Explore the Executive VP jobs and duties in this section. But before that, let’s find out what Executive VP means in a company.
What Does Executive VP Mean?
An Executive VP is the supervisor of all other VPs Of the company. He/she is the third highest-ranking position in an organization after CEO and COO. This position can be filled by either an external candidate or an internal one. An external candidate is usually hired from other companies, whereas an internal candidate can be either promoted or selected from another department of the organization.
The Executive VP is responsible for putting together detailed business plans to ensure that the company’s activities are compatible with its objectives and strategies. He/she works very closely with the CEO and COO to make sure that the company’s objectives are met.
The Executive VP also supervises all other VPs of the company. He/she is also responsible for making sure that the organization’s activities are carried out promptly. This means that he/she should review the progress of all projects at least once a month. The Executive VP also has to approve all project proposals and related expenditures.
Executive VP Job Responsibility
1. Planning and supervising the overall functioning of the organization
2. Having overall responsibility for ensuring that all projects are carried out promptly
3. Making sure that both individual and organizational objectives are met
4. Coordinating with the CEO and COO about the company’s overall strategy and objectives
5. Making sure that the company’s resources are used in a cost-effective manner
6. Making sure that the company’s activities are carried out in a manner that is compatible with its objectives and strategies
7. Making sure that the company’s activities are carried out in a manner that is compatible with its competitors
8. Communicating the company’s objectives and strategies to all directors, managers, and employees
9. Communicating the company’s activities to the CEO and Board of Directors
10. Approving all project proposals and related expenditures
How Much Does an Executive VP Make?
As Executive VP, you can expect to earn a good salary, just like other senior-level employees. According to the Bureau of Labor Statistics, an Executive VP can earn anywhere from $100,000 to $199,999 per year. The average annual salary of an Executive VP is $113,827. But this figure varies depending on the industry and other factors. Such as:
1. The size of the company you are working in.
2. Your position in the company.
3. The size of the company you are working in.
4. Your years of experience in the same field.
To Conclude
If you are interested in becoming an Executive VP, you should be prepared to work very hard. You will have to work longer hours than other employees and travel quite a lot. But if you are dedicated to your career, the rewards will be well worth the effort. To apply for jobs of an Executive VP, you should visit job sites, where employers list all available jobs for this position.
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