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The differences between vice presidents, strategy and business directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a vice president, strategy, becoming a business director takes usually requires 4-6 years. Additionally, a vice president, strategy has an average salary of $164,392, which is higher than the $124,563 average annual salary of a business director.
The top three skills for a vice president, strategy include analytics, project management and healthcare. The most important skills for a business director are project management, healthcare, and sigma.
| Vice President, Strategy | Business Director | |
| Yearly salary | $164,392 | $124,563 |
| Hourly rate | $79.03 | $59.89 |
| Growth rate | 10% | 6% |
| Number of jobs | 60,332 | 137,880 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Average age | 39 | 44 |
| Years of experience | 10 | 6 |
A vice president of strategy is responsible for delegating and reviewing market target research and assessing the areas that a company should focus on for further development. The position requires strong management and leadership skills to supervise a team of customer research specialists. Other essential skills that a vice president of strategy should possess to accomplish his/her or her responsibilities include knowledge of computer analytic software and data visualization and excellent communication skills. A four-year college degree is the minimum education requirement for the position.
Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.
Vice presidents, strategy and business directors have different pay scales, as shown below.
| Vice President, Strategy | Business Director | |
| Average salary | $164,392 | $124,563 |
| Salary range | Between $114,000 And $236,000 | Between $86,000 And $178,000 |
| Highest paying City | San Francisco, CA | Providence, RI |
| Highest paying state | Alaska | Rhode Island |
| Best paying company | Brandywine Realty Trust | Ep Energy |
| Best paying industry | Insurance | Finance |
There are a few differences between a vice president, strategy and a business director in terms of educational background:
| Vice President, Strategy | Business Director | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between vice presidents, strategy' and business directors' demographics:
| Vice President, Strategy | Business Director | |
| Average age | 39 | 44 |
| Gender ratio | Male, 73.6% Female, 26.4% | Male, 63.3% Female, 36.7% |
| 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, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 68.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |