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The differences between vice presidents, merchandising and vice presidents, business development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a vice president, merchandising, becoming a vice president, business development takes usually requires More than 10 years. Additionally, a vice president, merchandising has an average salary of $194,178, which is higher than the $165,159 average annual salary of a vice president, business development.
The top three skills for a vice president, merchandising include apparel, sales growth and gross margin. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Vice President, Merchandising | Vice President, Business Development | |
| Yearly salary | $194,178 | $165,159 |
| Hourly rate | $93.35 | $79.40 |
| Growth rate | 6% | 6% |
| Number of jobs | 42,803 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 73% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
Merchandising is everything that happens from when a product is delivered to a retail store to when a shopper buys it from the shelf. A vice president of merchandising promotes the services and products of their company at events like exhibits, concerts, or retail outlets. They are tasked with creating plans for the introduction and promotion of new products based on customer research. Also, they analyze market trends and observe the behavior of competitors to develop strategies for product promotion.
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.
Vice presidents, merchandising and vice presidents, business development have different pay scales, as shown below.
| Vice President, Merchandising | Vice President, Business Development | |
| Average salary | $194,178 | $165,159 |
| Salary range | Between $131,000 And $286,000 | Between $104,000 And $262,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Alaska | Washington |
| Best paying company | Altar'd State | Fanatics |
| Best paying industry | Retail | Manufacturing |
There are a few differences between a vice president, merchandising and a vice president, business development in terms of educational background:
| Vice President, Merchandising | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between vice presidents, merchandising' and vice presidents, business development' demographics:
| Vice President, Merchandising | Vice President, Business Development | |
| Average age | 44 | 52 |
| Gender ratio | Male, 65.0% Female, 35.0% | Male, 81.3% Female, 18.7% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% | 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% |
| LGBT Percentage | 10% | 12% |