Salary and Compensation Package Market Research

Part
01
of two
Part
01

Salary and Compensation Package Market Research- Columbus OH

The average annual total cash compensation (salary and bonuses/incentives) for a vice president of engineering in Columbus, Ohio lies between $149,139 and $286,983. The average salary is between $113,783 and $230,673 per annum, while the annual average bonuses/incentives are about $16,211 and $26,333.

AVERAGE ANNUAL TOTAL CASH COMPENSATION

  • The average compensation per annual found across multiple salary statistics aggregators' databases range between $149,139 and $286,983. According to our estimation, the average total annual compensation for vice president of engineering in Columbus, OH is $214,959.5.
  • According to PayScale, the average annual compensation for a vice president of engineering in Columbus, Ohio is $175,347.
  • According to salary and compensation surveys conducted by the Economic Research Institute (ERI), the average compensation for a vice president of engineering in Columbus, Ohio is $248,369.
  • According to Glassdoor’s estimation, the average annual compensation for a vice president of engineering in Columbus, Ohio is $149,139.
  • Data from salary.com reveals that the average total cash compensation including base, and annual incentives for a vice president of engineering in Columbus, Ohio is $286,983 per annual.
  • Data from PayScale shows that the total annual compensation for a vice president of engineering ranges from $140,000 to $207,000.
  • The total annual compensation, according to salary.com, ranges from $236,363 to $375,523.

AVERAGE ANNUAL SALARY

  • The average salary per annum found across multiple salary statistics aggregators' databases range between $113,783 and $230,673. According to our estimation, the average annual salary for a vice president of engineering is approximately $170,884.
  • According to PayScale, the average annual salary for vice president (VP) of engineering in Columbus, Ohio is $155,000. The salaries range from $122,000 to $180,000.
  • Findings from the Economic Research Institute (ERI) reveals that the average annual salary for Vice President of Engineering in Columbus, Ohio is $222,036. The hourly salary for a vice president of engineering is $107/hr.
  • Data from Glassdoor reveals that the average annual salary for a vice president of engineering is $132,928.
  • According to salary.com, the salary for vice president of engineering in Columbus, Ohio ranges from $200,393 to $275,053, this equates to an average of $230,673.
  • Data from Indeed shows that the salaries for vice presidents of engineering range between $54,000 and $194,000. The annual average is $113,783.
  • The annual salary for a vice president of engineering is projected to reach $257,401 by 2024, experiencing a 16% growth.

AVERAGE ANNUAL BONUS AND INCENTIVES

  • The average bonus/incentives per annum found across multiple salary statistics aggregators' databases range between $16,211 and $26,333. From our estimation, the average annual salary for a vice president of engineering is about $20,964.
  • Findings from PayScale reveals that the average annual bonus for a vice president of engineering is $20,347.
  • The bonus for a VP of engineering ranges from $13,000 to $31,000.
  • Data from the Economic Research Institute (ERI) shows that the average annual bonus for a vice president of engineering in Columbus, Ohio is $26,333.
  • According to Glassdoor, the average annual bonus for a vice president of engineering is $16,211.

NUMBER OF JOBS

  • As revealed by the Economic Research Institute (ERI), there are an estimated 2,415 vice president of engineering jobs in Columbus, Ohio.

CASE STUDY (JP MORGAN)

  • According to Glassdoor, the annual salary for a vice president of engineering at JP Morgan, Columbus, Ohio ranges from $126,000 to $137,000.
  • Data from Indeed shows that the average annual salary for vice president of Engineering at JP Morgan, Columbus, Ohio is $108,983.

RESEARCH STRATEGY

To provide the requested information regarding the average compensation package (salary and bonus/incentives) for a vice president (VP) of engineering in Columbus, OH, your research team scoured through multiple salary statistics aggregators' databases like Indeed, Salary.com, PayScale, LinkedIn Salary, Glassdoor, SalaryList, and Salary Expert as well as The Bureau of Labor and Statistics, the Economic Research Institute (ERI), and Salary Guide 2020. While the sources above provided information regarding the compensation for vice president of engineering in Columbus, Ohio, the values quoted by these sources differed from each other. We leveraged this data (average compensation) by the various sources consulted to estimate the industry average as outlined below. However, we have presented the average value in a range because of the details it conveys.

AVERAGE COMPENSATION ESTIMATON
Average Compensation = Total sum of average compensation considered/number of average compensations being considered.
Average Compensation = $175,347 + $248,369 + $149,139 + $286,983 / 4 = $859,838/4 = $214,959.5

AVERAGE SALARY ESTIMATION
Average Salary = Total sum of average salary considered / number of average salaries being considered.
Average Salary = $155,000 + $222,036 + $132,928 + $230,673 + $113,783 / 5 = 854,420 / 5 = $170,884

AVERAGE BONUS/INCENTIVE ESTIMATON
Average Salary = Total sum of average bonus considered/number of average bonuses being considered.
$20,347 + $26,333 + $16,211 / 3 = 62,891 / 3 = $20,964

Your research team also understudied some companies in Columbus, Ohio with a view of finding the annual compensation and the breakdown of same of their vice presidents of engineering. While we were able to find information regarding some like JP Morgan, information regarding the breakdown of the compensation could not be found in the public domain after a wide-reaching search of companies' databases, and media sources.

It is worthy to note that most of the sources (ERI and Glassdoor) consulted estimated their average compensation, salary and bonus/incentives using data collected directly from employers and anonymous employees in Columbus, Ohio. We have provided screenshots of most of the sources consulted and compiled same in a Google document due to the nature of the sources (sometimes, the links are redirected to their homepages).
Part
02
of two
Part
02

Salary and Compensation Package Market Research- Denver/Boulder CO

The average salary for a VP of Engineering in the Denver/Boulder, CO area ranges between $209,053 and $286,933 per year. The level of compensation is determined by a number of factors including one's level of education and professional experience. Below is an overview of the average salary and compensation package for a VP of Engineering in the Denver/Boulder, CO area.

Key Findings

  • According to Salary.com, average Vice President of Engineering salary in Boulder, CO as of August 27, 2019, was $240,643.
  • However, the salary ranges between $209,053 and $286,933 per year. Salary ranges depend on factors like education, certifications, additional skills, the level of experience in your profession.
  • The average annual compensation for a VP of Engineering in the Boulder, CO area is $299,383. This figure includes both base and annual incentives.
  • According to Glassdoor, average salary for a VP Engineering in Denver, CO is $188,886.
  • The average annual cash compensation is $70,117 and mainly ranges between $64,323 and $107,206.



Sources
Sources

From Part 02
Quotes
  • "he average Vice President of Engineering salary in Boulder, CO is $240,643 as of August 27, 2019, but the range typically falls between $209,053 and $286,933. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. "