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Become A Vice President, Corporate Development

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Working As A Vice President, Corporate Development

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Communicating with Persons Outside Organization
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Make Decisions

  • $130,000

    Average Salary

What Does A Vice President, Corporate Development Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Vice President, Corporate Development

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Vice President, Corporate Development Career Paths

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Average Length of Employment
Vice President 4.2 years
Corporate Manager 3.7 years
Top Careers Before Vice President, Corporate Development
Director 6.9%
Associate 6.2%
Manager 4.4%
President 3.9%
Consultant 3.7%
Top Careers After Vice President, Corporate Development
Principal 6.5%
President 6.0%
Consultant 4.0%
Director 3.4%
Partner 3.3%

Do you work as a Vice President, Corporate Development?

Vice President, Corporate Development Demographics

Gender

Male

76.4%

Female

16.1%

Unknown

7.5%
Ethnicity

White

62.3%

Hispanic or Latino

13.1%

Black or African American

11.4%

Asian

9.1%

Unknown

4.0%
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Foreign Languages Spoken

Spanish

22.0%

French

14.0%

Chinese

10.0%

Mandarin

8.0%

Italian

8.0%

German

6.0%

Korean

6.0%

Japanese

4.0%

Carrier

4.0%

Russian

4.0%

Portuguese

2.0%

Ukrainian

2.0%

Dakota

2.0%

Cherokee

2.0%

Hopi

2.0%

Polish

2.0%

Navajo

2.0%
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Vice President, Corporate Development Education

Schools

University of Pennsylvania

9.4%

University of Chicago

8.7%

Columbia University

8.3%

Harvard University

8.0%

Northwestern University

7.6%

New York University

6.9%

Cornell University

5.8%

University of Michigan - Ann Arbor

5.1%

Stanford University

4.7%

University of Phoenix

4.3%

University of Southern California

3.6%

Boston University

3.6%

George Washington University

3.3%

Dartmouth College

3.3%

University of Virginia

3.3%

University of California - Berkeley

2.9%

Georgetown University

2.9%

Johns Hopkins University

2.9%

Yale University

2.9%

Michigan State University

2.5%
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Majors

Business

31.3%

Finance

21.0%

Accounting

8.2%

Marketing

6.5%

Management

5.9%

Law

5.8%

Economics

3.9%

Electrical Engineering

2.1%

Political Science

1.9%

Legal Research And Advanced Professional Studies

1.5%

Education

1.5%

English

1.5%

Human Resources Management

1.5%

Communication

1.3%

Mechanical Engineering

1.2%

Health Care Administration

1.2%

Computer Information Systems

1.1%

International Business

0.9%

Pharmacy

0.9%

Psychology

0.9%
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Degrees

Masters

47.1%

Bachelors

31.9%

Other

9.9%

Doctorate

7.9%

Certificate

1.9%

Associate

0.8%

Diploma

0.3%

License

0.1%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$130,000
View Detailed Salary Report
$72,000
Min 10%
$130,000
Median 50%
$130,000
Median 50%
$130,000
Median 50%
$130,000
Median 50%
$130,000
Median 50%
$130,000
Median 50%
$130,000
Median 50%
$233,000
Max 90%
Best Paying Company
RailAmerica
Highest Paying City
Boulder, CO
Highest Paying State
Wyoming
Avg Experience Level
3.7 years
How much does a Vice President, Corporate Development make at top companies?
The national average salary for a Vice President, Corporate Development in the United States is $130,479 per year or $63 per hour. Those in the bottom 10 percent make under $72,000 a year, and the top 10 percent make over $233,000.

