Vice President of Innovation Salary in Chicago, Illinois

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Vice President of Innovation Salary in Chicago, IL

How much does a Vice President of Innovation make in Chicago, IL? The average Vice President of Innovation salary in Chicago, IL is $271,323 as of April 24, 2024, but the range typically falls between $234,300 and $317,565. 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. 

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Vice President of Innovation Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Vice President of Innovation Salary $200,592 Chicago,IL April 24, 2024
25th Percentile Vice President of Innovation Salary $234,300 Chicago,IL April 24, 2024
50th Percentile Vice President of Innovation Salary $271,323 Chicago,IL April 24, 2024
75th Percentile Vice President of Innovation Salary $317,565 Chicago,IL April 24, 2024
90th Percentile Vice President of Innovation Salary $359,665 Chicago,IL April 24, 2024
25% $234,300 10% $200,592 90% $359,665 75% $317,565 $271,323 50%(Median) Didn’t find job title? Click
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Check out Vice President of Innovation Job Openings in Chicago, Illinois

Vice President, Syndication Funding

Cinnaire - Chicago, IL

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Vice President, Strategic Partnerships & Programs

PMI (Project Management Institute) - Chicago, IL

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Software Development Team Lead (Vice President)

Motion Recruitment Partners, LLC - Chicago, IL

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Vice President for Mission Integration

University of St. Francis - Joliet, IL

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Job Description for Vice President of Innovation

Vice President of Innovation develops the vision, strategy, and thinking methodologies used to innovate new products and services, introduce novel or disruptive ideas, improve existing processes, and create a culture of innovation within the company. Articulates an innovation strategy and defines objectives and measures aligned with overall company goals that add value to stakeholders. Being a Vice President of Innovation champions innovation projects and oversees resources and budgets. Seeks out new opportunities with partners or alliances that support innovation efforts. Additionally, Vice President of Innovation collaborates with internal teams and promotes a culture of innovation that encourages and supports experimentation and rewards new ideas and ways of thinking. Requires a bachelor's degree. Typically reports to top management. The Vice President of Innovation manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Vice President of Innovation typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Vice President of Innovation information for you to search for. Click on search button below to see Vice President of Innovation job openings or enter a new job title here.

Job Openings for Vice President of Innovation in Chicago, IL
  • Cinnaire - Chicago, IL
    Job Summary. The Vice President, Syndication Funding raises equity capital and manages investor relationships for Cinnaire's Low Income Housing Tax Credit ...
    - 1 Day Ago
  • PMI (Project Management Institute) - Chicago, IL
    Vice President, Strategic Partnerships & Programs. United States * Virtual. Req #466. Monday, January 8, 2024. Want to help people learn the newest ways of...
    - 5 Days Ago
  • Motion Recruitment Partners, LLC - Chicago, IL
    Private Equity firm looking for a Vice President to lead their core services team. You will be doing fund to fund private equity and bringing in data from ...
    - 3 Days Ago
  • University of St. Francis - Joliet, IL
    Position Details. Position Information. Job Title. Vice President for Mission Integration. Position Number. 001200-00. Department. Mission Integration - Jo...
    - 2 Days Ago
  • Loyola University Chicago - Rogers Park, IL
    Position Details. Position Details. Job Title. ASSOCIATE VICE PRESIDENT. Position Number. 8101424. Job Category. University Staff. Job Type. Full-Time. FLS...
    - 1 Day Ago

Career Path for Vice President of Innovation

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Vice President of Innovation, the upper level is Senior Vice President of Innovation and then progresses to Chief Innovation Officer.

Vice President of Innovation
Senior Vice President of Innovation
Chief Innovation Officer
Those that have already made the climb...
Robert E. Wolfe, Chairman of the Board, CEO, and CFO
ADVANCED OXYGEN TECHNOLOGY
Advanced Oxygen Technologies, Inc., through its subsidiaries, owns and leases a commercial real estate property in Vojens, Denmark. It also engages in the distribution and sale of security straps and tie downs. The company was formerly known as Aquanautic Corporation. The company was incorporated in 1981 and is headqua... More
Fiscal Year Ended in 2023
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Vice President of Innovation Pay Difference by Location

Vice President of Innovation salary varies from city to city. Compared with national average salary of Vice President of Innovation, the highest Vice President of Innovation salary is in San Francisco, CA, where the Vice President of Innovation salary is 25.0% above. The lowest Vice President of Innovation salary is in Miami, FL, where the Vice President of Innovation salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Understand the total compensation opportunity for a Vice President of Innovation, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
234300
317565
271323

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
267015
409032
326207
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Vice President of Innovation in Chicago, IL. The base salary for Vice President of Innovation ranges from $234,300 to $317,565 with the average base salary of $271,323. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $267,015 to $409,032 with the average total cash compensation of $326,207.
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234300
317565

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Vice President of Innovation Salary in popular cities: Aurora, Rockford, Joliet

Skills associated with Vice President of Innovation: Product Research, Concept Development, Strategy Development, Stakeholder Management ...More

Jobs with a similar salary range to Vice President of Innovation : Vp Innovation