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The differences between vice presidents, business development and senior business development managers 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 senior business development manager takes usually requires 8-10 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $129,638 average annual salary of a senior business development manager.
The top three skills for a vice president, business development include healthcare, business strategy and revenue growth. The most important skills for a senior business development manager are healthcare, cloud, and business relationships.
| Vice President, Business Development | Senior Business Development Manager | |
| Yearly salary | $165,159 | $129,638 |
| Hourly rate | $79.40 | $62.33 |
| Growth rate | 6% | 10% |
| Number of jobs | 188,137 | 204,172 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| 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.
As senior business development manager is mainly responsible for creating and maintaining solid relationships and making business decisions. They do plan ways to grow the business, find areas of client needs, manage business negotiations, and review and approve other business decisions. It is expected in their job to seamlessly complete target deadlines and delegate tasks to subordinates. Moreover, they should be able to have good working relationships with employees and clients, so good communication and interpersonal skills are necessary.
Vice presidents, business development and senior business development managers have different pay scales, as shown below.
| Vice President, Business Development | Senior Business Development Manager | |
| Average salary | $165,159 | $129,638 |
| Salary range | Between $104,000 And $262,000 | Between $94,000 And $178,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Fanatics | Shearman & Sterling |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a vice president, business development and a senior business development manager in terms of educational background:
| Vice President, Business Development | Senior Business Development Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between vice presidents, business development' and senior business development managers' demographics:
| Vice President, Business Development | Senior Business Development Manager | |
| Average age | 52 | 39 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 74.8% Female, 25.2% |
| 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% |