Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between directors, strategic initiatives 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, strategic initiatives, 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 $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 vice president, business development are healthcare, business strategy, and revenue growth.
| Director, Strategic Initiatives | Vice President, Business Development | |
| Yearly salary | $110,532 | $165,159 |
| Hourly rate | $53.14 | $79.40 |
| Growth rate | 10% | 6% |
| Number of jobs | 32,990 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 73% |
| Average age | 39 | 52 |
| Years of experience | 10 | - |
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 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, strategic initiatives and vice presidents, business development have different pay scales, as shown below.
| Director, Strategic Initiatives | Vice President, Business Development | |
| Average salary | $110,532 | $165,159 |
| Salary range | Between $71,000 And $171,000 | Between $104,000 And $262,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | McKinsey & Company Inc | Fanatics |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a director, strategic initiatives and a vice president, business development in terms of educational background:
| Director, Strategic Initiatives | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between directors, strategic initiatives' and vice presidents, business development' demographics:
| Director, Strategic Initiatives | Vice President, Business Development | |
| Average age | 39 | 52 |
| Gender ratio | Male, 57.0% Female, 43.0% | 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% |