A vice president of operations is an experienced and educated leader who helps make important decisions, which ensure that the company’s operational procedures are sustainable and profitable, while also offering guidance to the managers under them. This role can involve making sure that departments satisfy customer service needs and produce goods that meet quality standards while not wasting supplies or causing delays in the supply chain. While stress, long hours and travel are often part of the job, being a vice president of operations can appeal to you, if want to have a significant impact on help in making a company’s decisions, and you can earn a very generous salary.
As the vice president of operations, you work under the company president to offer strategic vision to help the company become more profitable, produce high-quality goods or services and meet its production goals. This involves coordinating with managers across multiple departments, such as information technology and customer service, to ensure that these departments operate smoothly and are on track to meeting the company’s goals. Specific duties can include creating measures for improving business processes, monitoring and analyzing inventory, seeking cost-effective suppliers, finding the most efficient way to route products to buyers, overseeing departmental projects and reviewing the performance of other managers.
The decision-making responsibilities for a vice president of operations can lead to stress and also require you to be a good problem solver. Being able to multitask, direct others, negotiate and communicate clearly help you to be a more effective VP of operations.
Chief executives, including those who are a vice president of operations, earned a median annual wage of $183,270 in , reports the Bureau of Labor Statistics. Half of chief executives made less, while half earned more. The bottom 10 percent received under $68,110 a year, and the top 10 percent made more than $208,000 annually. The best-paid industry was pipeline transportation of natural gas, which offered chief executives $276,290 a year, on average. Those working in local government made a much lower average wage of $112,900.
While each company sets its own requirements to work as top management, you’ll generally need at least a bachelor’s degree in business administration, and a master’s degree is often preferred. As a vice president of operations, you’ll benefit from the broad business background in economics, marketing, finance, leadership and accounting that these programs provide. After earning your business degree, you can expect to work for several years and go through promotions to different leadership roles before having the background to work as a vice president of operationspanies specifically prefer significant experience in operations management for this role.
A vice president of operations can work in a company of any size and in any industry, including government, hospitality, manufacturing, healthcare, professional services, retail and education. Generally, this role involves working under a company’s president and collaborating with other top managers, to create and implement company policies. This demanding position usually requires working long hours and traveling for business, both of which may require you to be away for extended periods, and may necessitate childcare arrangements for any little ones under your care.