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Vice president, business development salary
Average vice president, business development salary
$165,159
Understanding the Vice President, Business Development Salary
The average salary for a Vice President of Business Development in the United States is $165,159 per year. This figure can vary significantly based on factors such as geographic location, industry, and years of experience. For instance, professionals in high-demand markets like technology and pharmaceuticals often command higher salaries compared to those in other sectors.
Salary Variations by State
In states like California and New York, salaries can exceed this average, with top companies offering compensation packages that include bonuses and stock options. Additionally, metropolitan areas such as San Francisco and New York City are known for providing some of the highest salaries for this role.
Job Opportunities
Vice Presidents of Business Development also have the opportunity to advance into executive roles, further increasing their earning potential. Companies are actively seeking experienced candidates who can drive growth through strategic initiatives and partnerships. Those interested in this career path should focus on building a strong network and gaining experience in leadership roles.
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Where can a Vice President, Business Development earn more?
Average vice president, business development salary by state
The average vice president, business development salary in Washington, California, and Oregon are the highest in the U.S. The lowest average vice president, business development salary states are Kentucky, Florida, and Arkansas.
- State view
- County view
Highest paying states for vice presidents, business development
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Nevada | $167,055 | $80.31 |
| 2 | Minnesota | $163,386 | $78.55 |
| 3 | Michigan | $159,976 | $76.91 |
| 4 | Nebraska | $154,521 | $74.29 |
| 5 | Texas | $155,281 | $74.65 |
| 6 | Oregon | $168,542 | $81.03 |
| 7 | Delaware | $162,959 | $78.35 |
| 8 | Washington | $178,796 | $85.96 |
| 9 | New Mexico | $153,324 | $73.71 |
| 10 | District of Columbia | $165,050 | $79.35 |
| 11 | New York | $161,027 | $77.42 |
| 12 | California | $172,574 | $82.97 |
| 13 | New Jersey | $166,188 | $79.90 |
| 14 | Pennsylvania | $154,547 | $74.30 |
| 15 | Ohio | $147,567 | $70.95 |
| 16 | Missouri | $148,703 | $71.49 |
| 17 | Connecticut | $163,191 | $78.46 |
| 18 | Arizona | $149,510 | $71.88 |
| 19 | Alaska | $149,440 | $71.85 |
| 20 | Illinois | $153,563 | $73.83 |
| 21 | Wisconsin | $141,770 | $68.16 |
| 22 | Louisiana | $146,867 | $70.61 |
| 23 | Indiana | $141,083 | $67.83 |
| 24 | North Carolina | $149,046 | $71.66 |
| 25 | Massachusetts | $152,791 | $73.46 |
| 26 | Colorado | $155,769 | $74.89 |
| 27 | Virginia | $155,742 | $74.88 |
| 28 | Iowa | $138,849 | $66.75 |
| 29 | Kansas | $135,989 | $65.38 |
| 30 | Rhode Island | $144,711 | $69.57 |
| 31 | Alabama | $138,779 | $66.72 |
| 32 | South Carolina | $139,263 | $66.95 |
| 33 | Georgia | $140,872 | $67.73 |
| 34 | North Dakota | $136,637 | $65.69 |
| 35 | Montana | $131,036 | $63.00 |
| 36 | Tennessee | $130,733 | $62.85 |
| 37 | Wyoming | $132,518 | $63.71 |
| 38 | South Dakota | $129,437 | $62.23 |
| 39 | Utah | $139,406 | $67.02 |
| 40 | Maryland | $149,806 | $72.02 |
| 41 | West Virginia | $130,194 | $62.59 |
| 42 | Arkansas | $120,596 | $57.98 |
| 43 | Idaho | $138,738 | $66.70 |
| 44 | Kentucky | $125,885 | $60.52 |
| 45 | New Hampshire | $140,074 | $67.34 |
| 46 | Florida | $124,801 | $60.00 |
| 47 | Vermont | $130,738 | $62.85 |
| 48 | Maine | $130,641 | $62.81 |
| 49 | Oklahoma | $102,963 | $49.50 |
| 50 | Hawaii | $114,135 | $54.87 |
| 51 | Mississippi | $87,927 | $42.27 |
Highest paying cities for vice presidents, business development
The highest-paying cities for vice presidents, business development are Seattle, WA, San Francisco, CA, and Las Vegas, NV.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Seattle, WA | $198,677 | $95.52 |
| 2 | San Francisco, CA | $192,466 | $92.53 |
| 3 | Las Vegas, NV | $177,875 | $85.52 |
| 4 | Jersey City, NJ | $175,134 | $84.20 |
| 5 | Washington, DC | $173,968 | $83.64 |
| 6 | Albany, NY | $172,886 | $83.12 |
| 7 | Wilmington, DE | $171,132 | $82.28 |
| 8 | Lansing, MI | $168,645 | $81.08 |
| 9 | Irving, TX | $166,100 | $79.86 |
| 10 | Reston, VA | $164,356 | $79.02 |
| 11 | Denver, CO | $164,137 | $78.91 |
| 12 | Lincoln, NE | $161,663 | $77.72 |
| 13 | Chicago, IL | $159,905 | $76.88 |
| 14 | Harrisburg, PA | $159,812 | $76.83 |
| 15 | Boston, MA | $157,012 | $75.49 |
| 16 | Phoenix, AZ | $155,421 | $74.72 |
| 17 | Charlotte, NC | $154,578 | $74.32 |
| 18 | Baton Rouge, LA | $152,983 | $73.55 |
| 19 | Alpharetta, GA | $146,525 | $70.44 |
| 20 | Madison, WI | $144,971 | $69.70 |
Vice president, business development salary details
A vice president, business development's salary ranges from $104,000 a year at the 10th percentile to $262,000 at the 90th percentile.
