Vice President (VP), Business Development Salary

Business Development VPs in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $135K) surpassing six figures annually. In the world of Business Development VPs, total cash compensation can vary between $80K and $245K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $61K and $50K, respectively. Geography and career length each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The majority of workers are highly satisfied with their job. 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. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$71,956 - $202,361
$72K
$130K
$200K
MEDIAN: $134,612
10%
50%
90%

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$12.88 - $96.96
$13
$51
$97
MEDIAN: $50.87
10%
50%
90%

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$0$245K
Salary $71,956 - $202,361
Bonus $4,856 - $61,455
Profit Sharing $0.00 - $49,616
Commission $6,878 - $81,094
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).
)
$79,930 - $245,482
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 2,100
Hourly Data $0$96
Hourly Rate $12.88 - $96.96
Overtime $27.25
Annual Data $0$245K
Bonus $4,856 - $61,455
Commission $6,878 - $81,094
Profit Sharing $0.00 - $49,616
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).
)
$79,930 - $245,482
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 13

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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. Given that the median pay is $153K, it may be surprising to find that a President is the most common role for Business Development VPs to subsequently assume on their way up the ladder. Transitioning into a Chief Executive Officer role — which pays $170K — is also typical for Business Development VPs, though less common by comparison.

Vice President (VP), Business Development Job Listings

Popular Skills for Vice President (VP), Business Development


Business Development VPs seem to wield many skills on the job. Most notably, skills in Business Strategy, Strategic Planning, Strategy Development, and New Business Development are correlated to pay that is above average, with boosts between 11 percent and 14 percent. Skills that are correlated to lower pay, on the other hand, include Strategic Marketing, Operations Management, and Technical Sales. Those familiar with Business Development also tend to know New Business Development, Sales Management, and Contract Negotiation. People who know Sales usually also know Sales Management.

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

Pay by Experience for a Vice President (VP), Business Development has a positive trend. An entry-level Vice President (VP), Business Development with less than 5 years of experience can expect to earn an average total compensation of $99,000 based on 254 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Business Development with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $138,000 based on 492 salaries. An experienced Vice President (VP), Business Development which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $159,000 based on 1,038 salaries. A Vice President (VP), Business Development with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $170,000 based on 779 salaries.

Pay Difference by Location

National Average: $155,732

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

San Francisco offers some of the highest pay in the country for Business Development VPs, 44 percent above the national average. Business Development VPs will also find cushy salaries in San Jose (+40 percent), Boston (+19 percent), Philadelphia (+17 percent), and Seattle (+16 percent). Trailing the national average by 13 percent, San Diego is the market with the smallest paychecks. Two other places where employers offer below-median salaries are Denver (11 percent less) and Atlanta (4 percent less).

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
27 %
Male
73 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 287 votes.
Less than 1 year
1%
1-4 years
7%
5-9 years
14%
10-19 years
39%
20 years or more
39%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Business Development Salaries

▲9%

▲2%

National Average
$156,000

▼12%

▼37%

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

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 287 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
14%
10-19 years
39%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 73%
vision benefits
Vision: 62%
no benefits
None: 12%
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