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  #41  
Old 09-18-2018, 12:20 PM
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Originally Posted by Maphisto's Sidekick View Post
I think it depends on what "VP" means at that company.

If VP is reserved for semi-senior management, 250k+30% is a little low.

If you turn over a rock and find a couple of VP's lurking there...then 250k+30% may be rather high.

Look at job function or relative position on the org chart, not job title, to assess appropriateness of the compensation.
Semi-senior? It’s definitely senior management. You run a LOB
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  #42  
Old 09-18-2018, 12:28 PM
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Originally Posted by CowboyGuy View Post
Seems like the thread has diverted towards discussion on target.

What do you guys think about the base pay number? Do you think 250k for actuarial VPs is too high in a low COL area? I've heard more like 150-160k but it may simply be a low data points issue.
150K seems extremely low for a VP in any part of the country.

Depending on what the VP role really is I would lean towards 200K-300K base as reasonable.
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  #43  
Old 09-18-2018, 12:34 PM
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Originally Posted by hjacjswo View Post
how many years of experience do you have? thats probably a factor as well
Yeah. The questions being asked here are inconsequential due to so many factors that contribute to the determination of one's salary (at VP level especially).

There could be a very experienced VP who has much more experience than a young VP who was able to climb the corporate ladder very quickly. The salary difference in this case can be significant.
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  #44  
Old 09-18-2018, 12:54 PM
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Yeah insurance VPs could be half a milly.

Not that I know...
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  #45  
Old 09-18-2018, 01:25 PM
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Yeah insurance VPs could be half a milly.

Not that I know...
So if VP makes half a mill then how much would SVP/EVP make? chiefs r pretty much like either SVP/EVP?
half a mill seems high even for chief.

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  #46  
Old 09-18-2018, 02:07 PM
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So if VP makes half a mill then how much would SVP/EVP make? chiefs r pretty much like either SVP/EVP?
half a mill seems high even for chief.
SVP/EVP isn't a level at a ton of companies.
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  #47  
Old 09-18-2018, 02:09 PM
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Originally Posted by ronaldy27 View Post
Yeah. The questions being asked here are inconsequential due to so many factors that contribute to the determination of one's salary (at VP level especially).

There could be a very experienced VP who has much more experience than a young VP who was able to climb the corporate ladder very quickly. The salary difference in this case can be significant.
Well, based on the context of the OP making this thread and not knowing, we're all talking about a first-time VP.
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  #48  
Old 09-18-2018, 02:21 PM
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Originally Posted by ronaldy27 View Post
Others within the same company. In my company, we have EVP's, SVP's and of course C-suites making high six figures and millions. VP's making over 200k. I know one guy who I think is like 31 years old and he's making 200k.

I'm talking within insurance here.
P&C, life, health?
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  #49  
Old 09-18-2018, 02:21 PM
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SVP/EVP isn't a level at a ton of companies.
I would assume that's a smaller company; in that case, half a mill is rly high.
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  #50  
Old 09-18-2018, 02:29 PM
jas66Kent jas66Kent is offline
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Some of the numbers some of you are throwing around are really out there.

$500K would be c-suite only really.
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