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The differences between development vice presidents and business development managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a development vice president, becoming a business development manager takes usually requires 8-10 years. Additionally, a development vice president has an average salary of $156,085, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a development vice president include business development, java and development finance. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Development Vice President | Business Development Manager | |
| Yearly Salary | $156,085 | $100,769 |
| Hourly rate | $75.04 | $48.45 |
| Growth Rate | 7% | 10% |
| Number Of Jobs | 94,188 | 215,309 |
| Job Satisfaction | - | - |
| Most Common Degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Average Age | 45 | 39 |
| Years Of Experience | 4 | 10 |
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.
A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
Development vice presidents and business development managers have different pay scales, as shown below.
| Development Vice President | Business Development Manager | |
| Average Salary | $156,085 | $100,769 |
| Salary Range | Between $103,000 And $235,000 | Between $67,000 And $151,000 |
| Highest Paying City | Portland, OR | San Francisco, CA |
| Highest Paying State | Oregon | California |
| Best Paying Company | Mall of America | Shearman & Sterling |
| Best Paying Industry | Hospitality | Finance |
There are a few differences between a development vice president and a business development manager in terms of educational background:
| Development Vice President | Business Development Manager | |
| Most Common Degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most Common Major | Business | Business |
| Most Common College | Northwestern University | University of Georgia |
Here are the differences between development vice presidents' and business development managers' demographics:
| Development Vice President | Business Development Manager | |
| Average Age | 45 | 39 |
| Gender Ratio | Male, 67.0% Female, 33.0% | Male, 68.6% Female, 31.4% |
| Race Ratio | 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% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 18% | 10% |