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The differences between vice presidents, business development and business development specialists 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 $57,410 average annual salary of a business development specialist.
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 specialist are work ethic, CRM, and customer service.
| Vice President, Business Development | Business Development Specialist | |
| Yearly salary | $165,159 | $57,410 |
| Hourly rate | $79.40 | $27.60 |
| Growth rate | 6% | 10% |
| Number of jobs | 188,137 | 182,116 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| 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 specialist is an expert who determines opportunities for marketing strategy optimization and business growth. The specialists perform business process and financial analysis, effective network creation, and business plan implementation. Being a good business development specialist requires knowledge and experience in managing a business. The skillset for the position includes a strong command in English, information technology, attention to detail, and written and verbal communication.
Vice presidents, business development and business development specialists have different pay scales, as shown below.
| Vice President, Business Development | Business Development Specialist | |
| Average salary | $165,159 | $57,410 |
| Salary range | Between $104,000 And $262,000 | Between $38,000 And $85,000 |
| Highest paying City | Seattle, WA | Jersey City, NJ |
| Highest paying state | Washington | Wisconsin |
| Best paying company | Fanatics | Corsair |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a vice president, business development and a business development specialist in terms of educational background:
| Vice President, Business Development | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| 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 specialists' demographics:
| Vice President, Business Development | Business Development Specialist | |
| Average age | 52 | 44 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 50.7% Female, 49.3% |
| 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% |