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The differences between business development interns 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 $33,146 average annual salary of a business development internship.
The top three skills for a business development internship include powerpoint, market research and social media marketing. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Business Development Internship | Vice President, Business Development | |
| Yearly salary | $33,146 | $165,159 |
| Hourly rate | $15.94 | $79.40 |
| Growth rate | 19% | 6% |
| Number of jobs | 147,302 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 73% |
| Average age | 44 | 52 |
| Years of experience | - | - |
A business development intern is responsible for supporting the organization's goals and objectives in providing the best services to clients and ensuring a smooth flow of operations with maximum productivity and efficiency. Business development interns observe the operational processes of the department and perform duties under the supervision of a direct manager or tenured staff. They also assist with the creation of new products and services, pitching strategies to promote them in the market, develop marketing campaigns, and creating proposals for business partnership purposes. A business development intern must be detail-oriented and highly organized to support daily operations.
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 interns and vice presidents, business development have different pay scales, as shown below.
| Business Development Internship | Vice President, Business Development | |
| Average salary | $33,146 | $165,159 |
| Salary range | Between $25,000 And $42,000 | Between $104,000 And $262,000 |
| Highest paying City | Boston, MA | Seattle, WA |
| Highest paying state | Alaska | Washington |
| Best paying company | Sandia National Labs | Fanatics |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a business development internship and a vice president, business development in terms of educational background:
| Business Development Internship | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business development interns' and vice presidents, business development' demographics:
| Business Development Internship | Vice President, Business Development | |
| Average age | 44 | 52 |
| Gender ratio | Male, 58.0% Female, 42.0% | 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% |