Vice President (VP), Business Development Salary

Business Development VPs receive generous compensation in the United States — earning an average of $132K per year, their standard salaries shoot well into the six-figure range. Total cash incomes of Business Development VPs run from $79K to $243K, depending on bonuses that can occasionally exceed $61K, profit sharing that reaches $39K, and some commissions of nearly $80K. Residence and tenure each impact pay for this group, with the former having the largest influence. The majority of Business Development VPs claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. 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. This report is based on answers to PayScale's salary questionnaire.

$71,414 - $201,118
$71K
$130K
$200K
MEDIAN: $131,730
10%
50%
90%

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$13.75 - $100.00
$14
$50
$100
MEDIAN: $50.00
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
$71,414 - $201,118  
   
Bonus
$4,889 - $60,744  
Profit Sharing
$0.00 - $39,470  
Commission
$5,929 - $80,214  
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).
)
$79,438 - $242,697  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,978
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
$4,889 - $60,744  
   
Commission
$5,929 - $80,214  
Profit Sharing
$0.00 - $39,470  
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).
)
$79,438 - $242,697  
Country: United States | Currency: USD | Updated: 25 Mar 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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Business Development VPs who advance into the role of a Senior Vice President of Sales are fairly uncommon. Senior Vice Presidents of Sales on average earn $192K per year. However, Business Development VPs typically graduate to Presidents or Chief Executive Officers.

Vice President (VP), Business Development Job Listings

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Popular Skills for Vice President (VP), Business Development


Business Development VPs report using a deep pool of 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 14 percent and 16 percent. Skills that pay less than market rate include Strategic Marketing, Operations Management, and Technical Sales. The majority of those who know Sales also know Sales Management. It is often found that people who know Business Development are also skilled in New Business Development, Sales Management, and Contract Negotiation.

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: $152,368

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

Business Development VPs will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 47 percent. Business Development VPs will also find cushy salaries in San Jose (+43 percent), Boston (+22 percent), Philadelphia (+20 percent), and Seattle (+18 percent). Those in the field find the lowest salaries in San Diego, 11 percent below the national average. Employers also pay below the national average in Denver (9 percent lower) and Atlanta (1 percent lower).

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 239 votes.
Less than 1 year
1%
1-4 years
8%
5-9 years
14%
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

▲12%

▲4%

National Average
$152,000

▼10%

▼35%

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

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 239 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
14%
10-19 years
38%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 72%
vision benefits
Vision: 61%
no benefits
None: 12%
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