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Vice president, corporate development hiring summary. Here are some key points about hiring vice presidents, corporate development in the United States:
Here's a step-by-step vice president, corporate development hiring guide:
A vice president of corporate development is responsible for implementing corporate decisions and strategies that would help the organization grow and develop to match global competitiveness. Vice presidents of corporate development monitor the operational process across the organization, identify areas of improvement, and modify project procedures according to quality standards and business requirements. They coordinate with the senior management and stakeholders to determine the necessary actions and opportunities to increase the company's revenues and market presence.
Before you start hiring a vice president, corporate development, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them a vice president, corporate development to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a vice president, corporate development that fits the bill.
The following list breaks down different types of vice presidents, corporate development and their corresponding salaries.
| Type of Vice President, Corporate Development | Description | Hourly rate |
|---|---|---|
| Vice President, Corporate Development | 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. | $61-157 |
| Chief Operating Officer | A chief operating officer, also known as a COO, is a high-ranking official who oversees a company or organization's daily administrative and overall operations. They are typically the second in the chain of command, reporting directly to the company's chief executive officer, also known as a CEO... Show more | $38-110 |
| Managing Director | A Managing Director oversees workflow and progress, making sure that all operations align within the company or organization's mission or set of goals. They are responsible for crafting strategies, devising effective business plans, and executing guidelines that would nurture a company's growth, and as well as to be the driving force that would direct employees to the company's objectives... Show more | $34-112 |
Including a salary range in your vice president, corporate development job description is one of the best ways to attract top talent. A vice president, corporate development can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $313,090 | $151 |
| 2 | Illinois | $245,385 | $118 |
| 3 | California | $241,536 | $116 |
| 4 | District of Columbia | $229,645 | $110 |
| 5 | Maryland | $228,352 | $110 |
| 6 | New Jersey | $221,082 | $106 |
| 7 | Missouri | $217,589 | $105 |
| 8 | New York | $211,874 | $102 |
| 9 | Colorado | $211,365 | $102 |
| 10 | Pennsylvania | $209,560 | $101 |
| 11 | Connecticut | $206,917 | $99 |
| 12 | Arizona | $204,453 | $98 |
| 13 | Massachusetts | $202,612 | $97 |
| 14 | Nebraska | $197,335 | $95 |
| 15 | Texas | $186,768 | $90 |
| 16 | Florida | $183,695 | $88 |
| 17 | Georgia | $175,614 | $84 |
| 18 | West Virginia | $169,177 | $81 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Scripps Health | $265,821 | $127.80 | 3 |
| 2 | Children's Hospital New Orleans | $243,537 | $117.09 | |
| 3 | F5 | $239,766 | $115.27 | |
| 4 | Select Business Solutions | $233,157 | $112.09 | |
| 5 | Expedia Group | $227,185 | $109.22 | 12 |
| 6 | Concentrix | $223,540 | $107.47 | 30 |
| 7 | Global Atlantic Financial Group Limited | $223,462 | $107.43 | 11 |
| 8 | Koch Industries | $221,998 | $106.73 | |
| 9 | Newell Brands | $221,552 | $106.52 | |
| 10 | Realogy | $219,216 | $105.39 | |
| 11 | Seagen | $217,677 | $104.65 | |
| 12 | Forrester | $216,138 | $103.91 | 7 |
| 13 | Proxibid | $214,233 | $103.00 | |
| 14 | Warner Music Group | $213,872 | $102.82 | 10 |
| 15 | Condé Nast | $213,393 | $102.59 | |
| 16 | Forge Global | $209,928 | $100.93 | |
| 17 | *n/a* | $209,759 | $100.85 | 5 |
| 18 | AllianceBernstein | $209,757 | $100.84 | 16 |
| 19 | AppDirect | $209,751 | $100.84 | 1 |
| 20 | Transfix | $209,748 | $100.84 |
A good vice president, corporate development job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a vice president, corporate development job description:
There are various strategies that you can use to find the right vice president, corporate development for your business:
Recruiting vice presidents, corporate development requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the vice president, corporate development candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
To prepare for the new vice president, corporate development first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring vice presidents, corporate development. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new vice president, corporate development employee.
You can expect to pay around $205,849 per year for a vice president, corporate development, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for vice presidents, corporate development in the US typically range between $61 and $157 an hour.