Executive Vp vs Senior Vp, do you know the difference between the two positions? Maybe, from the title itself, but let’s go through it in detail.
Introduction about Executive Vp Vs Senior Vp
Executive Vice President (EVP) and Senior Vice President (SVP) are two different titles in the company. Both titles come under the category of vice president and both positions work very closely with the CEO and executive board.
It is common to confuse the difference between Executive Vp Vs Senior Vp. But they are in different positions and have different responsibilities.
If you want to know more about Executive Vp vs Senior Vp, read on.
What Does an Executive VP Do?
Executive Vice President (EVP) is a member of the executive board or executive team. The main role of an EVP is to lead a group, department, division, or any other work area to accomplish the company’s goals and objectives. The EVP should be able to handle all types of tasks smoothly.
Some of the tasks that must be handled by an EVP are:
- Planning and forecasting future needs of the company
- Making sure that all policies and procedures are followed in a correct manner
- Making sure that all departments follow the company’s mission statement and vision statement
What Does a Senior VP Do?
Senior Vice President (SVP) has a wider variety of duties compared to an EVP. The main difference between EVP and SVP is that an EVP works for the entire company. While SVP works for a specific department or division within the company.
A VP works in a broad category while an SVP works in a narrow category. An SVP focuses on achieving specific targets in his/her division or department only. While a VP looks after many departments or divisions at once.
Some of the tasks that must be handled by an SVP are:
- Ensuring that all tasks are done most effectively, within the budget, and on time
- Handling employees’ issues with care
- Ensuring that all employees are motivated to do their best
- Taking care of any crisis that may arise
- Meeting with clients or customers face-to-face or through teleconferencing
- Paying close attention to the company’s profit and loss statements
Conclusion about Executive Vp Vs Senior Vp
Executive Vice President (EVP) and Senior Vice President (SVP) are two different positions. They are both members of the executive team or board. Many differences can be found between an EVP and an SVP.
The biggest difference is that an EVP works for the entire company. While an SVP works for a specific department or division within the company.
You can now easily differentiate between Executive Vice President vs Senior Vice President, right? We hope this article will help you. Especially knowing more about executive positions, such as EVP and SVP.
So, you can now proceed with deciding what job title you want to achieve in your company.