Vice President (VP), Business Development Salary

Business Development VPs in the United States see excellent average salaries — about $130K annually. Individual bonuses, profit sharing and commission for Business Development VPs — as high as $61K, $30K and $76K, respectively — each contribute to the degree of variation within overall compensation, ranging from $81K to $241K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Making up 78 percent of those who took the survey, male Business Development VPs greatly outnumber their female counterparts. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Job satisfaction is high and work is enjoyable for most Business Development VPs. Respondents to the PayScale salary survey provided the data for this report.

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

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$16.48 - $93.28
(Median)
$16
$30
$93
MEDIAN: $29.00
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
$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
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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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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 $193K per year. A more common career path for Business Development VPs is stepping into the role of President or Chief Executive Officer.

Vice President (VP), Business Development Job Listings

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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, 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. Skill sets containing New Business Development also tend to include Sales Management. It is often found that people who know Business Development are also skilled in Sales and 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.


Experience seems to be a major factor in determining the incomes of Business Development VPs. Those in the early stages of their career can expect to make around $101K; however, individuals with five to 10 years of experience bring in $135K on average — a distinctly larger sum. After working for 10 to 20 years, Business Development VPs make a median salary of $159K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $174K.

Pay Difference by Location

National Average: $152,910

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

For Business Development VPs, San Jose provides a pay rate that is 36 percent greater than 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). Those in the field find the lowest salaries in Denver, 8 percent below the national average.

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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%
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