What is the average Vice President salary for Somerset, NJ?
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As of March 26, 2024, the average Vice President salary in Somerset, NJ is $276,377. The chart below represents localized salaries for some of our most popular Vice President job titles in Somerset, NJ. Salaries can vary greatly depending on numerous factors, including position, location, years of experience, and level of education. Salary.com’s team of Certified Compensation Professionals analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to compile a range of salaries for various Vice President job titles in Somerset, NJ. Apply your personal criteria to one of the job titles below to get your personalized salary estimate.
Vice President Salaries in Somerset, NJ
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Vice President of Sales | $271,572 | $130.56 | Somerset, NJ | March 26, 2024 |
| Vice President of Auditing | $266,272 | $128.02 | Somerset, NJ | March 26, 2024 |
| Vice President of Risk Management | $251,899 | $121.11 | Somerset, NJ | March 26, 2024 |
| Vice President of Innovation | $290,478 | $139.65 | Somerset, NJ | March 26, 2024 |
| Senior Vice President of Business Development | $320,203 | $153.94 | Somerset, NJ | March 26, 2024 |
| Vice President of Accounting | $271,377 | $130.47 | Somerset, NJ | March 26, 2024 |
| Senior Vice President of Sales | $326,912 | $157.17 | Somerset, NJ | March 26, 2024 |
| Vice President of Business Development | $284,244 | $136.66 | Somerset, NJ | March 26, 2024 |
| College Vice President | $260,622 | $125.30 | Somerset, NJ | March 26, 2024 |
| Vice President of Lending | $201,897 | $97.07 | Somerset, NJ | March 26, 2024 |
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Directs and develops sales strategy, operational plans, tactics, and processes that will drive revenue growth and accomplish financial objectives. Establishes and implements processes, tools, and structures to support the sales organization's operations. Oversees goal setting to develop targets for departmental levels of the sales organization and uses data and technology to measure and monitor sales processes, identify issues, and enhance performance. Creates and implements capabilities to analyze the business environment, identify and understand competitors, and retain and expand the customer base. Uses market and customer insights to collaborate with internal stakeholders to identify and suggest new products. Builds effective sales and support teams with recruiting, mentoring, and development programs. May personally participate in or negotiate strategic or high-value sales. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. Vice President of Sales Salaries in Somerset, NJ
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Develops, leads, and executes a comprehensive enterprise-wide internal auditing strategy, function, and practice adhering to auditing standards and regulatory requirements. Establishes the auditing governance framework and procedures to attain long-term auditing objectives. Directs the creation of annual audit plans. Engages with other functions across the enterprise, like risk, finance, information technology, and security, to facilitate audits. Delivers audit reports to leadership and recommends enhanced controls or processes as needed. Sets goals for the auditing team and builds expertise with coaching and developmental initiatives. Requires a bachelor's degree. Requires a Certified Public Accountant (CPA). May require Certified Internal Auditor (CIA). Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. Vice President of Auditing Salaries in Somerset, NJCategory : Accounting
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Oversees the planning and analysis of an organization's risk management function. Responsible for the efficient execution of strategies, controls, and measures to monitor and mitigate the risk exposure of assets. Monitors the effectiveness of procedures to identify points of improvement. Reviews financial models to understand the risk exposure of an organization's assets. Develops training and educational materials to identify and mitigate risks. Promotes organization-wide understanding of risks and risk management strategies. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. Vice President of Risk Management Salaries in Somerset, NJ
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Develops the vision, strategy, and thinking methodologies used to innovate new products and services, introduce novel or disruptive ideas, improve existing processes, and create a culture of innovation within the company. Articulates an innovation strategy and defines objectives and measures aligned with overall company goals that add value to stakeholders. Champions innovation projects and oversees resources and budgets. Seeks out new opportunities with partners or alliances that support innovation efforts. Collaborates with internal teams and promotes a culture of innovation that encourages and supports experimentation and rewards new ideas and ways of thinking. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. Vice President of Innovation Salaries in Somerset, NJ
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Develops and leads the business development vision, strategy, plans, and processes that will drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Researches and analyzes the business environment, competitors, and customers to develop ideas for new products and services, pricing, and business models. Directs financial feasibility studies, development of proposals, and negotiations for new business opportunities. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. Manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. Senior Vice President of Business Development Salaries in Somerset, NJ
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Provides technical and operational leadership across accounting functions. Develops and implements accounting policies and procedures that adhere to governmental financial and tax regulations and comply with GAAP and IFRS standards. Operationalizes accounting systems and processes to deliver continuous improvements. Ensures accurate and timely monthly, quarterly, and annual accounting close processes and reporting. Establishes internal auditing processes and coordinates external audits. Uses in-depth knowledge and understanding of accounting principles and best practices to develop accounting professionals. May require a master's degree in accounting or finance. May require Certified Public Accountant (CPA). Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. Vice President of Accounting Salaries in Somerset, NJAlternate Job Titles:Chief Accounting Officer, Head of Accounting, Principal Accounting Officer, Vice President of Accounting
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Provides leadership to the sales organization and develops the overall sales strategy, operational plans and processes that drive revenue growth and accomplish financial objectives. Establishes and implements processes, tools, and structures to support the sales organization's operations. Oversees goal-setting processes for all levels of the sales organization and uses data and technology to measure and monitor sales processes, identify issues, and enhance performance. Creates capabilities to effectively analyze the business environment, identify and understand competitors, and retain and expand the customer base. Collaborates with internal stakeholders to identify market needs and innovate new products. Builds effective sales and support teams with recruiting, mentoring, and development programs. May personally participate in or negotiate strategic or high-value sales. Requires a bachelor's degree. Typically reports to top management. Manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. Senior Vice President of Sales Salaries in Somerset, NJAlternate Job Titles:Chief Sales Executive, Chief Sales Officer, Global Sales Executive, Vice President of Sales, Senior Vice President of Sales
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Directs the development and execution of the business development vision, strategy, plans, and processes that will drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Develops a wide network of contacts to keep informed about current and future industry and market actions. Researches and analyzes the business environment, competitors, and customers to develop ideas for new products and services, pricing, and business models. Directs financial feasibility studies, proposal development, and negotiations for new business opportunities. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. Vice President of Business Development Salaries in Somerset, NJAlternate Job Titles:Chief Division Business Development Executive, Chief Division Business Development Officer, Chief Divisional Business Development Executive, Head, Divisional Business Development, Strategic Business Development Division Executive, Vice President of Business Development
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Assists the College President in overseeing a single campus or institution. Works closely with academic deans to plan, implement, and coordinate the educational programs of the college. Requires an advanced degree. Typically reports to college president. Manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. College Vice President Salaries in Somerset, NJAlternate Job Titles:Vice Chancellor, College Vice PresidentCategory : Education
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Oversees the lending function in a financial institution or other organization. Oversees the research, development, communication, and implementation of lending policies. Manages the implementation of the organization's lending strategy, aligning organizational goals with departmental operations. Establishes relationships with stakeholders including regulators, examiners, and other external partners. Ensures organizational goals and budget levels are met, and that staff are trained, informed, and utilized well, and that all state and federal regulations are followed. Requires a bachelor's degree. Typically reports to senior management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. Vice President of Lending Salaries in Somerset, NJ