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The differences between business development directors and vice presidents, business development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business development director, becoming a vice president, business development takes usually requires More than 10 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $117,784 average annual salary of a business development director.
The top three skills for a business development director include healthcare, CRM and patients. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Business Development Director | Vice President, Business Development | |
| Yearly salary | $117,784 | $165,159 |
| Hourly rate | $56.63 | $79.40 |
| Growth rate | 10% | 6% |
| Number of jobs | 153,601 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Average age | 39 | 52 |
| Years of experience | 10 | - |
A business development director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes. They must also conduct a thorough marketing analysis and remain updated on the latest trends in the market to identify new opportunities that would improve customer satisfaction. Furthermore, they must also communicate with all clients, even appear on public gatherings to strengthen brand awareness.
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 development directors and vice presidents, business development have different pay scales, as shown below.
| Business Development Director | Vice President, Business Development | |
| Average salary | $117,784 | $165,159 |
| Salary range | Between $72,000 And $192,000 | Between $104,000 And $262,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | New Mexico | Washington |
| Best paying company | alliantgroup | Fanatics |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a business development director and a vice president, business development in terms of educational background:
| Business Development Director | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between business development directors' and vice presidents, business development' demographics:
| Business Development Director | Vice President, Business Development | |
| Average age | 39 | 52 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 81.3% Female, 18.7% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | 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 | 10% | 12% |