Development vice presidents are responsible for creating strategic business partnerships and driving the organization forward. They do this through several means, including conducting industry-specific research, competitor analysis, and managing their team.
The most powerful tool used by development vice presidents is strategic partnerships. They seek out business relationships that are beneficial to the organization and may help them accomplish new goals. Development vice presidents also vet potential partnerships before the deal is struck. They vet the partner company and uncover relevant information.
These professionals have day-to-day administrative duties that may include meeting with the CEO and other stakeholders, attending industry conferences and trade shows, and managing a small team of employees.
To become a development vice president, you need advanced degrees in related fields like economics or business development. You also need up to ten years of experience in client management, professional services, and possibly, business development. Development vice presidents tend to have strong leadership and relationship building skills.
There is more than meets the eye when it comes to being a development vice president. For example, did you know that they make an average of $77.36 an hour? That's $160,906 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 3,100 job opportunities across the U.S.
There are certain skills that many development vice presidents have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed business skills, collaboration skills and instructional skills.
If you're interested in becoming a development vice president, one of the first things to consider is how much education you need. We've determined that 73.7% of development vice presidents have a bachelor's degree. In terms of higher education levels, we found that 17.2% of development vice presidents have master's degrees. Even though most development vice presidents have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a development vice president. When we researched the most common majors for a development vice president, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on development vice president resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a development vice president. In fact, many development vice president jobs require experience in a role such as vice president. Meanwhile, many development vice presidents also have previous career experience in roles such as development director or director.