Salaries and wages information of an individual working in a particular organization depends on his or her qualifications, experience, and the level of seniority that he or she holds in the organization. Therefore, one needs to be able to identify the benefits that an individual should expect from the employer when he or she undertakes a new job and this can be done by comparing the salaries and wages data of experienced employees with those of the newly hired employee. This article intends to compare salaries and wages in different organizations of the same size. Sometimes, it depends on the performance history of the vice presidents. In the United States, the range of salary varies from one location to another. Let us know more detail about ‘Salaries For Associate Vice President’.
What are the salary ranges of associate vice president?
In the United States, there are different ranges of the associate vice president’s salary. The salary and wage rates for executive officers and other senior managers are determined by individual firms or corporations in the country depending on the performance of their business operations. However, there are some variations in different countries depending on the position and responsibility of organizations.
The salaries of Associate Vice Presidents in the US range from $60,000 to $242,294. While the median salary is $175,110. The middle 60% of Associate Vice Presidents make $138,757, with the top 80% making $242,294.
Salary of associate vice presidents in different areas of the US: Salaries For Associate Vice President
In Las Vegas
In Las Vegas, the average salary of associate vice presidents is around $59,700 to $241,602. It is 10% lower than the average salaries in other areas of the United States.
In Tampa, FL
In Tampa, FL, The salaries of associate vice presidents lie between $55,020 to $222,184, and the median salary is about $160,576.
In Washington, DC
In Washington, DC the salaries of the associate vice presidents lie in the range of between $68,600 to $187,200. While the median salary is about $175,110.
In Newark, NJ
In Newark, NJ the salaries of the associate vice presidents are lies in between the range of $60,000 to $138,000, while the median salary in Newark is $107,000.
In New Orleans, NA
In New Orleans, NA the salaries of the associate vice president range from $57,300 to $231,900. While the median salary range is about $138,757 for the vice presidents.
In Kansas City, MO
In Kansas City, MO the salaries of the associate vice presidents are lies in between the range of $56,820 to $229,452. while the median salary is about 165,829. it is 5% lower than other areas of the United States.
In Atlanta, GA
In Atlanta, GA the salaries of the associate vice president are lies in between the range of $68,600 to $187,200. while the median salary in this range is $175,110. it is 5% higher than the lower ones.
Types of salaries
It is identified that the salaries and wages of the CEO and other senior management positions in the company using average salary rates. There are also various types of salaries and wages, including cash incentives, non-cash incentives, and commission payments (American Express Companies, n.d.).
Salary depends on different factors
The most important ones are the type of job, the size of the job, the location of the job, the skills required for the job, and any other related benefits and privileges required for the successful completion of this particular job. These categories help identify employees who can provide maximum value and productivity for this particular job. Overall, a total amount of $ 1,906,000 is suggested as the highest pay for an MBA degree holder while candidates with bachelor’s degrees earn approximately $ 1,079,944 annually. Both these salaries and wages are based on the qualifications and experience of the applicants.
The tax paid by the associate vice president
In 2018 the average federal tax rate was 24% for all individuals. According to the reports 24% tax rate has been taken out for all individuals. In the United States, the associate vice presidents are required to pay a home pay of $116,368/per year.
Associate vice presidents’ salary records
In Chicago, IL
In Chicago, 8 months ago this year an associate vice president made $250,000 per year according to the reports.
In Dallas, TX
In Dallas, a year ago last year an associate vice president made $155,000 per year according to the sources.
In Boston, MA
In Boston, a year ago last year an associate vice president made $135,000 per year according to the rates.
In Hillsboro, MA
2 years ago, a female associate vice president made $112,000 per year in Hillsboro with employees of 501-1000 in the education industry at a company.
Conclusion
The above discussion shows that although this compensation structure seems like a decent way of earning, it does not provide adequate rewards for performance. Thus, the entire system of the organization underlines the level of autonomy of the entire enterprise (American Express Company). It means that this entity has a broad range of functions and decisions can, for example, be made without consulting the head of the human resource department because they come only from the leader himself or her. Moreover, this approach shows that the executive officer can have more flexibility than the ordinary employee in carrying out duties because these are carried through his or her abilities.
Frequently asked questions
- Q)Does the salary of the associate vice president depend on the performance of the person?
Yes, of course, the salary depends upon the performance of the office of vice president.
- Q)What is the lower rate of salaries for associate vice presidents in the United States?
The lowest rate of the salary of associate vice presidents in the United States is $80,120 per year.
- Q)What is the highest rate of salaries for associate vice presidents in the United States?
The highest rate of the salary of associate vice presidents in the United States is $210,919 per year.
- Q)What is the average rate of salaries for associate vice presidents in the United States?
The average rate of salary for associate vice presidents in the United States is $130,920 per year.
