Vice President (VP), Business Development Salary

Six-figure salaries are the norm for Business Development VPs in the United States, with median pay hovering around $130K per year. The final incomes of Business Development VPs generally vary between $81K and $241K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $61K, $30K, and $76K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. 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. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$73,505 - $199,443
(Median)
$74K
$130K
$200K
MEDIAN: $130,135
10%
50%
90%

Add this chart to your site: 640px    300px

$16.48 - $93.28
(Median)
$16
$30
$93
MEDIAN: $29.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$73,505 - $199,443  
   
Bonus
$2,883 - $61,175  
Profit Sharing
$2.98 - $29,866  
Commission
$0.00 - $76,263  
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).
)
$81,214 - $241,279  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 2,791
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
$16.48 - $93.28  
   
Overtime
$20.35  
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
$2,883 - $61,175  
   
Commission
$0.00 - $76,263  
Profit Sharing
$2.98 - $29,866  
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).
)
$81,214 - $241,279  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 15
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

Vice President (VP), Business Development Tasks

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

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


Add this chart to your site:   640px 640px    300px 300px


While Business Development VPs do not often become Senior Vice Presidents of Sales, the job pays $193K per year on average. More often, however, Business Development VPs go on to become Presidents or Chief Executive Officers.

Vice President (VP), Business Development Job Listings

Search for more jobs:

Popular Skills for Vice President (VP), Business Development


Business Development VPs seem to exploit a large range of skills on the job. Most notably, skills in Product Development, Strategic Planning, People Management, and Business Strategy are correlated to pay that is above average, with boosts between 8 percent and 19 percent. Those listing Microsoft Office as a skill should be prepared for drastically lower pay. Customer Relationship Management and Sales also typically command lower compensation. The majority of those who know Business Development also know Sales and Sales Management. It is often found that people who know New Business Development are also skilled in 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Relatively untried employees who have less than five years' experience make $101K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $135K. For Business Development VPs, 10 to 20 years of experience on the job amounts to an average salary of $159K. More than 20 years of experience mean a somewhat bigger median paycheck of $174K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $152,910

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

Home to some of the best pay for Business Development VPs, San Jose offers exceptional salaries, 36 percent above the national average. Business Development VPs will also find cushy salaries in San Francisco (+33 percent), Seattle (+24 percent), Washington (+15 percent), and Houston (+15 percent). The smallest paychecks in the market, 8 percent south of the national average, can be found in Denver.

Vice President (VP), Business Development Reviews

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

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Vice President (VP), Business Development Salaries



National Average
$153,000



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

Product Development
up arrow 19%

Strategic Planning
up arrow 18%



New Business Development
up arrow 4%

Business Development
up arrow 3%

Contract Negotiation
up arrow 2%

National Average
$153,000

Sales Management
up arrow 3%





up arrow 15%


Microsoft Office
up arrow 34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 377 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
0%
1-4 years
7%
5-9 years
16%
10-19 years
41%
20 years or more
36%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 75%
medical benefits
Vision: 63%
dental benefits
None: 10%
ADVERTISEMENT