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Become A Vice President, Business Development

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Working As A Vice President, Business Development

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Communicating with Persons Outside Organization
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $172,041

    Average Salary

What Does A Vice President, Business Development Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Vice President, Business Development

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Vice President, Business Development Videos

Elizabeth Warren Expresses Outrage Over Jamie Dimon's Salary at JP Morgan Chase

Mark Schulze Vice President of Business Development for Clover

Martin Kupper - VP of Business Development with www.powerteaminternational.com

Vice President, Business Development Jobs

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Vice President, Business Development Career Paths

Vice President, Business Development
Chief Executive Officer Management Consultant Business Development Director
Director Of Sales & Business Development
12 Yearsyrs
Vice President & General Manager Managing Director Operations Vice President
Executive Vice President Of Operations
13 Yearsyrs
President And Founder Business Development Director Sales And Marketing Vice President
Executive Vice President Of Sales
13 Yearsyrs
President/Chief Executive Officer Finance Advisor Assistant Vice President
Group Vice President
10 Yearsyrs
Executive Vice President President/Chief Executive Officer Business Developer
Head Of Business Development
8 Yearsyrs
Senior Consultant Product Manager Regional Sales Manager
National Sales Director
11 Yearsyrs
Chief Operating Officer Business Consultant Business Development Director
Partner-Director
10 Yearsyrs
Co-Founder Business Development Director Vice President & General Manager
President And General Manager
10 Yearsyrs
Managing Director President And Founder Business Development Director
Senior Director Of Business Development
13 Yearsyrs
Vice President And Manager Finance Advisor Relationship Manager
Senior Relationship Manager
10 Yearsyrs
Managing Partner Sales Consultant Regional Sales Manager
Senior Sales Executive
8 Yearsyrs
Senior Consultant Program Manager Marketing Director
Senior Vice President Of Marketing
13 Yearsyrs
Managing Director Operations Vice President Sales Vice President
Senior Vice President, Sales
14 Yearsyrs
Chief Executive Officer Specialist Account Manager
Strategic Accounts Manager
9 Yearsyrs
President/Chief Executive Officer Sales Consultant Regional Sales Manager
Vice President & Sales Manager
9 Yearsyrs
Co-Founder Business Developer Marketing Director
Vice President Of Marketing & Communications
12 Yearsyrs
Executive Vice President Managing Director Operations Vice President
Vice President Of Sales & Operations
11 Yearsyrs
Vice President, Corporate Development
13 Yearsyrs
Chief Operating Officer Management Consultant Product Manager
Vice President, Product Management
13 Yearsyrs
Vice President & General Manager Executive Vice President Managing Director
Vice President/Managing Director
14 Yearsyrs
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Help others decide if this is a good career for them

Average Length of Employment
Top Careers Before Vice President, Business Development
Director 5.0%
President 4.4%
Consultant 3.4%
Manager 2.7%
Top Careers After Vice President, Business Development
President 8.3%
Consultant 6.3%
Principal 5.6%
Director 3.3%

Do you work as a Vice President, Business Development?

Vice President, Business Development Demographics

Gender

Male

79.1%

Female

18.9%

Unknown

2.0%
Ethnicity

White

63.4%

Hispanic or Latino

13.9%

Black or African American

11.1%

Asian

7.6%

Unknown

4.0%
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Foreign Languages Spoken

Spanish

30.4%

French

16.0%

German

8.3%

Portuguese

7.7%

Mandarin

5.7%

Chinese

5.7%

Italian

4.5%

Japanese

4.3%

Carrier

3.9%

Korean

2.4%

Russian

2.4%

Arabic

1.6%

Hebrew

1.4%

Cantonese

1.4%

Hindi

0.8%

Dutch

0.8%

Greek

0.8%

Swedish

0.6%

Norwegian

0.6%

Dakota

0.6%
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Vice President, Business Development Education

Schools

University of Phoenix

10.3%

New York University

6.1%

Michigan State University

6.0%

Northwestern University

5.7%

Northeastern University

5.7%

University of Pennsylvania

5.4%

University of Southern California

5.4%

Harvard University

5.4%

University of Chicago

5.3%

Columbia University

5.0%

University of Texas at Austin

4.7%

Pennsylvania State University

4.6%

Cornell University

4.5%

Arizona State University

3.7%

Ohio State University

3.7%

Stanford University

3.7%

Pepperdine University

3.7%

University of Colorado at Boulder

3.7%

Syracuse University

3.6%

DePaul University

3.6%
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Majors

Business

37.3%

Finance

10.9%

Marketing

10.3%

Management

7.1%

Communication

4.2%

Political Science

4.0%

Economics

3.6%

Accounting

2.9%

Electrical Engineering

2.5%

Psychology

2.4%

Law

2.2%

Computer Science

1.9%

Education

1.8%

English

1.6%

Mechanical Engineering

1.4%

History

1.2%

General Sales

1.2%

International Business

1.1%

Biology

1.1%

Journalism

1.1%
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Degrees

Bachelors

43.7%

Masters

33.2%

Other

15.5%

Doctorate

3.0%

Certificate

2.2%

Associate

1.8%

Diploma

0.4%

License

0.2%
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Vice President, Business Development Videos

