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The differences between chief development officers and 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 vice president takes usually requires More than 10 years. Additionally, a vice president has an average salary of $158,637, 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 vice president are healthcare, oversight, and project management.
| Chief Development Officer | Vice President | |
| Yearly salary | $116,047 | $158,637 |
| Hourly rate | $55.79 | $76.27 |
| Growth rate | 8% | 6% |
| Number of jobs | 135,511 | 119,530 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 72% |
| 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.
Vice presidents are usually considered the second-in-command in the organization, depending on the organization structure. They take over when the president is unavailable to fulfill duties. They may also represent the organization in external events and other official functions. They are important members of the boardroom, and their opinions are usually sought after as well. Vice presidents are usually poised to follow the president's footsteps in the organization, especially if the president is nearing retirement. They also make urgent and crucial decisions when the president is not available to do so. Vice presidents must have strong business acumen, decision-making skills, and professionalism.
Chief development officers and vice presidents have different pay scales, as shown below.
| Chief Development Officer | Vice President | |
| Average salary | $116,047 | $158,637 |
| Salary range | Between $67,000 And $199,000 | Between $107,000 And $235,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | McKinsey & Company Inc | Brookfield Properties |
| Best paying industry | Professional | Manufacturing |
There are a few differences between a chief development officer and a vice president in terms of educational background:
| Chief Development Officer | Vice President | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between chief development officers' and vice presidents' demographics:
| Chief Development Officer | Vice President | |
| Average age | 42 | 52 |
| Gender ratio | Male, 66.7% Female, 33.3% | Male, 65.8% Female, 34.2% |
| 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, 7.6% Asian, 7.5% White, 76.7% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 16% | 12% |