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 $217,926. Other companies that offer high salaries for this role include HCA, Inc. and MasterCard Worldwide, earning around $165,000 and $162,500, respectively. Right Management, Inc. pays the lowest at around $100,000. J.P. Morgan Chase & Co. (JPMCC) and Blackrock, Inc. also pay on the lower end of the scale, paying $143,189 and $146,448, respectively.

Skills in Business Development, New Business Development, Strategy Development, Strategic Sales and Contract Negotiation are correlated to pay that is above average.

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 $82,390 based on 78 salaries. An early career Vice President (VP), Business Development with 1-4 years of experience earns an average total compensation of $86,582 based on 405 salaries. A mid-career Vice President (VP), Business Development with 5-9 years of experience earns an average total compensation of $120,871 based on 905 salaries. An experienced Vice President (VP), Business Development with 10-19 years of experience earns an average total compensation of $140,359 based on 1,879 salaries. In their late career (20 years and higher), employees earn an average total compensation of $150,004.

Employees with Vice President (VP), Business Development in their job title in San Francisco, California earn an average of 28.7% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (15.8% more) and Los Angeles, California (12.1% more). The lowest salaries can be found in Atlanta, Georgia (6.7% less) and Chicago, Illinois (2.2% less).