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The differences between chief development officers and development vice presidents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a chief development officer and a development vice president. Additionally, a development vice president has an average salary of $156,085, which is higher than the $116,047 average annual salary of a chief development officer.
The top three skills for a chief development officer include kids, oversight and CDO. The most important skills for a development vice president are business development, java, and development finance.
| Chief Development Officer | Development Vice President | |
| Yearly salary | $116,047 | $156,085 |
| Hourly rate | $55.79 | $75.04 |
| Growth rate | 8% | 7% |
| Number of jobs | 135,511 | 94,188 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Average age | 42 | 45 |
| Years of experience | 4 | 4 |
A chief development officer is responsible for joining the senior management team in incorporating business decisions that would benefit the organization in achieving long-term goals and objectives. Chief development officers lead the growth planning and strategizing techniques to improve operations and ensure customer satisfaction. They approve budgets and resources allocation across the organization to serve business functions and address issues. A chief development officer must have excellent communication and leadership skills, especially in raising funds and maintaining healthy relationships with business partners.
A development vice president is in charge of overseeing the operations in a company, ensuring a smooth workflow and efficient workforce. Their responsibilities revolve around creating strategies to develop optimal procedures and services, setting goals and sales targets, identifying the strengths and weaknesses of operations to spearhead improvements, coordinating with analysts and marketing experts to assess the market and consumer needs, and monitoring the progress of different projects. Furthermore, as a development vice president, it is essential to implement the policies and regulations, creating new ones as needed.
Chief development officers and development vice presidents have different pay scales, as shown below.
| Chief Development Officer | Development Vice President | |
| Average salary | $116,047 | $156,085 |
| Salary range | Between $67,000 And $199,000 | Between $103,000 And $235,000 |
| Highest paying City | New York, NY | Portland, OR |
| Highest paying state | New York | Oregon |
| Best paying company | McKinsey & Company Inc | Mall of America |
| Best paying industry | Professional | Hospitality |
There are a few differences between a chief development officer and a development vice president in terms of educational background:
| Chief Development Officer | Development Vice President | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between chief development officers' and development vice presidents' demographics:
| Chief Development Officer | Development Vice President | |
| Average age | 42 | 45 |
| Gender ratio | Male, 66.7% Female, 33.3% | Male, 67.0% Female, 33.0% |
| Race ratio | Black or African American, 6.0% Unknown, 4.7% Hispanic or Latino, 9.2% Asian, 5.1% White, 74.6% American Indian and Alaska Native, 0.4% | Black or African American, 11.2% Unknown, 5.5% Hispanic or Latino, 15.7% Asian, 4.4% White, 62.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 16% | 18% |