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The differences between vice presidents, business development and heads of 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 head of 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 $134,190 average annual salary of a head of 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 head of business development are cloud, C++, and project management.
| Vice President, Business Development | Head Of Business Development | |
| Yearly salary | $165,159 | $134,190 |
| Hourly rate | $79.40 | $64.51 |
| Growth rate | 6% | 10% |
| Number of jobs | 188,137 | 158,539 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 63% |
| 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 head of business development is responsible for monitoring the company's overall business operations and client transactions. Heads of business development coordinate with clients for their requirements and specifications and develop the team to handle the project management operations. They also handle the budget and resource allocations and ensure that the team meets the deadline and high-quality deliverables on time. Ahead of business development must be regularly updated with the current market trends to identify opportunities that would generate more revenue resources for the business.
Vice presidents, business development and heads of business development have different pay scales, as shown below.
| Vice President, Business Development | Head Of Business Development | |
| Average salary | $165,159 | $134,190 |
| Salary range | Between $104,000 And $262,000 | Between $94,000 And $191,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Fanatics | Meta |
| Best paying industry | Manufacturing | Telecommunication |
There are a few differences between a vice president, business development and a head of business development in terms of educational background:
| Vice President, Business Development | Head Of Business Development | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between vice presidents, business development' and heads of business development' demographics:
| Vice President, Business Development | Head Of Business Development | |
| Average age | 52 | 39 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 74.2% Female, 25.8% |
| 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% |