Average pay for a Business Development VP in the United States is considerable, rounding six figures at $131K per year. In the world of Business Development VPs, total cash compensation ranges from $80K on the lower end to $244K on the higher end; this includes bonuses that reach $61K and profit sharing that approaches $37K in rare cases, with some high rollers snagging commissions as high as $81K. 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. Job satisfaction is reported as high by the vast majority of workers. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. The data in this summary comes from the PayScale salary survey.

$71,748 - $201,855
(Median)
$72K
$130K
$200K
MEDIAN: $131,149
10%
50%
90%

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$12.77 - $100.67
(Median)
$13
$39
$100
MEDIAN: $39.00
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
$71,748 - $201,855  
   
Bonus
$4,847 - $61,020  
Profit Sharing
$0.00 - $36,844  
Commission
$5,970 - $80,539  
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).
)
$80,163 - $243,531  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,987
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
$12.77 - $100.67  
   
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
$4,847 - $61,020  
   
Commission
$5,970 - $80,539  
Profit Sharing
$0.00 - $36,844  
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).
)
$80,163 - $243,531  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 12
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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.
  • 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


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Though some Business Development VPs move into positions like Senior Vice President of Sales (where the average salary is $193K), this progression is not the norm. However, Business Development VPs typically graduate to Presidents or Chief Executive Officers.

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Popular Skills for Vice President (VP), Business Development


Survey results imply that Business Development VPs deploy a deep pool of skills on the job. Most notably, facility with Strategic Planning, Business Strategy, and Strategy Development are correlated to pay that is significantly above average, leading to increases of 21 percent, 17 percent, and 13 percent, respectively. Skills that pay less than market rate include Technical Sales, Sales, and Team Leadership. Most people who know Sales also know Sales Management. Most people familiar with Business Development also know New Business Development, Sales Management, and Contract Negotiation.

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

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


For many Business Development VPs, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Large paychecks, which sit comfortably in the six-figure range, are handed out almost immediately; professionals who have less than five years' experience report earning a median of $101K per year. Business Development VPs who work for 10 to 20 years in their occupation tend to earn about $161K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $173K on average.

Pay Difference by Location

National Average: $152,493

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

With a pay rate for Business Development VPs that is 39 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Business Development VPs will also find cushy salaries in San Jose (+37 percent), Boston (+27 percent), Seattle (+25 percent), and San Diego (+17 percent). Denver is the lowest-paying area, 9 percent south of the national average. Los Angeles and Atlanta are a couple other places where companies are known to pay below the median — salaries are 3 percent lower and 2 percent lower, respectively.

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

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Experience Affects Vice President (VP), Business Development Salaries



National Average
$152,000



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






Business Development
up arrow 3%

People Management
up arrow 1%

Strategic Marketing
0%

National Average
$152,000

Sales Management
up arrow 1%

Contract Negotiation
up arrow 1%

Account Management
up arrow 2%



up arrow 11%

Technical Sales
up arrow 14%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 240 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 72%
medical benefits
Vision: 60%
dental benefits
None: 12%
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