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The differences between vice presidents, business development and business development consultants 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 $85,153 average annual salary of a business development consultant.
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 consultant are healthcare, CRM, and cloud.
| Vice President, Business Development | Business Development Consultant | |
| Yearly salary | $165,159 | $85,153 |
| Hourly rate | $79.40 | $40.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 188,137 | 168,111 |
| Job satisfaction | 5 | 5 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| 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.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Vice presidents, business development and business development consultants have different pay scales, as shown below.
| Vice President, Business Development | Business Development Consultant | |
| Average salary | $165,159 | $85,153 |
| Salary range | Between $104,000 And $262,000 | Between $52,000 And $137,000 |
| Highest paying City | Seattle, WA | Minneapolis, MN |
| Highest paying state | Washington | Pennsylvania |
| Best paying company | Fanatics | Veeva Systems |
| Best paying industry | Manufacturing | Media |
There are a few differences between a vice president, business development and a business development consultant in terms of educational background:
| Vice President, Business Development | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between vice presidents, business development' and business development consultants' demographics:
| Vice President, Business Development | Business Development Consultant | |
| Average age | 52 | 44 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 64.1% Female, 35.9% |
| 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% |