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The vice president of marketing is responsible for overseeing and planning strategy for a company’s marketing department. Here’s what to know about a vice president of marketing’s salary, needed skills and how to become one.
The vice president of marketing is often the head of an organization’s marketing department (though, depending on the company, they may report to a chief marketing officer). This role strategizes goals and implements processes and campaigns for the marketing team.
Vice presidents of marketing lead a company’s marketing team. They are responsible for setting brand standards and strategy, planning and maintaining the marketing budget as well as setting goals for their team.
Vice presidents of marketing lead a company’s marketing department and typically have direct reports, such as marketing directors and managers, working under them. This role may report directly to the CMO or CEO, depending on the structure of the company.
The vice president of marketing is vital to the success of a company’s marketing efforts and revenue. This role is responsible for creating strategies that align with the financial needs of the business and using marketing to drive lead creation and revenue.
Most vice presidents of marketing hold at least a bachelor’s degree in marketing or a related field. Those aspiring to this role may also benefit from earning a master’s degree in business or marketing. Vice presidents of marketing typically have 10 or more years of experience working in the field and at least 3 to 5 years working in a managerial role.
Vice presidents of marketing may begin their career as a marketing intern or marketing associate and work their way through various roles throughout their career. Commonly held titles before vice president of marketing include marketing manager, brand manager or marketing director. Marketing VPs may go on to become chief marketing officers.
The job market for marketing managers, a related field, is expected to grow 10 percent by 2031.
The full compensation package for a vice president of marketing depends on a variety of factors, including but not limited to the candidate’s experience and geographic location. See below for detailed information on the average vice president of marketing’s salary.
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