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The differences between regional directors of 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 6-8 years to become a regional director of 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 $104,909 average annual salary of a regional director of business development.
The top three skills for a regional director of business development include healthcare, home health and CRM. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Regional Director Of Business Development | Vice President, Business Development | |
| Yearly salary | $104,909 | $165,159 |
| Hourly rate | $50.44 | $79.40 |
| Growth rate | 5% | 6% |
| Number of jobs | 139,637 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
A regional director of business development is primarily in charge of overseeing the business operations of company branches within a particular region. It is their duty to spearhead the efforts put into developing and optimizing procedures, aiming for a smooth workflow and significant results. As a regional director, they must set goals and budgets, establish guidelines, coordinate with managers, gather and analyze sales reports, identify areas needing improvement, and implement solutions to improve business performance. They must also perform research and analysis to find and utilize new business opportunities.
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.
Regional directors of business development and vice presidents, business development have different pay scales, as shown below.
| Regional Director Of Business Development | Vice President, Business Development | |
| Average salary | $104,909 | $165,159 |
| Salary range | Between $70,000 And $157,000 | Between $104,000 And $262,000 |
| Highest paying City | Alexandria, VA | Seattle, WA |
| Highest paying state | Oregon | Washington |
| Best paying company | Radial | Fanatics |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a regional director of business development and a vice president, business development in terms of educational background:
| Regional Director Of Business Development | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between regional directors of business development' and vice presidents, business development' demographics:
| Regional Director Of Business Development | Vice President, Business Development | |
| Average age | 46 | 52 |
| Gender ratio | Male, 64.5% Female, 35.5% | Male, 81.3% Female, 18.7% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% 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 | 7% | 12% |