Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between business executives and vice presidents, business development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business executive, 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 $63,101 average annual salary of a business executive.
The top three skills for a business executive include customer service, customer satisfaction and revenue growth. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Business Executive | Vice President, Business Development | |
| Yearly salary | $63,101 | $165,159 |
| Hourly rate | $30.34 | $79.40 |
| Growth rate | 6% | 6% |
| Number of jobs | 138,097 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
The duties of a business executive depend upon their position and industry of employment. In general, they are in charge of spearheading and overseeing business operations to ensure that everything runs smoothly and efficiently. They typically have the power to make corporate decisions, set goals and budgets, establish guidelines and timelines, negotiate with potential business partners, and develop business strategies to optimize overall operations. Moreover, a business executive implements and promotes company policies and regulations, creating new ones as needed.
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 executives and vice presidents, business development have different pay scales, as shown below.
| Business Executive | Vice President, Business Development | |
| Average salary | $63,101 | $165,159 |
| Salary range | Between $29,000 And $135,000 | Between $104,000 And $262,000 |
| Highest paying City | Albany, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | The Walt Disney Company | Fanatics |
| Best paying industry | - | Manufacturing |
There are a few differences between a business executive and a vice president, business development in terms of educational background:
| Business Executive | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business executives' and vice presidents, business development' demographics:
| Business Executive | Vice President, Business Development | |
| Average age | 44 | 52 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 81.3% Female, 18.7% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% | 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% |