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The differences between business development leads 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 lead, 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 $118,868 average annual salary of a business development lead.
The top three skills for a business development lead include project management, cloud and emerging technologies. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Business Development Lead | Vice President, Business Development | |
| Yearly salary | $118,868 | $165,159 |
| Hourly rate | $57.15 | $79.40 |
| Growth rate | 10% | 6% |
| Number of jobs | 172,226 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 39 | 52 |
| Years of experience | 10 | - |
Business Development Leads oversee the continuous pursuit of growth opportunities for the company. They should be familiar with current industry trends and economic news. They should also be familiar with the business performance to identify areas for improvement and development. They should know the company's target market to help create marketing campaigns. Business development leads may also be asked to create product innovations that would cater to their target market's needs. They are expected to spearhead programs that aim to attract new clients and retain existing ones.
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 leads and vice presidents, business development have different pay scales, as shown below.
| Business Development Lead | Vice President, Business Development | |
| Average salary | $118,868 | $165,159 |
| Salary range | Between $84,000 And $167,000 | 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 | Technology | Manufacturing |
There are a few differences between a business development lead and a vice president, business development in terms of educational background:
| Business Development Lead | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 71% | 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 leads' and vice presidents, business development' demographics:
| Business Development Lead | Vice President, Business Development | |
| Average age | 39 | 52 |
| Gender ratio | Male, 69.7% Female, 30.3% | 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% |