As of April 01, 2025, the average annual salary for a VP of Tax in Elgin, IL is $272,839. Salary.com reports that pay typically ranges from $245,984 to $305,408, with most professionals earning between $221,533 and $335,061.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $300,510 | $25,042 | $5,779 | $144 |
| Average | $268,463 | $22,372 | $5,163 | $129 |
| 25th Percentile | $242,038 | $20,170 | $4,655 | $116 |
An entry-level VP of Tax with under 1 year experience makes about $254,029. With less than 2 years of experience, a mid-level VP of Tax makes around $256,539. After 2-4 years, the VP of Tax pay rises to about $259,885. Those senior VP of Tax with 5-8 years of experience earn roughly $264,067, and those VP of Tax having 8 years or more experience are expected to earn about $268,250 on average.
| Levels | Salary |
|---|---|
| Entry Level VP of Tax | $254,029 |
| Intermediate Level VP of Tax | $256,539 |
| Senior Level VP of Tax | $259,885 |
| Specialist Level VP of Tax | $264,067 |
| Expert Level VP of Tax | $268,250 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 0% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
Direct Sales: Direct selling consists of two main business models: single-level marketing, in which a direct seller makes money by buying products from a parent organization and selling them directly to customers, and multi-level marketing (also known as network marketing or person-to-person marketing), in which the direct seller may earn money from both direct sales to customers and by sponsoring new direct sellers and potentially earning a commission from their efforts. According to the FTC: "Direct selling is a blanket term that encompasses a variety of business forms premised on person-to-person selling in locations other than a retail establishment, such as social media platforms or the home of the salesperson or prospective customer." Modern direct selling includes sales made through the party plan, one-on-one demonstrations, and other personal contact arrangements as well as internet sales. Some sources have defined direct selling as: "The direct personal presentation, demonstration, and sale of products and services to consumers, usually in their homes or at their jobs."
| Skill | Salary | Demand |
|---|---|---|
|
Logistics
|
$354,691 |
30%
|
|
Coordination
|
$324,678 |
19%
|
|
Budgeting
|
$319,222 |
17%
|
|
Oral Communication
|
$311,036 |
14%
|
|
PowerPoint
|
$311,036 |
14%
|
|
Presentation
|
$300,123 |
10%
|
