{"id":50608,"date":"2022-01-25T15:02:00","date_gmt":"2022-01-25T20:02:00","guid":{"rendered":"https:\/\/www.peaksalesrecruiting.com?p=50608"},"modified":"2025-08-12T14:04:56","modified_gmt":"2025-08-12T18:04:56","slug":"vp-sales-salaries-by-industry-in-2022-2","status":"publish","type":"post","link":"https:\/\/www.peaksalesrecruiting.com\/blog\/vp-sales-salaries-by-industry-in-2022-2\/","title":{"rendered":"VP Sales Salaries by Industry in 2022"},"content":{"rendered":"\n<p>The vice president of sales is a key player in any organization \u2014 although in some industries you\u2019ll find more than one per company. Charged with meeting the revenue goals, hiring, organizing and overseeing the sales force, the required skill set is both extensive and unusual. Sales VPs typically come up through the ranks of sales, but most talented salespeople will not make effective VPs.&nbsp;<\/p>\n\n\n\n<p>Great salespeople are hunters. Great VPs are hunters who\u2019ve learned how to organize and lead hunting parties.&nbsp;<\/p>\n\n\n\n<p>How much a VP\/Sales gets paid is influenced by factors that include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Track record<\/strong><\/li>\n\n\n\n<li><strong>Years of experience<\/strong><\/li>\n\n\n\n<li><strong>Size of employer<\/strong><\/li>\n\n\n\n<li><strong>Years of tenure at an employer<\/strong><\/li>\n\n\n\n<li><strong>Employer\u2019s industry<\/strong><\/li>\n\n\n\n<li><strong>Industry knowledge and connections<\/strong><\/li>\n\n\n\n<li><strong>Method of compensation<\/strong><\/li>\n\n\n\n<li><strong>Location<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Compensation Type<\/strong><\/h3>\n\n\n\n<p>This plays out in how VP\/Sales are paid. There\u2019s typically a substantial base salary garnished with varying amounts of bonus money depending on the company and the industry. For example, an \u201caverage\u201d VP\/Sales in the financial industry is not unique in their organization; there may be dozens of VP\/Sales in a large firm.&nbsp;<\/p>\n\n\n\n<p>For software companies or manufacturers, there may be just a few \u2014 or only one. As a result, total VP\/Sales compensation (<a href=\"https:\/\/www.talentlyft.com\/en\/resources\/what-is-on-target-earnings-ote\" target=\"_blank\" rel=\"noopener\">OTE, On-Target-Earnings<\/a>) in some industries is lower than you might expect.&nbsp;<\/p>\n\n\n\n<p>There are also many types of additional compensation. Startups or tech companies may offer a mix of bonus cash and stock for reaching or exceeding goals. Others may stick with straight commission sharing.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Location<\/strong><\/h3>\n\n\n\n<p>In addition to its industry, where a company is located and its geographic footprint are major determinants of total income for their VP\/Sales. A regional business in the Midwest is not going to pay what a global business pays. Large national\/multinational companies tend to pay in the same ranges as others in their industry because they are competing for the same talent.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Average Pay<\/strong><\/h3>\n\n\n\n<p>According to research from&nbsp;<a href=\"https:\/\/www.glassdoor.com\/\" target=\"_blank\" rel=\"noopener\">Glassdoor<\/a>, the average base pay for a VP\/Sales is $100,000 across all industries and all experience levels. When you factor in the size of the company and years of experience as a VP\/Sales, large differences in compensation emerge. For our analysis, we looked at average pay in four scenarios:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Low \u2014 less than one year experience at a small company with fewer than 50 employees total<\/strong><\/li>\n\n\n\n<li><strong>High \u2014 average salary for VP\/Sales with 15 years experience at large companies (1,000 or more employees)<\/strong><\/li>\n\n\n\n<li><strong>Highest \u2014 Highest average salaries for AEs with 15 years experience at large companies<\/strong><\/li>\n\n\n\n<li><strong>High total comp \u2014 Total compensation for highest earners when OTE was included<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Averages can be deceiving of course: There are VP\/Sales making less than $100,000 and some making ten times that amount when total compensation is included.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $100,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $66,000<\/strong><\/li>\n\n\n\n<li><strong>High: $268,000<\/strong><\/li>\n\n\n\n<li><strong>Total Comp: $288,000<\/strong><\/li>\n<\/ul>\n\n\n\n<p>There\u2019s significant variation between industries, too. In some, additional compensation is modest, keeping total comp down, while other industries have almost unlimited potential.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>BioTech &amp; Pharma<\/strong><\/h3>\n\n\n\n<p>The biotech and pharmaceutical world was rocked by the arrival of COVID-19 and the reverberations continue. While the direct impact was felt most acutely by the firms engaged in combating covid, the increased demand for healthcare supplies of all kinds affected many others. Rapid change will be a major factor going forward, as mass therapies (blockbuster drugs) give way to highly tailored individualized treatments. This will allow pharma sales executives to stay on top of a fast-moving marketplace:&nbsp;<\/p>\n\n\n\n<p>Bio-sensors, big data and IOT will accelerate the changes.