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The differences between vice presidents, business development and directors new business development 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 director new business development takes usually requires 8-10 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $110,272 average annual salary of a director new business development.
The top three skills for a vice president, business development include healthcare, business strategy and revenue growth. The most important skills for a director new business development are business development, project management, and account management.
| Vice President, Business Development | Director New Business Development | |
| Yearly salary | $165,159 | $110,272 |
| Hourly rate | $79.40 | $53.02 |
| Growth rate | 6% | 10% |
| Number of jobs | 188,137 | 154,470 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| 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 director of new business development is in charge of spearheading new programs and procedures, ensuring efficiency and smooth workflow. It is their duty to set goals and objectives in adherence to the company's vision and mission, establishing guidelines, allocating budgets, and overseeing the progress of all efforts. Furthermore, as a director of new business development, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Vice presidents, business development and directors new business development have different pay scales, as shown below.
| Vice President, Business Development | Director New Business Development | |
| Average salary | $165,159 | $110,272 |
| Salary range | Between $104,000 And $262,000 | Between $72,000 And $168,000 |
| Highest paying City | Seattle, WA | Sacramento, CA |
| Highest paying state | Washington | California |
| Best paying company | Fanatics | Wpp Us Holdings Inc |
| Best paying industry | Manufacturing | Energy |
There are a few differences between a vice president, business development and a director new business development in terms of educational background:
| Vice President, Business Development | Director New Business Development | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between vice presidents, business development' and directors new business development' demographics:
| Vice President, Business Development | Director New Business Development | |
| Average age | 52 | 39 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 69.2% Female, 30.8% |
| 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% |