Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between directors, business development and strategy and vice presidents, business development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a director, business development and strategy, becoming a vice president, business development takes usually requires More than 10 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $154,933 average annual salary of a director, business development and strategy.
The top three skills for a director, business development and strategy include project management, market trends and product development. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Director, Business Development And Strategy | Vice President, Business Development | |
| Yearly salary | $154,933 | $165,159 |
| Hourly rate | $74.49 | $79.40 |
| Growth rate | 10% | 6% |
| Number of jobs | 160,378 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| Average age | 39 | 52 |
| Years of experience | 10 | - |
A director of business development and strategy spearheads and oversees a company's business development programs, ensuring efficiency and smooth workflow. They are responsible for setting goals and guidelines, establishing schedules and budgets, delegating tasks, and monitoring the progress of all operations, implementing solutions against problem areas. They must also gather and analyze data to identify the strengths and weaknesses of current procedures and develop strategies to optimize operations. Moreover, as a director, they must promote and enforce the company's policies and regulations, create new ones as needed.
A vice president of business development is an individual who leads in the execution of business plans and provides new business strategies for an organization. Vice presidents of business development closely work with a team of salespeople, management, and lower-level employees to secure contracts with new customers and manage ongoing agreements. They often travel to participate in business conferences and meetings with vendors and suppliers. Vice presidents of business development must also possess a bachelor's degree in business administration or marketing.
Directors, business development and strategy and vice presidents, business development have different pay scales, as shown below.
| Director, Business Development And Strategy | Vice President, Business Development | |
| Average salary | $154,933 | $165,159 |
| Salary range | Between $107,000 And $224,000 | Between $104,000 And $262,000 |
| Highest paying City | Providence, RI | Seattle, WA |
| Highest paying state | Rhode Island | Washington |
| Best paying company | Mainline Health Systems | Fanatics |
| Best paying industry | Hospitality | Manufacturing |
There are a few differences between a director, business development and strategy and a vice president, business development in terms of educational background:
| Director, Business Development And Strategy | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between directors, business development and strategy' and vice presidents, business development' demographics:
| Director, Business Development And Strategy | Vice President, Business Development | |
| Average age | 39 | 52 |
| Gender ratio | Male, 80.1% Female, 19.9% | Male, 81.3% Female, 18.7% |
| Race ratio | 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% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 10% | 12% |