VP of Sales Salary

When considering a job as a Vice President of Sales in Australia, it's essential to weigh the pros and cons of working in a large city versus a non-metro location. While a large city may offer higher salaries and more opportunities for career progression, it also comes with higher living expenses, longer commutes, and extended work hours.

On the other hand, a non-metro location may provide lower salaries and fewer job opportunities, but also offers more affordable living expenses, shorter commute times, and other advantages. As a result, it's crucial to define the most important aspects of the job and the overall lifestyle you can expect based on the location.

In terms of compensation packages, investment banks in Australia typically offer higher salaries for their employees. According to Arkesden Partners' newly released salary and bonus survey, Morgan Stanley is one of the best payers at VP level, particularly for VP two and above. JPMorgan also pays considerably higher salaries at VP level in London, with a flat base salary of £165k ($229k) for three years.

Bank of America has followed suit, increasing its base salaries to a flat rate for all three years of being a vice president. The bank's senior associates are now up to £135K salaries, up from £120k last year. This move is likely in response to the unprecedentedly high deal volumes and the need to keep juniors happy.

When considering a job as a Vice President of Sales in Australia, it's essential to research the compensation packages offered by different companies and banks. By understanding what you can expect in terms of salary and lifestyle, you can make an informed decision about which location is best for you.

Tables for total VP compensation (salaries plus bonuses) and for salaries alone are shown below:

Vp of sales salary