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The differences between chief development officers and senior vice presidents can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a chief development officer, becoming a senior vice president takes usually requires More than 10 years. Additionally, a senior vice president has an average salary of $194,770, 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 senior vice president are financial services, SVP, and oversight.
| Chief Development Officer | Senior Vice President | |
| Yearly salary | $116,047 | $194,770 |
| Hourly rate | $55.79 | $93.64 |
| Growth rate | 8% | 6% |
| Number of jobs | 135,511 | 61,380 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Average age | 42 | 52 |
| Years of experience | 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 Senior Vice President's responsibilities vary according to the company or organization. Still, it mostly revolves around overseeing and leading a particular department's activities and operations, reporting to the president and the board, evaluating the progress and performances of teams and employees, and maintaining constant communication with staff and management. Furthermore, A Senior Vice President is also involved in forming strategies that would benefit the sales of the company, seek innovative options, review documents, and ensure that the operations are up to the standards of the company's policies and regulations.
Chief development officers and senior vice presidents have different pay scales, as shown below.
| Chief Development Officer | Senior Vice President | |
| Average salary | $116,047 | $194,770 |
| Salary range | Between $67,000 And $199,000 | Between $125,000 And $302,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | McKinsey & Company Inc | Brookfield Properties |
| Best paying industry | Professional | Media |
There are a few differences between a chief development officer and a senior vice president in terms of educational background:
| Chief Development Officer | Senior Vice President | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between chief development officers' and senior vice presidents' demographics:
| Chief Development Officer | Senior Vice President | |
| Average age | 42 | 52 |
| Gender ratio | Male, 66.7% Female, 33.3% | Male, 74.9% Female, 25.1% |
| 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, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 16% | 12% |