Vice President (VP), Business Development Salary

Business Development VPs in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $134K) surpassing six figures annually. Total cash compensation to Business Development VPs approaches anywhere from $80K on the lower end to $245K on the higher end; in exceptional cases, this can include more than $61K from bonuses and upwards of $50K from profit sharing. Geography and career length each impact pay for this group, with the former having the largest influence. Generally, women make up less than a third of all Business Development VPs who answered the questionnnaire. Work is enjoyable for Business Development VPs, who typically claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This snapshot results from replies to PayScale's salary survey.

$71,980 - $201,663
$72K
$130K
$200K
MEDIAN: $133,977
10%
50%
90%

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$12.77 - $97.87
$13
$50
$98
MEDIAN: $50.00
10%
50%
90%

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$0$245K
Salary $71,980 - $201,663
Bonus $4,546 - $62,437
Profit Sharing $0.00 - $49,761
Commission $7,284 - $97,148
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).
)
$80,233 - $245,544
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 2,206
Hourly Data $0$97
Hourly Rate $12.77 - $97.87
Overtime $33.90
Annual Data $0$245K
Bonus $4,546 - $62,437
Commission $7,284 - $97,148
Profit Sharing $0.00 - $49,761
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).
)
$80,233 - $245,544
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 12

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.
  • Lead company's planning and execution of strategies to increase sales and company growth.
  • Manage business development and sales staff.

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


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Business Development VPs do not often transition into Senior Vice President of Sales roles. The role averages $192K per year. Becoming a President is, more often than not, the most common role that Business Development VPs move into when they're ready for the next step in their career. A median salary for a President is $153K. Another frequent advance is for Business Development VPs to assume a Chief Executive Officer role; in this role, workers often take home $170K.

Vice President (VP), Business Development Job Listings

Popular Skills for Vice President (VP), Business Development


Business Development VPs report using a deep pool of skills on the job. Most notably, skills in Business Strategy, Strategic Planning, Strategy Development, and New Business Development are correlated to pay that is above average, with boosts between 11 percent and 14 percent. At the other end of the pay range are skills like Strategic Marketing, Operations Management, and Technical Sales. It is often found that people who know Sales are also skilled in 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

Pay by Experience for a Vice President (VP), Business Development has a positive trend. An entry-level Vice President (VP), Business Development with less than 5 years of experience can expect to earn an average total compensation of $99,000 based on 254 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Business Development with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $138,000 based on 492 salaries. An experienced Vice President (VP), Business Development which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $159,000 based on 1,038 salaries. A Vice President (VP), Business Development with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $170,000 based on 779 salaries.

Pay Difference by Location

National Average: $155,433

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

San Francisco offers some of the highest pay in the country for Business Development VPs, 44 percent above the national average. Business Development VPs will also find cushy salaries in San Jose (+40 percent), Boston (+19 percent), Philadelphia (+18 percent), and Seattle (+16 percent). Those in the field find the lowest salaries in San Diego, 13 percent below the national average. Two other places where employers offer below-median salaries are Denver (11 percent less) and Atlanta (3 percent less).

Vice President (VP), Business Development Reviews

Q: 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

Key Stats for Vice President (VP), Business Development

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 328 votes.
Less than 1 year
1%
1-4 years
8%
5-9 years
14%
10-19 years
39%
20 years or more
39%

Experience Affects Vice President (VP), Business Development Salaries

▲10%

▲2%

National Average
$155,000

▼11%

▼36%

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

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 328 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
14%
10-19 years
39%
20 years or more
39%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 73%
vision benefits
Vision: 62%
no benefits
None: 13%