Either Senior VP or Executive is an ideal job position or career for anyone. It is just a matter of personal choice which career to pursue. Both career paths are lucrative and satisfying, but they are also very different.
Let’s have a broad idea about their differences.
Introduction about Senior VP or Executive VP Career
Senior Vice President or Executive Vice President falls in the upper management level in most industries. This is an executive role that requires executive skills, excellent leadership qualities, and experience. The Senior VP or EVP works at the highest level of the organization with the help of VPs, Directors, and Managers.
Senior Vice President Jobs
The Senior VP or Executive VP is the top management position in the organization. The person under this job title can give directions to other employees, represent the company at different business meetings, etc. The Senior VP or EVP acts as a bridge between the upper-level executives and employees.
This executive role is an excellent opportunity for the one who has good leadership qualities. He/she needs to have experience in either Marketing, Finance, Operations, or Business Development. A Senior VP or EVP will have to manage a team of professionals that includes the CFO, COO, CMO, etc. He/she also guides the team members on different aspects of business operations.
Executive Vice President Jobs
The Executive Vice President is the highest level of management in an organization. He/she works directly under the Chief Executive Officer (CEO). The Executive Vice President oversees all the departments in the company. He/she is responsible for making decisions related to business operations.
How Much is the Senior VP Salary?
The Senior VP or Executive Vice President is a managerial position in most industries. The salary of a Senior VP or EVP depends on the size and budget of the company. The average salary of a Senior VP or EVP is between $100,000 and $200,000.
How Much is the Executive Vice President Salary?
The Executive Vice President is the highest-ranking executive in an organization. The average salary of the Executive Vice President depends on the size and budget of the company. The average salary of an Executive Vice President is between $130,000 and $250,000.
In this article, we have tried to compare the Senior VP or EVP and Executive Vice President career paths. As I have discussed above, the Senior VP or EVP and the Executive Vice President are two different roles, each requiring a different set of skills. These two roles are very different from each other.
The Senior VP or EVP is a managerial position in most industries whereas an Executive Vice President is an executive-level position in any organization.
Both careers are rewarding. If you want to be a part of management in an organization, then a Senior VP or EVP career path can be a good option for you. But if you want to move forward in your career and get to senior management level in any industry, then the Executive Vice President career path can be the best choice.