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The differences between directors of strategic business development 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 of strategic business development, 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 $121,521 average annual salary of a director of strategic business development.
The top three skills for a director of strategic business development include market analysis, cloud and strategic business development. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Director Of Strategic Business Development | Vice President, Business Development | |
| Yearly salary | $121,521 | $165,159 |
| Hourly rate | $58.42 | $79.40 |
| Growth rate | 10% | 6% |
| Number of jobs | 155,023 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Average age | 39 | 52 |
| Years of experience | 10 | - |
A director of strategic business development spearheads the operations that focus on creating and implementing strategies to optimize business operations. They liaise and build positive relationships with internal and external parties, conduct market research and analyses, set goals and guidelines, establish projects and programs, and oversee operations from planning to execution. Moreover, as a director of strategic business development, it is essential to lead employees while implementing the organizations' standards and policies for a smooth and efficient workflow.
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 of strategic business development and vice presidents, business development have different pay scales, as shown below.
| Director Of Strategic Business Development | Vice President, Business Development | |
| Average salary | $121,521 | $165,159 |
| Salary range | Between $78,000 And $187,000 | Between $104,000 And $262,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | VMware | Fanatics |
| Best paying industry | Hospitality | Manufacturing |
There are a few differences between a director of strategic business development and a vice president, business development in terms of educational background:
| Director Of Strategic Business Development | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between directors of strategic business development' and vice presidents, business development' demographics:
| Director Of Strategic Business Development | Vice President, Business Development | |
| Average age | 39 | 52 |
| Gender ratio | Male, 77.2% Female, 22.8% | 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% |