Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between vice presidents, business development and business development associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $65,126 average annual salary of a business development associate.
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 associate are customer service, powerpoint, and project management.
| Vice President, Business Development | Business Development Associate | |
| Yearly salary | $165,159 | $65,126 |
| Hourly rate | $79.40 | $31.31 |
| Growth rate | 6% | 10% |
| Number of jobs | 188,137 | 141,089 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 78% |
| Average age | 52 | 44 |
| Years of experience | - | - |
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 associate's role is to develop strategies to boost a company's sales and overall growth. They are primarily responsible for conducting research and analysis to identify clients' needs, participate in creating business plans and products, and produce progress reports and presentations. A business development associate must also maintain a database of customer information, arrange meetings between clients, coordinate with marketing staff, and assist in negotiations. Furthermore, it is essential to adhere to the policies and standards of the company.
Vice presidents, business development and business development associates have different pay scales, as shown below.
| Vice President, Business Development | Business Development Associate | |
| Average salary | $165,159 | $65,126 |
| Salary range | Between $104,000 And $262,000 | Between $39,000 And $106,000 |
| Highest paying City | Seattle, WA | Greenwich, CT |
| Highest paying state | Washington | Connecticut |
| Best paying company | Fanatics | Kirkland & Ellis |
| Best paying industry | Manufacturing | Automotive |
There are a few differences between a vice president, business development and a business development associate in terms of educational background:
| Vice President, Business Development | Business Development Associate | |
| 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 associates' demographics:
| Vice President, Business Development | Business Development Associate | |
| Average age | 52 | 44 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 54.5% Female, 45.5% |
| 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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 12% | 11% |