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The differences between senior vice presidents and vice presidents, business development can be seen in a few details. Each job has different responsibilities and duties. It typically takes More than 10 years to become both a senior vice president and a vice president, business development. Additionally, a senior vice president has an average salary of $194,770, which is higher than the $165,159 average annual salary of a vice president, business development.
The top three skills for a senior vice president include financial services, SVP and oversight. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Senior Vice President | Vice President, Business Development | |
| Yearly salary | $194,770 | $165,159 |
| Hourly rate | $93.64 | $79.40 |
| Growth rate | 6% | 6% |
| Number of jobs | 61,380 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 52 | 52 |
| Years of experience | - | - |
A Senior Vice President's responsibilities vary according to the company or organization. Still, it mostly revolves around overseeing and leading a particular department's activities and operations, reporting to the president and the board, evaluating the progress and performances of teams and employees, and maintaining constant communication with staff and management. Furthermore, A Senior Vice President is also involved in forming strategies that would benefit the sales of the company, seek innovative options, review documents, and ensure that the operations are up to the standards of 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.
Senior vice presidents and vice presidents, business development have different pay scales, as shown below.
| Senior Vice President | Vice President, Business Development | |
| Average salary | $194,770 | $165,159 |
| Salary range | Between $125,000 And $302,000 | Between $104,000 And $262,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Brookfield Properties | Fanatics |
| Best paying industry | Media | Manufacturing |
There are a few differences between a senior vice president and a vice president, business development in terms of educational background:
| Senior Vice President | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior vice presidents' and vice presidents, business development' demographics:
| Senior Vice President | Vice President, Business Development | |
| Average age | 52 | 52 |
| Gender ratio | Male, 74.9% Female, 25.1% | Male, 81.3% Female, 18.7% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% | 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 | 12% | 12% |