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The differences between vice presidents, business development and business development account managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a vice president, business development, becoming a business development account manager takes usually requires 6-8 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for a vice president, business development include healthcare, business strategy and revenue growth. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Vice President, Business Development | Business Development Account Manager | |
| Yearly salary | $165,159 | $99,209 |
| Hourly rate | $79.40 | $47.70 |
| Growth rate | 6% | 5% |
| Number of jobs | 188,137 | 222,573 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 78% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
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.
A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Vice presidents, business development and business development account managers have different pay scales, as shown below.
| Vice President, Business Development | Business Development Account Manager | |
| Average salary | $165,159 | $99,209 |
| Salary range | Between $104,000 And $262,000 | Between $57,000 And $170,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | New Hampshire |
| Best paying company | Fanatics | Meta |
| Best paying industry | Manufacturing | - |
There are a few differences between a vice president, business development and a business development account manager in terms of educational background:
| Vice President, Business Development | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between vice presidents, business development' and business development account managers' demographics:
| Vice President, Business Development | Business Development Account Manager | |
| Average age | 52 | 46 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 62.4% Female, 37.6% |
| Race ratio | 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% | 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% |
| LGBT Percentage | 12% | 7% |