Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between vice presidents, business development and business development executives 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 executive takes usually requires 8-10 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $97,871 average annual salary of a business development executive.
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 executive are business development, digital transformation, and customer service.
| Vice President, Business Development | Business Development Executive | |
| Yearly salary | $165,159 | $97,871 |
| Hourly rate | $79.40 | $47.05 |
| Growth rate | 6% | 10% |
| Number of jobs | 188,137 | 189,950 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| Average age | 52 | 39 |
| Years of experience | - | 10 |
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 executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Vice presidents, business development and business development executives have different pay scales, as shown below.
| Vice President, Business Development | Business Development Executive | |
| Average salary | $165,159 | $97,871 |
| Salary range | Between $104,000 And $262,000 | Between $64,000 And $149,000 |
| Highest paying City | Seattle, WA | Phoenix, AZ |
| Highest paying state | Washington | Arizona |
| Best paying company | Fanatics | Clifford Chance |
| Best paying industry | Manufacturing | Pharmaceutical |
There are a few differences between a vice president, business development and a business development executive in terms of educational background:
| Vice President, Business Development | Business Development Executive | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between vice presidents, business development' and business development executives' demographics:
| Vice President, Business Development | Business Development Executive | |
| Average age | 52 | 39 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 63.8% Female, 36.2% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 10% |