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The differences between business developers and vice presidents, business development can be seen in a few details. Each job has different responsibilities and duties. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $101,635 average annual salary of a business developer.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Business Developer | Vice President, Business Development | |
| Yearly salary | $101,635 | $165,159 |
| Hourly rate | $48.86 | $79.40 |
| Growth rate | 10% | 6% |
| Number of jobs | 193,469 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Average age | 44 | 52 |
| Years of experience | - | - |
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
A vice president of business development is an individual who leads in the execution of business plans and provides new business strategies for an organization. Vice presidents of business development closely work with a team of salespeople, management, and lower-level employees to secure contracts with new customers and manage ongoing agreements. They often travel to participate in business conferences and meetings with vendors and suppliers. Vice presidents of business development must also possess a bachelor's degree in business administration or marketing.
Business developers and vice presidents, business development have different pay scales, as shown below.
| Business Developer | Vice President, Business Development | |
| Average salary | $101,635 | $165,159 |
| Salary range | Between $66,000 And $156,000 | Between $104,000 And $262,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | Apple | Fanatics |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a business developer and a vice president, business development in terms of educational background:
| Business Developer | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Pennsylvania |
Here are the differences between business developers' and vice presidents, business development' demographics:
| Business Developer | Vice President, Business Development | |
| Average age | 44 | 52 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 81.3% Female, 18.7% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 12% |