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The differences between senior vice presidents, sales 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 senior vice president, sales, becoming a vice president, business development takes usually requires More than 10 years. Additionally, a senior vice president, sales has an average salary of $204,086, 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, sales include SVP, customer satisfaction and sales process. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Senior Vice President, Sales | Vice President, Business Development | |
| Yearly salary | $204,086 | $165,159 |
| Hourly rate | $98.12 | $79.40 |
| Growth rate | 5% | 6% |
| Number of jobs | 95,412 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 73% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
A senior vice president of sales is responsible for monitoring the sales performance of an organization, ensuring that the sales results meet the targets and requirements for business functions. Senior vice president of sales coordinate with sales leads in developing and analyzing current trends to generate resources that would increase revenues and profitability. They also check the quality of marketing campaigns, promotional materials, and market presence and adjust plans as needed to achieve public demands and global competitiveness. A senior vice president of sales tracks data and statistical and handles areas of improvement to strategize techniques in building brand image and awareness.
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, sales and vice presidents, business development have different pay scales, as shown below.
| Senior Vice President, Sales | Vice President, Business Development | |
| Average salary | $204,086 | $165,159 |
| Salary range | Between $128,000 And $324,000 | Between $104,000 And $262,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Alaska | Washington |
| Best paying company | OmniVision Technologies | Fanatics |
| Best paying industry | Telecommunication | Manufacturing |
There are a few differences between a senior vice president, sales and a vice president, business development in terms of educational background:
| Senior Vice President, Sales | 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 senior vice presidents, sales' and vice presidents, business development' demographics:
| Senior Vice President, Sales | Vice President, Business Development | |
| Average age | 46 | 52 |
| Gender ratio | Male, 85.6% Female, 14.4% | 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% |