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The differences between directors, strategic initiatives and development vice presidents 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, strategic initiatives, becoming a development vice president takes usually requires 2-4 years. Additionally, a development vice president has an average salary of $156,085, which is higher than the $110,532 average annual salary of a director, strategic initiatives.
The top three skills for a director, strategic initiatives include project management, oversight and business development. The most important skills for a development vice president are business development, java, and development finance.
| Director, Strategic Initiatives | Development Vice President | |
| Yearly salary | $110,532 | $156,085 |
| Hourly rate | $53.14 | $75.04 |
| Growth rate | 10% | 7% |
| Number of jobs | 32,990 | 94,188 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Average age | 39 | 45 |
| Years of experience | 10 | 4 |
A director of strategic initiatives spearheads the business planning efforts in a company, ensuring efficiency and profit growth. Typically, their responsibilities revolve around performing research and analysis to determine the best practices for optimal operations, coordinating with analysts and other experts to devise strategies to improve existing systems and procedures, and managing budgets in adherence to the goals and needs of a company. Furthermore, as a director, it is essential to lead and encourage the workforce to reach new heights, all while implementing the company's policies and regulations.
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.
Directors, strategic initiatives and development vice presidents have different pay scales, as shown below.
| Director, Strategic Initiatives | Development Vice President | |
| Average salary | $110,532 | $156,085 |
| Salary range | Between $71,000 And $171,000 | Between $103,000 And $235,000 |
| Highest paying City | San Francisco, CA | Portland, OR |
| Highest paying state | California | Oregon |
| Best paying company | McKinsey & Company Inc | Mall of America |
| Best paying industry | Finance | Hospitality |
There are a few differences between a director, strategic initiatives and a development vice president in terms of educational background:
| Director, Strategic Initiatives | Development Vice President | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Northwestern University |
Here are the differences between directors, strategic initiatives' and development vice presidents' demographics:
| Director, Strategic Initiatives | Development Vice President | |
| Average age | 39 | 45 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 67.0% Female, 33.0% |
| 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, 11.2% Unknown, 5.5% Hispanic or Latino, 15.7% Asian, 4.4% White, 62.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 18% |