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $190,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $82,000<\/strong><\/li>\n\n\n\n<li><strong>High: $221,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $365,000<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Business Services<\/strong><\/h3>\n\n\n\n<p>The covid pandemic poured fuel on an already hot marketplace as digitalization of business processes and new digital services were transforming the business landscape. With an annual growth rate north of 10%, the demand for more business services \u2014 especially digital tools \u2014 shows no sign of slowing. The spread between the lowest and highest earners reflects the growth and importance of digital services.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $142,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $64,000<\/strong><\/li>\n\n\n\n<li><strong>High: $296,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $547,000<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Consumer Services<\/strong><\/h3>\n\n\n\n<p>Some of the major drivers of consumer services were walloped by restrictions and anxieties around&nbsp;<a href=\"https:\/\/www.who.int\/health-topics\/coronavirus#tab=tab_1\" target=\"_blank\" rel=\"noopener\">coronavirus<\/a>: travel, hospitality and recreation all took huge hits. As the pandemic eases, money will likely surge back into these sectors, producing some good years until the pent-up demand is satisfied. The amount of services spending in the overall economy is reflected in relatively higher pay for VP\/Sales positions in the industry.&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $172,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $113,000<\/strong><\/li>\n\n\n\n<li><strong>High: $249,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $391,000<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Health<\/strong><\/h3>\n\n\n\n<p>An ageing population plus more available treatments and increasing diversity of delivery points should continue to foster a steady rise in health spending in the years ahead. Consolidation among traditional healthcare companies such as hospitals and medical practices is somewhat offset by the proliferation of \u201chealth adjacent\u201d settings offering&nbsp; services such as administration of cosmetic treatments and dietary\/lifestyle coaching.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $168,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $97,000<\/strong><\/li>\n\n\n\n<li><strong>High: $182,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $327,000<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Tech: Hardware &amp; Software<\/strong><\/h3>\n\n\n\n<p>It\u2019s not surprising that there\u2019s a lot of compensation available in computer hardware and software sales. From established \u201cblue chip\u201d leaders like&nbsp;<a href=\"https:\/\/www.hp.com\/ca-en\/home.html\" target=\"_blank\" rel=\"noopener\">HP<\/a>,&nbsp;<a href=\"https:\/\/www.dell.com\/\" target=\"_blank\" rel=\"noopener\">Dell<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/www.apple.com\/\" target=\"_blank\" rel=\"noopener\">Apple<\/a>&nbsp;to startups making the IoT happen, digitalization is well established and shows no sign of slowing. The application of&nbsp;<a href=\"https:\/\/research.ibm.com\/artificial-intelligence\" target=\"_blank\" rel=\"noopener\">AI<\/a>&nbsp;across the entire spectrum of our business and personal lives is already underway and will only accelerate in the years ahead, creating even more opportunities for sales leaders who can crush goals.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $188,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $102,000<\/strong><\/li>\n\n\n\n<li><strong>High: $222,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $548,000<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Tech: Services<\/strong><\/h3>\n\n\n\n<p>Cloud-based software has conditioned the market to renting rather than buying, which promises to further boost spending on tech services, which has been clipping along at a growth rate of about 11%. New modalities \u2014 SaaS, blockchain, AI \u2014 have appeared and are setting off another major wave of digitization. As with their compatriots in the hardware\/software sector, sales execs on the services side are paid very well. The numbers skew a bit lower, possibly because many companies in this sector are startups, which tend to pay a bit less but also offer big upsides through stock options.