Salary of an Advertising Vice President
Advertising vice presidents are top executives in the advertising field and are paid accordingly. According to the Bureau of Labor Statistics, there were a total of 273,500 chief executives employed across a variety of different industries throughout the United States in 2010. The bureau also indicates that advertising vice presidents were included within this group of chief executives. Salaries for these executives generally exceed the six-figure mark.
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Pay Scale
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The average salary for advertising vice presidents and other top executives was $173,350 per year as of May 2010, according to the Bureau of Labor Statistics. The bureau indicates that the median salary for those working in this field was $165,080, while those who were in the lower 25 percent of the pay scale made salaries that ranged from $107,990 and lower. At the bottom of the pay scale were those who made salaries of $75,160 or less per year.
States
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According to the Bureau of Labor Statistics, salaries for vice presidents in advertising and other top executives tends to vary by the state in which they work. For example, the BLS indicates that the highest-paid executives were employed in the state of Delaware, earning an average salary of $219,230 per year. However, a larger number of top executives worked in California, earning an average salary of $198,710 in 2010. Those who were employed in New York brought home $191,180 annually.
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Cities
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Advertising vice president salaries can also vary by metropolitan area. The BLS reports that the largest number of top executives worked in Chicago, earning an average salary of $173,690 in 2010. The top-paying metropolitan area for top executives, however, was the Bridgeport, Connecticut area, where top executives made an average salary of $228,890. Executives in New York City earned $221,310 per year, on average, while those in San Jose, California, brought home an average of $220,020.
Job Outlook
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The number of jobs for top executives is expected to experience little to no change in terms of new jobs from 2008 to 2018, according to the Bureau of Labor Statistics. Much of this will be due to the fact that job growth is tied to industry growth and many different industries will experience negative job growth in addition to those that will experience positive job growth. The bureau also notes that job growth will be largely reflective of the particular industry in which the executive works. Job growth for advertising, marketing and promotions managers should occur at a rate of about 13 percent, according to BLS projections.
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