
Vice President Salary Expectations
As a Vice President, the average salary expectation is $154,471 per year, with an average cash bonus of $20,000 a year and profit-sharing of $25,000 a year.
Vice President Education and Training Requirements
As a Vice President, the minimum education requirements include a bachelor in business administration or similar field. Employers prefer a master’s degree in business administration as this degree teaches hands-on administration skills needed to run a business.
Those who become certified in the field the firm works in have another advantage. If, for instance, the firm works in the sales field and the Vice President has a certification in sales, it really shows the knowledge gained in sales and the importance on advancing the firm in that area.
Vice President Experience Requirements
As a Vice President of a company or firm, there have to be years of experience gained in order to have a high position. There should be about five years as a minimum to ten years in a managerial or supervisory role to gain the necessary experience to lead a company.
Job Description Samples for Similar Positions
If you are not quite looking to hire a Vice President just yet, take a look at the job description samples for the following similar positions. These are also higher level jobs that might be of interest: