Salaries for Business Development VPs in the United States are generous, with average pay above six figures ($132K) per year. Total cash compensation to Business Development VPs bottoms out near $80K and approaches $243K on the high end; the biggest paychecks include approximately $60K from bonuses and almost $39K from profit sharing. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Male Business Development VPs are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. The majority of workers are highly satisfied with their job. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$71,700 - $201,683
$72K
$130K
$200K
MEDIAN: $131,638
10%
50%
90%

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$13.75 - $100.00
$14
$52
$100
MEDIAN: $52.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$90K$180K$270K
Salary
$71,700 - $201,683  
   
Bonus
$4,866 - $60,389  
Profit Sharing
$0.00 - $38,604  
Commission
$6,071 - $79,986  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$79,953 - $243,285  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 2,056
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$13.75 - $100.00  
   
Overtime
$25.38  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$4,866 - $60,389  
   
Commission
$6,071 - $79,986  
Profit Sharing
$0.00 - $38,604  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$79,953 - $243,285  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 14

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Vice President (VP), Business Development

One of the major responsibilities for vice presidents of business development is developing and executing company sales and marketing plans, including implementing new ideas and tools for the company. They provide direction and planning for the company and oversee the workings of the company. A vice president of business development must work closely with a team of salespeople, management and lower-level employees.

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Vice President (VP), Business Development Tasks

  • Oversee the formation of business partnerships and negotiation of contracts.
  • Lead company's planning and execution of strategies to increase sales and company growth.
  • Manage business development and sales staff.

Common Career Paths for Vice President (VP), Business Development


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While not commonly seen, Business Development VPs who transition into a Senior Vice President of Sales position may see a rise in pay. The median salary for Senior Vice Presidents of Sales is $192K per year. However, becoming a President or Chief Executive Officer is a more frequent transition for Business Development VPs.

Vice President (VP), Business Development Job Listings

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Popular Skills for Vice President (VP), Business Development


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Strategic Planning, Business Strategy, Strategy Development, and Product Development are correlated to pay that is above average, with boosts between 15 percent and 18 percent. At the other end of the pay range are skills like Technical Sales, Strategic Marketing, and Sales. Those familiar with Business Development also tend to know New Business Development, Sales Management, and Contract Negotiation. Most people familiar with Sales also know Sales Management.

Pay by Experience Level for Vice President (VP), Business Development

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Business Development VPs who reported more years of relevant experience also reported higher earnings. Relatively untried employees who have less than five years' experience make $100K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $135K. Business Development VPs with one to two decades of relevant experience report an average salary of approximately $160K. More than 20 years of experience mean a somewhat bigger median paycheck of $171K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $152,262

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 47 percent, Business Development VPs in San Francisco receive some of the highest pay in the country. Business Development VPs will also find cushy salaries in San Jose (+40 percent), Boston (+23 percent), Seattle (+21 percent), and Philadelphia (+17 percent). The smallest paychecks in the market, 5 percent south of the national average, can be found in Denver. Not at the bottom but still paying below the median are employers in Los Angeles and San Diego (2 percent lower and 1 percent lower, respectively).

Vice President (VP), Business Development Reviews

Q: What is it like working as a Vice President (VP), Business Development?

Vice President (VP), Business Development in Houston:
Pros: Empowering young girls to change the perceptions of themselves and that they can be anything. The high level of challenge to achieve near impossible goals. Constant evolution of education through completing challenges.
Cons: Company's core discipline changes too often. Financial stability of company is in question.

Related Job Salaries

Key Stats for Vice President (VP), Business Development

Gender

Female
26 %
Male
74 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 246 votes.
Less than 1 year
1%
1-4 years
8%
5-9 years
15%
10-19 years
38%
20 years or more
39%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Business Development Salaries



National Average
$152,000



Skills That Affect Vice President (VP), Business Development Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 246 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
15%
10-19 years
38%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 72%
vision benefits
Vision: 61%
dental benefits
None: 12%
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