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The differences between vice presidents, business development and directors of sales & 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 of sales & business development takes usually requires 6-8 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $82,585 average annual salary of a director of sales & 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 of sales & business development are value proposition, sales cycle, and CRM.
| Vice President, Business Development | Director Of Sales & Business Development | |
| Yearly salary | $165,159 | $82,585 |
| Hourly rate | $79.40 | $39.70 |
| Growth rate | 6% | 5% |
| Number of jobs | 188,137 | 163,561 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 79% |
| Average age | 52 | 46 |
| Years of experience | - | 8 |
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 sales & business development is responsible for monitoring the business and project plans, ensuring that the sales targets are met, according to project requirements and specifications. Directors of sales & business development perform data analysis to track business performance and identify opportunities to grow revenues and profits. They also coordinate with the clients and maintain healthy business relationships by enhancing their brand image on various platforms and reach the target audience. A director of sales & business development works closely with the marketing and sales team for public relations and marketing campaigns placement.
Vice presidents, business development and directors of sales & business development have different pay scales, as shown below.
| Vice President, Business Development | Director Of Sales & Business Development | |
| Average salary | $165,159 | $82,585 |
| Salary range | Between $104,000 And $262,000 | Between $38,000 And $176,000 |
| Highest paying City | Seattle, WA | Arlington, VA |
| Highest paying state | Washington | Oregon |
| Best paying company | Fanatics | Mastercard |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a vice president, business development and a director of sales & business development in terms of educational background:
| Vice President, Business Development | Director Of Sales & Business Development | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 79% |
| 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 directors of sales & business development' demographics:
| Vice President, Business Development | Director Of Sales & Business Development | |
| Average age | 52 | 46 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 81.5% Female, 18.5% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 7% |