&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $194,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $88,000<\/strong><\/li>\n\n\n\n<li><strong>High: $359,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $516,000<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financial Services<\/strong><\/h3>\n\n\n\n<p>Looking at the profits of big financial institutions and the pay scales for VP\/Sales might raise the question of who\u2019s getting all that money. Part of the answer is that some players, especially banks, have multiple VP\/Sales, literally spreading the wealth among a larger number of executives. Financial services have been doing very well, but there are some questions about the future:&nbsp;<a href=\"https:\/\/www.ibm.com\/blockchain\/solutions?utm_content=SRCWW&amp;p1=Search&amp;p4=43700061991502206&amp;p5=e&amp;gclid=ffe16f2a3e1e1f386aae0ecd3d0db82d&amp;gclsrc=3p.ds\" target=\"_blank\" rel=\"noopener\">Blockchain technology&nbsp;<\/a>will be implemented throughout the industry, possibly reducing regulatory burdens and making more services more widely available. However, the counter trend is that cryptocurrencies may lead to significant assets moving out of traditional financial services companies.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $135,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $57,000<\/strong><\/li>\n\n\n\n<li><strong>High: $230,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $391,000<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Manufacturing<\/strong><\/h3>\n\n\n\n<p>Companies with \u201cdigital maturity,\u201d ones that have already adopted and implemented digital processes throughout their organizations, have done better over the past few years than their peers who are less mature. Labor shortages and supply chain issues continue to roil the industry, and over-reliance on low-inventory models has damaged companies who rely on a steady stream of shipments from their factories.&nbsp;<\/p>\n\n\n\n<p>Manufacturers who can bring production closer to home markets while maintaining margins stand the best chance of prospering. For VP\/Sales, a company\u2019s capacity to deliver will continue to be a key determinant of marketplace success.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $185,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $88,000<\/strong><\/li>\n\n\n\n<li><strong>High: $220,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $353,000<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Telecommunications<\/strong><\/h3>\n\n\n\n<p>Change is a constant in the telecom world and the coming decade will be no exception as 5G rolls out across the world. Intense competition is the norm and that won\u2019t lessen anytime soon as wire-based telecom solutions compete with fiber optic, cellular and even satellite providers. The global appetite for moving data is enormous and growing. The Iot alone promises to add trillions of bits to the packets moved by telecom providers, so the future is bright. For VP\/Sales in this arena, the fights will be long and hard, but the rewards could be massive.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Average: $185,000<\/strong><\/li>\n\n\n\n<li><strong>Low: $126,000<\/strong><\/li>\n\n\n\n<li><strong>High: $208,000<\/strong><\/li>\n\n\n\n<li><strong>Total comp: $351,000<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2025\/07\/Capture-deCC81cran-le-2022-01-18-aCC80-14.29.27-768x812.png?strip=all\" alt=\"Graph for Blog peaksalesexecutivesearch.com\"\/><\/figure>\n\n\n\n<p>Read more of our&nbsp;<a href=\"https:\/\/executivesearch.peaksalesrecruiting.com\/blog\/\">Insights<\/a>&nbsp;and get more tools to get your sales career to flourish.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The vice president of sales is a key player in any organization \u2014 although in some industries you\u2019ll find more than one per company. Charged with meeting the revenue goals, hiring, organizing and overseeing the sales force, the required skill set is both extensive and unusual. Sales VPs typically come up through the ranks of<\/p>\n<div><a class=\"text-primary mt-2\" href=\"https:\/\/www.peaksalesrecruiting.com\/blog\/vp-sales-salaries-by-industry-in-2022-2\/\">&#8230;continue reading <span class=\"sr-only\">&#8220;VP Sales Salaries by Industry in 2022&#8221;<\/span><\/a><\/div>\n","protected":false},"author":9,"featured_media":50609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"limit_modified_date":"","last_modified_date":"","cybocfi_hide_featured_image":"yes","footnotes":""},"categories":[13],"tags":[],"class_list":["post-50608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sales-compensation"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/posts\/50608"}],"collection":[{"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/comments?post=50608"}],"version-history":[{"count":0,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/posts\/50608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/media\/50609"}],"wp:attachment":[{"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/media?parent=50608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/categories?post=50608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/tags?post=50608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}