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The differences between vice presidents product development and directors new business development can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a vice president product development and a director new business development. Additionally, a vice president product development has an average salary of $168,835, which is higher than the $110,272 average annual salary of a director new business development.
The top three skills for a vice president product development include product development, R and analytics. The most important skills for a director new business development are business development, project management, and account management.
| Vice President Product Development | Director New Business Development | |
| Yearly salary | $168,835 | $110,272 |
| Hourly rate | $81.17 | $53.02 |
| Growth rate | 10% | 10% |
| Number of jobs | 180,783 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A vice president for product development is responsible for leading the product development team in the execution of development activities to enhance the product's brand image in the market and achieve the sales performance target. Vice presidents for product development monitor the product development techniques from the conceptualization to the final execution and market release. They also handle the budget and resource allocation to support product development operations, ensuring that the outputs meet the quality standards and timetables.
A director of new business development is in charge of spearheading new programs and procedures, ensuring efficiency and smooth workflow. It is their duty to set goals and objectives in adherence to the company's vision and mission, establishing guidelines, allocating budgets, and overseeing the progress of all efforts. Furthermore, as a director of new business development, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Vice presidents product development and directors new business development have different pay scales, as shown below.
| Vice President Product Development | Director New Business Development | |
| Average salary | $168,835 | $110,272 |
| Salary range | Between $109,000 And $259,000 | Between $72,000 And $168,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | Washington | California |
| Best paying company | Wpp Us Holdings Inc | |
| Best paying industry | Technology | Energy |
There are a few differences between a vice president product development and a director new business development in terms of educational background:
| Vice President Product Development | Director New Business Development | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between vice presidents product development' and directors new business development' demographics:
| Vice President Product Development | Director New Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 78.1% Female, 21.9% | Male, 69.2% Female, 30.8% |
| Race ratio | 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% | 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 | 10% | 10% |