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The differences between vice presidents of research and development and heads of business development 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 of research and development, becoming a head of business development takes usually requires 8-10 years. Additionally, a vice president of research and development has an average salary of $170,226, which is higher than the $134,190 average annual salary of a head of business development.
The top three skills for a vice president of research and development include R, product development and project management. The most important skills for a head of business development are cloud, C++, and project management.
| Vice President Of Research And Development | Head Of Business Development | |
| Yearly salary | $170,226 | $134,190 |
| Hourly rate | $81.84 | $64.51 |
| Growth rate | 2% | 10% |
| Number of jobs | 120,333 | 158,539 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 63% |
| Average age | 48 | 39 |
| Years of experience | - | 10 |
A vice president of research and development will lead a team of engineers in developing innovative products on time and on budget. This role will require you to perform a variety of tasks that include executing the company's overall technology vision, managing the appropriate development methodologies, and creating an organizational structure that will drive a high performing development team to deliver high-quality solutions to the market. In addition, you will be responsible for attracting, developing, and retaining top talent for the research and development function.
A head of business development is responsible for monitoring the company's overall business operations and client transactions. Heads of business development coordinate with clients for their requirements and specifications and develop the team to handle the project management operations. They also handle the budget and resource allocations and ensure that the team meets the deadline and high-quality deliverables on time. Ahead of business development must be regularly updated with the current market trends to identify opportunities that would generate more revenue resources for the business.
Vice presidents of research and development and heads of business development have different pay scales, as shown below.
| Vice President Of Research And Development | Head Of Business Development | |
| Average salary | $170,226 | $134,190 |
| Salary range | Between $114,000 And $253,000 | Between $94,000 And $191,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Organon | Meta |
| Best paying industry | Finance | Telecommunication |
There are a few differences between a vice president of research and development and a head of business development in terms of educational background:
| Vice President Of Research And Development | Head Of Business Development | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 63% |
| Most common major | Electrical Engineering | Business |
| Most common college | University of Michigan - Ann Arbor | University of Georgia |
Here are the differences between vice presidents of research and development' and heads of business development' demographics:
| Vice President Of Research And Development | Head Of Business Development | |
| Average age | 48 | 39 |
| Gender ratio | Male, 85.0% Female, 15.0% | Male, 74.2% Female, 25.8% |
| Race ratio | Black or African American, 3.1% Unknown, 4.6% Hispanic or Latino, 8.7% Asian, 14.2% White, 69.2% American Indian and Alaska Native, 0.2% | 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 | 9% | 10% |