Real Vice President, Corporate Development Salaries

Job Title Company Location Start Date Salary
EVP, Corporate Development and Strategy Endo Pharmaceuticals Inc. Malvern, PA Sep 24, 2014 $500,000
Vice President, Corporate Development Cf Industries Employee Services, LLC Deerfield, IL Nov 14, 2016 $425,000
Vice President, Corporate Development Cf Industries Enterprises, Inc. Deerfield, IL Mar 02, 2015 $400,000
Vice President, Corporate Development Cf Industries Enterprises, Inc. Deerfield, IL Mar 09, 2015 $400,000
Vice President, Corporate Development Cf Industries Enterprises, Inc. Deerfield, IL May 25, 2013 $380,000
Vice President, Corporate Development Cf Industries Enterprises, Inc. Deerfield, IL Sep 05, 2014 $380,000
Vice President, Corporate Development Meridian Energy Group, Inc. Houston, TX May 05, 2016 $375,660
Executive V.P., Corporate Development & Investment Relations Hemisphere Media Group, Inc. Coral Gables, FL Aug 03, 2015 $350,000
Executive V.P., Corporate Development & Investor Relations Hemisphere Media Group, Inc. Coral Gables, FL Dec 21, 2015 $350,000
SR. Vice President of Corporate Development Panet Services (USA), Inc. San Francisco, CA Jan 04, 2016 $342,336
SR. Vice President of Corporate Development Pacnet Services (USA), Inc. San Francisco, CA Jan 04, 2016 $342,336
SR. Vice President of Corporate Development Pacnet Services (USA), Inc. San Francisco, CA Sep 01, 2014 $296,296
SR. Vice President of Corporate Development Pacnet Cable (USA), Inc. Walnut Creek, CA Apr 22, 2015 $296,296
VP, Corporate Business Development Agility Holdings, Inc. Belmont, CA Oct 01, 2011 $225,000
Vice President, Corporate Business Development Agility Holdings, Inc. Burlingame, CA Aug 02, 2013 $225,000
Vice President, Corporate Development Jarden Corporation Norwalk, CT Apr 08, 2015 $221,000 -
$275,000
Vice President, Corporate Development Jarden Corporation Norwalk, CT Jun 16, 2016 $221,000 -
$275,000
Vice President, Corporate Development Jarden Corporation Rye, NY Jun 16, 2015 $221,000 -
$275,000
VP, Corporate & Strategic Develop. & Intellectual Scynexis, Inc. Durham, NC Sep 02, 2010 $220,000
Executive Vice President, Corporate Development Sensorconnect, Inc. San Mateo, CA May 01, 2010 $215,000
Vice President, Corporate Development and Legal Affairs Fiera Axium Infrastructure Us Inc. New York, NY Mar 10, 2015 $187,830
Vice President, Corporate Development Rogue Wave Software, Inc. Boulder, CO Nov 20, 2015 $187,500
VP, Corporate Development Rogue Wave Software, Inc. Boulder, CO Sep 25, 2014 $187,500
Vice President of Corporate Development Verato, Inc. McLean, VA Oct 14, 2016 $186,701 -
$190,000
VP Investor Relations and Corporate Development Wandisco San Ramon, CA May 27, 2016 $182,853 -
$188,700
Vice President of Corporate Development The Carlyle Group Employee Co. LLC New York, NY Jul 12, 2015 $180,250
VP of International Corporate Development & Market 12 Gigs LLC San Francisco, CA Oct 01, 2011 $180,000
SVP, Strategy & Corporate Development Gerson Lehrman Group, Inc. New York, NY Jul 08, 2014 $177,403 -
$220,000

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Top Skills for A Vice President, Corporate Development

  1. Sales Strategies
  2. Business Development
  3. Revenue Growth
You can check out examples of real life uses of top skills on resumes here:
  • Developed and led marketing manager in implementing marketing and sales strategies for consumer and commercial segments.
  • Full accountability for Sales, Marketing and Business Development for leading-edge, rapid growth telecommunications firm supporting major Government network deployments.
  • Led cross-functional team analyzing market trends, estimating revenue growth and investment requirements, and developing profit projections.
  • Analyze financial statements to determine value of business to prepare the company for a potential sale.
  • Managed and supervised business and corporate development activities (including co-branding, private label deals).

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Top 10 Best States for Vice Presidents, Corporate Development

  1. South Dakota
  2. Rhode Island
  3. District of Columbia
  4. Illinois
  5. Texas
  6. New Jersey
  7. Massachusetts
  8. Virginia
  9. Pennsylvania
  10. Nevada
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