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The differences between vice presidents, business development and vice presidents, strategy 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 vice president, strategy takes usually requires 8-10 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $164,392 average annual salary of a vice president, strategy.
The top three skills for a vice president, business development include healthcare, business strategy and revenue growth. The most important skills for a vice president, strategy are analytics, project management, and healthcare.
| Vice President, Business Development | Vice President, Strategy | |
| Yearly salary | $165,159 | $164,392 |
| Hourly rate | $79.40 | $79.03 |
| Growth rate | 6% | 10% |
| Number of jobs | 188,137 | 60,332 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| 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 vice president of strategy is responsible for delegating and reviewing market target research and assessing the areas that a company should focus on for further development. The position requires strong management and leadership skills to supervise a team of customer research specialists. Other essential skills that a vice president of strategy should possess to accomplish his/her or her responsibilities include knowledge of computer analytic software and data visualization and excellent communication skills. A four-year college degree is the minimum education requirement for the position.
Vice presidents, business development and vice presidents, strategy have different pay scales, as shown below.
| Vice President, Business Development | Vice President, Strategy | |
| Average salary | $165,159 | $164,392 |
| Salary range | Between $104,000 And $262,000 | Between $114,000 And $236,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Alaska |
| Best paying company | Fanatics | Brandywine Realty Trust |
| Best paying industry | Manufacturing | Insurance |
There are a few differences between a vice president, business development and a vice president, strategy in terms of educational background:
| Vice President, Business Development | Vice President, Strategy | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between vice presidents, business development' and vice presidents, strategy' demographics:
| Vice President, Business Development | Vice President, Strategy | |
| Average age | 52 | 39 |
| Gender ratio | Male, 81.3% Female, 18.7% | Male, 73.6% Female, 26.4% |
| 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% |