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The differences between sales vice presidents 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 sales vice president, 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 $143,523 average annual salary of a sales vice president.
The top three skills for a sales vice president include sales process, healthcare and customer service. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Sales Vice President | Vice President, Business Development | |
| Yearly salary | $143,523 | $165,159 |
| Hourly rate | $69.00 | $79.40 |
| Growth rate | 5% | 6% |
| Number of jobs | 108,467 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 73% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
Sales vice presidents are top-level executives at a sales, retail, or marketing corporation. Primarily these executives are tasked to direct and lead a sales department or team within the organization. Their objective is to meet or even exceed the sales or marketing standards set for a successful business operation. They manage brands, deploy sales, and distribute the channels of the company. Also, they oversee the internal operations of the organization to establish customer relationships.
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.
Sales vice presidents and vice presidents, business development have different pay scales, as shown below.
| Sales Vice President | Vice President, Business Development | |
| Average salary | $143,523 | $165,159 |
| Salary range | Between $91,000 And $225,000 | Between $104,000 And $262,000 |
| Highest paying City | Frankfort, KY | Seattle, WA |
| Highest paying state | Maine | Washington |
| Best paying company | Apple | Fanatics |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a sales vice president and a vice president, business development in terms of educational background:
| Sales Vice President | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between sales vice presidents' and vice presidents, business development' demographics:
| Sales Vice President | Vice President, Business Development | |
| Average age | 46 | 52 |
| Gender ratio | Male, 84.8% Female, 15.2% | 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% |