What does a vice president, corporate development do?
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.
Vice president, corporate development responsibilities
Here are examples of responsibilities from real vice president, corporate development resumes:
- Lead restructuring/divestiture analysis of underperforming and strategically challenge traditional and digital business units helping to dramatically decrease EBITDA and market declines.
- Spearhead company's rebranding initiative - as part of UK governmental utility privatization program.
- Gain understanding of CEB research around leading-edge business and management practices in order to align current executive concerns with complete research.
- Train teams both on and offshore and restructure QA organization to account for missing skill sets and processes.
- Productize the first location base advertising platform for smartphones and navigation devices, LocationPoint.
Vice president, corporate development skills and personality traits
We calculated that 10% of Vice Presidents, Corporate Development are proficient in Due Diligence, Corporate Strategy, and Financial Analysis. They’re also known for soft skills such as Leadership skills, Management skills, and Problem-solving skills.
We break down the percentage of Vice Presidents, Corporate Development that have these skills listed on their resume here:
- Due Diligence, 10%
Develop partnerships for strategic alliances, establishing relationships with strategic business partners, due diligence in identifying and acquiring companies.
- Corporate Strategy, 8%
Led corporate strategy, new business development, and R&D for this $1.5 billion Graphics Arts industry manufacturer.
- Financial Analysis, 6%
Managed monthly financial reporting and financial analysis.
- Private Equity, 4%
Led strategy development in conjunction with the INTTRA private equity team to obtain required funding levels for growth initiatives.
- Project Management, 4%
Generated additional profits and reduced work-product development time by 40 hours per project by instituting a project management reporting structure.
- Corporate Development, 4%
Position identifies, evaluates and executes upon strategic opportunities in support of corporate development growth initiatives.
"due diligence," "corporate strategy," and "financial analysis" are among the most common skills that vice presidents, corporate development use at work. You can find even more vice president, corporate development responsibilities below, including:
Leadership skills. To carry out their duties, the most important skill for a vice president, corporate development to have is leadership skills. Their role and responsibilities require that "top executives must be able to shape and direct an organization by coordinating policies, people, and resources." Vice presidents, corporate development often use leadership skills in their day-to-day job, as shown by this real resume: "worked with individual business leadership teams to effectively develop, implement, and execute global corporate development strategies. "
Problem-solving skills. This is an important skill for vice presidents, corporate development to perform their duties. For an example of how vice president, corporate development responsibilities depend on this skill, consider that "top executives need to identify and resolve issues within an organization." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a vice president, corporate development: "design and development of comprehensive corporate strategy and training such as change management, conflict resolution, and train-the-trainer. ".
Time-management skills. For certain vice president, corporate development responsibilities to be completed, the job requires competence in "time-management skills." The day-to-day duties of a vice president, corporate development rely on this skill, as "top executives do many tasks concurrently to ensure that their work gets done and that the organization meets its goals." For example, this snippet was taken directly from a resume about how this skill applies to what vice presidents, corporate development do: "exceeded revenue objectives through tactical negotiations, meeting lease-up deadlines, and managing costs through value engineering and strategic partnerships. "
Communication skills. A commonly-found skill in vice president, corporate development job descriptions, "communication skills" is essential to what vice presidents, corporate development do. Vice president, corporate development responsibilities rely on this skill because "top executives must be able to convey information clearly and persuasively." You can also see how vice president, corporate development duties rely on communication skills in this resume example: "led development of earnings announcements, press releases, speeches and other communications. "
The three companies that hire the most vice president, corporate developments are:
- JPMorgan Chase & Co.5 vice presidents, corporate development jobs
- Zones3 vice presidents, corporate development jobs
- BlackLine2 vice presidents, corporate development jobs
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Compare different vice presidents, corporate development
Vice president, corporate development vs. 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. Among their duties include developing strategies and guidelines, reviewing reports, performing assessments, and implementing the company's policies, standards, and regulations. Additionally, they lead and empower staff to reach goals, helping solve issues and concerns when any arise.
There are some key differences in the responsibilities of each position. For example, vice president, corporate development responsibilities require skills like "corporate strategy," "financial analysis," "private equity," and "project management." Meanwhile a typical chief operating officer has skills in areas such as "customer service," "oversight," "financial management," and "business strategies." This difference in skills reveals the differences in what each career does.
Chief operating officers tend to make the most money working in the manufacturing industry, where they earn an average salary of $150,784. In contrast, vice presidents, corporate development make the biggest average salary, $196,526, in the technology industry.chief operating officers tend to reach lower levels of education than vice presidents, corporate development. In fact, chief operating officers are 5.5% less likely to graduate with a Master's Degree and 1.5% less likely to have a Doctoral Degree.Vice president, corporate development vs. Chief executive officer
A chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
Each career also uses different skills, according to real vice president, corporate development resumes. While vice president, corporate development responsibilities can utilize skills like "corporate strategy," "financial analysis," "private equity," and "project management," chief executive officers use skills like "patients," "patient care," "customer service," and "financial management."
Chief executive officers may earn a lower salary than vice presidents, corporate development, but chief executive officers earn the most pay in the start-up industry with an average salary of $183,901. On the other hand, vice presidents, corporate development receive higher pay in the technology industry, where they earn an average salary of $196,526.chief executive officers earn lower levels of education than vice presidents, corporate development in general. They're 7.8% less likely to graduate with a Master's Degree and 1.5% less likely to earn a Doctoral Degree.Vice president, corporate development vs. 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. Furthermore, a Managing Director must coordinate with those in a higher position, such as the members of the board.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a vice president, corporate development is likely to be skilled in "corporate strategy," "corporate development," "mergers," and "acquisition targets," while a typical managing director is skilled in "portfolio," "oversight," "customer service," and "financial services."
Managing directors earn the highest salary when working in the finance industry, where they receive an average salary of $177,065. Comparatively, vice presidents, corporate development have the highest earning potential in the technology industry, with an average salary of $196,526.When it comes to education, managing directors tend to earn lower degree levels compared to vice presidents, corporate development. In fact, they're 5.2% less likely to earn a Master's Degree, and 1.7% less likely to graduate with a Doctoral Degree.Vice president, corporate development vs. Division director
A division director is an individual who is responsible for managing team members and business operations that are assigned in his/her or her division to achieve the goals of a company. Division directors are required to evaluate division performance and ensure that the team's work complies with the company policies and procedures. They must lead new business development efforts with customers or brokers and should work closely with legal to ensure the protection of the company's interest. Division directors also assist in employee recruitment and provide training to the team if there are skill gaps.
Even though a few skill sets overlap between vice presidents, corporate development and division directors, there are some differences that are important to note. For one, a vice president, corporate development might have more use for skills like "due diligence," "corporate strategy," "financial analysis," and "private equity." Meanwhile, some responsibilities of division directors require skills like "client relationships," "customer service," "oversight," and "patients. "
The finance industry tends to pay the highest salaries for division directors, with average annual pay of $161,467. Comparatively, the highest vice president, corporate development annual salary comes from the technology industry.In general, division directors hold lower degree levels compared to vice presidents, corporate development. Division directors are 6.4% less likely to earn their Master's Degree and 1.6% less likely to graduate with a Doctoral Degree.Types of vice president, corporate development
Updated January 8, 2025