Elizabeth Warren Expresses Outrage Over Jamie Dimon's Salary at JP Morgan Chase

Mark Schulze Vice President of Business Development for Clover

Martin Kupper - VP of Business Development with www.powerteaminternational.com

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Real Vice President, Business Development Salaries

Job Title Company Location Start Date Salary
Executive VP-Global Business Development & Strategy KBR, Inc. Houston, TX Oct 13, 2016 $550,000
President International and EVP of Business Development Endo Pharmaceuticals Inc. Malvern, PA Mar 14, 2016 $550,000
President International and EVP of Business Development Endo Pharmaceuticals Inc. Malvern, PA Jan 08, 2016 $550,000
President, Business Development & Product Innovation Mediabrands Worldwide, Inc. New York, NY Sep 28, 2015 $400,000 -
$605,000
President, Business Development & Product Innovation Mediabrands Worldwide, Inc. New York, NY Feb 01, 2016 $400,000 -
$605,000
President, Business Development & Product Innovation Mediabrands Worldwide, Inc. New York, NY Jan 02, 2016 $400,000 -
$605,000
CFO & VP Business Development Harbar LLC Canton, MA Apr 29, 2016 $360,000
Senior Vice President, Business Development, Walmart US Wal-Mart Associates, Inc. Bentonville, AR Oct 01, 2015 $350,000 -
$450,000
VP International Business Development Northwell Health New York, NY Jan 03, 2016 $300,000
Vice Pres. of Business Development, Asia/Pacific Penske Truck Leasing Reading, PA Aug 28, 2015 $300,000
Senior VP of Business Development, Asia/Pacific Penske Truck Leasing Reading, PA Sep 09, 2015 $300,000
Vice President of Business Development Driftwood Dairy, Inc. El Monte, CA Oct 26, 2016 $200,000
Vice President, Business Development and Strategy Live Nation Worldwide Inc. New York, NY Feb 27, 2016 $200,000
VP Business Development-Natural Resources and Soils Omnis Global Technologies, LLC Santa Barbara, CA Dec 16, 2015 $200,000
Executive Vice President-Premium Mass Business Development Imperial Pacific International CNMI Jan 10, 2016 $200,000 -
$300,000
Vice President Business Development Roc-Connect Inc. Palo Alto, CA Jun 25, 2015 $200,000
Vice President Business Development PAG Holding Corporation Atlanta, GA Sep 16, 2015 $200,000
Senior Vice President, Business Development Whitney Intl University System Ltd D.B.A. Ilumno Miami, FL Nov 25, 2016 $200,000 -
$230,000
Vice President of Business Development Perfecto Mobile Inc. Woburn, MA Sep 15, 2015 $200,000
Vice President, Blackrock Solutions-Aladdin Business Development Blackrock Financial Management New York, NY Jun 15, 2016 $145,000
Vice President, Business Development and Sales BQE Partners, Inc. New York, NY Mar 21, 2016 $145,000 -
$160,000
VP-Sales and Business Development Scalable Network Technologies Culver City, CA Dec 10, 2016 $142,000 -
$152,000
Vice President of Finance & Business Development Project YX, LLC Santa Cruz, CA Sep 05, 2016 $141,835 -
$160,000
Vice President, Business Development Careset Systems, Inc. Houston, TX Nov 27, 2016 $141,200
Vice President of Business Development NWAY America, LLC San Francisco, CA Jun 15, 2015 $140,920
Executive Vice President Business Development GGI, Energy, Inc. Plano, TX Sep 22, 2015 $140,000 -
$150,000
VP, Business Development and Sales Shareablee Inc. New York, NY Oct 23, 2015 $140,000

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Top Skills for A Vice President, Business Development

  1. Business Development
  2. Revenue Growth
  3. Business Strategy
You can check out examples of real life uses of top skills on resumes here:
  • Spearhead business development initiatives that are consistent with the company's overall strategy.
  • Identify opportunities for incremental revenue growth.
  • Researched and analyzed hundreds of medical manufacturers to determine fit within defined business strategy; built and maintained targeted database.
  • Evaluated the effects of modifications in regulations, demographics or distribution methods on product development and research initiatives.
  • Developed go-to market strategy around industry verticals of wireless telecommunications, financial services, automotive and retail/e-commerce.

What is it like to work as a Vice President, Business Development

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Top 10 Best States for Vice Presidents, Business Development

  1. Texas
  2. Colorado
  3. Rhode Island
  4. Pennsylvania
  5. Illinois
  6. District of Columbia
  7. California
  8. Georgia
  9. South Dakota
  10. Connecticut
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Top Vice President, Business Development Employers

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Jobs From Top Vice President, Business Development Employers

Vice President, Business Development Videos

Elizabeth Warren Expresses Outrage Over Jamie Dimon's Salary at JP Morgan Chase

Mark Schulze Vice President of Business Development for Clover

Martin Kupper - VP of Business Development with www.powerteaminternational.com

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