Job Description of the Vice President of a Business
Vice presidents of businesses are considered to be top executives by the Bureau of Labor Statistics (BLS) website. Top executives, including vice presidents, help ensure that a business meets all of its objectives and goals.
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Function
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Each business has its own specific requirements of a vice president based on the business industry and size. Most vice presidents must work in collaboration with a chief executive officer to ensure that the business is staying in line with its set goals and maintaining its business policies, according to the BLS. Vice presidents may also oversee company budgets, records or investments, depending on each business' needs.
Features
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Business vice presidents typically hold a college degree focusing in business administration or a specific discipline that matches a company's needs, notes the BLS. As businesses often prefer to employ vice presidents who display excellent communication skills, analytical minds, strong personalities, and the ability to handle many tasks at the same time, many jobs are filled from within the business with employees who display the desired characteristics.
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Considerations
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Business vice president careers are varied. Each company has its own needs and requirements for its top executives, resulting in a wide range of responsibilities and pay. The BLS website notes that while some executives make over $1 million annually, many make significantly less, with top executives, such as vice presidents, making an average annual salary of $167,280 as of May, 2009.
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References
- Photo Credit businessman image by Christopher Hall from Fotolia.com