What is a vice president, business development's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $262,000 | $21,833 | $126 |
| 75th Percentile | $210,000 | $17,500 | $101 |
| Average | $165,159 | $13,763 | $79 |
| 25th Percentile | $129,000 | $10,750 | $62 |
| 10th Percentile | $104,000 | $8,667 | $50 |
Highest paying vice president, business development jobs
The highest paying types of vice presidents, business development are senior vice president, vice president, product management, and vice president, strategy.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Sales Vice President | $143,523 | $11,960 | $69.00 | 108,467 |
| Business Development And Marketing Manager | $75,369 | $6,281 | $36.23 | 182,239 |
| Business Development Account Manager | $99,209 | $8,267 | $47.70 | 222,573 |
| Vice President, Strategy | $164,392 | $13,699 | $79.03 | 60,332 |
| Business Development Sales Manager | $111,309 | $9,276 | $53.51 | 181,115 |
| Business Development Consultant | $85,153 | $7,096 | $40.94 | 168,111 |
Top companies hiring vice presidents, business development now:
Which companies pay vice presidents, business development the most?
Vice president, business development salaries at Fanatics and NRC Health are the highest-paying according to our most recent salary estimates. In addition, the average vice president, business development salary at companies like Village Green and Capgemini are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Fanatics | $215,526 | $103.62 |
| 2 | NRC Health | $211,148 | $101.51 |
| 3 | Village Green | $205,896 | $98.99 |
| 4 | Capgemini | $202,044 | $97.14 |
| 5 | Calvert Holdings | $201,847 | $97.04 |
| 6 | DNM | $200,382 | $96.34 |
| 7 | Richemont North America, Inc. | $199,195 | $95.77 |
| 8 | Authentic Brands Group | $198,254 | $95.31 |
| 9 | Hca Hospital Services Of San Diego | $198,094 | $95.24 |
| 10 | Eight | $196,455 | $94.45 |
| 11 | SPX | $196,223 | $94.34 |
| 12 | The Center for Health Care Services | $195,527 | $94.00 |
| 13 | Cutting Edge Capital | $195,149 | $93.82 |
| 14 | Endo Pharmaceuticals Inc | $193,430 | $93.00 |
| 15 | Campus Advantage | $192,840 | $92.71 |
| 16 | McKesson | $192,333 | $92.47 |
| 17 | Warner Music Group | $191,477 | $92.06 |
| 18 | VICE | $190,775 | $91.72 |
| 19 | Access Healthcare Services | $189,321 | $91.02 |
| 20 | RingCentral | $188,703 | $90.72 |
Wage gap by gender, race and education
Vice President, Business Development salary by industry
The average vice president, business development salary varies across industries:
- The average vice president, business development salary in the manufacturing industry is $164,511, the highest of any industry.
- The average vice president, business development salary in the finance industry is $163,142.
- Vice presidents, business development in the technology industry earn an average salary of $153,785, the lowest of any industry.
Highest paying industries for vice presidents, business development
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Manufacturing | $164,511 | $79.09 |
| 2 | Health Care | $163,142 | $78.43 |
| 3 | Hospitality | $161,908 | $77.84 |
| 4 | Media | $161,545 | $77.67 |
| 5 | Transportation | $161,213 | $77.51 |
| 6 | Professional | $159,108 | $76.49 |
| 7 | Finance | $154,012 | $74.04 |
| 8 | Technology | $153,785 | $73.94 |
High paying vice president, business development jobs
Vice president, business development salary trends
The average vice president, business development salary has risen by $16,911 over the last ten years. In 2014, the average vice president, business development earned $148,248 annually, but today, they earn $165,159 a year. That works out to a 3% change in pay for vice presidents, business development over the last decade.
Compare vice president, business development salaries for cities or states with the national average over time.
Average vice president, business development salary over time
Compare vice president, business development salaries for individual cities or states with the national average.
Vice president, business development salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $165,000 | $79.40 | +0.8% |
| 2024 | $164,000 | $78.77 | -2.8% |
| 2023 | $168,000 | $80.96 | +3.3% |
| 2022 | $163,000 | $78.26 | +1.1% |
| 2021 | $161,000 | $77.38 | +3.4% |
Recently added vice president, business development salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Get It-Executive | VP of Business Development-Remote | Conroe, TX | 06/29/2025 | $165,000 |
| Get It-Executive | Regional VP of Business Development-Remote | Roswell, GA | 06/29/2025 | $154,000 |
| Icapital Network | RIA, Family Office Business Development-Vice President | New York, NY | 06/29/2025 | $125,000 |
| Cfins | VP, Wholesale Business Development-Travel Insured International-Glastonbury, CT or Remote | Glastonbury, CT | 06/29/2025 | $134,700 |
| Morningstar Inc. | Vice President, Business Development | New York, NY | 06/28/2025 | $110,000 |
| Ascap | Vice President, Strategy and Business Development | New York, NY | 06/28/2025 | $160,000 |
| Assuredpartners | Vice President of Business Development | Baltimore, MD | 06/28/2025 | $125,000 |
| CAES | Vice President Business Development | San Diego, CA | 06/28/2025 | $267,000 |
| Ascap (American Society of Composers, Authors & Publishers | Vice President, Strategy and Business Development | New York, NY | 06/28/2025 | $160,000 |
| Bae Systems Plc | VP Business Development, Intelligence Solutions | Sterling, VA | 06/27/2025 | $196,296 |
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