Average Vice President (VP), Business Development Salary

The top respondents for the job title Vice President (VP), Business Development are from the companies Blackrock, Inc., J.P. Morgan Chase & Co. (JPMCC) and Morgan Stanley. Reported salaries are highest at Leidos where the average pay is $222,848. Other companies that offer high salaries for this role include SAP and MasterCard Worldwide, earning around $178,500 and $162,500, respectively. The Bank of New York Mellon Corporation (BNY Mellon) pays the lowest at around $125,000. J.P. Morgan Chase & Co. (JPMCC) and Blackrock, Inc. also pay on the lower end of the scale, paying $143,189 and $146,848, respectively.

Skills in Business Development, New Business Development, Strategy Development and Strategic Sales are correlated to pay that is above average. Skills that pay less than market rate include Business to Business (B2B) Sales.

An entry-level Vice President (VP), Business Development with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $81,603 based on 16 salaries. An early career Vice President (VP), Business Development with 1-4 years of experience earns an average total compensation of $87,296 based on 251 salaries. A mid-career Vice President (VP), Business Development with 5-9 years of experience earns an average total compensation of $121,104 based on 524 salaries. An experienced Vice President (VP), Business Development with 10-19 years of experience earns an average total compensation of $140,516 based on 1,363 salaries. In their late career (20 years and higher), employees earn an average total compensation of $150,118.

Employees with Vice President (VP), Business Development in their job title in San Francisco, California earn an average of 32.4% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (12.9% more) and Los Angeles, California (11.1% more). The lowest salaries can be found in Atlanta, Georgia (7.2% less), Chicago, Illinois (4.6% less) and Dallas, Texas (3.7% less).