Average Vice President (VP), Business Development Salary

$134,089
Avg. SalaryShow Hourly Rate
$25,413
Bonus
$29,201
Commission
$10,086
Profit Sharing
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The average salary for a Vice President (VP), Business Development is $134,089.
10%
$74k
MEDIAN
$134k
90%
$200k
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Salary
$74k - $200k
Bonus
$5k - $60k
Profit Sharing
$0 - $40k
Commission
$9k - $78k
Total Pay
$81k - $240k
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What Do Vice President (VP), Business Developments Do?

Vice President (VP), Business Development Tasks
  • Manage business development and sales staff.
  • Lead company's planning and execution of strategies to increase sales and company growth.
  • Oversee the formation of business partnerships and negotiation of contracts.

Job Satisfaction for Vice President (VP), Business Development

4.1 out of 5
(498)
Highly Satisfied
33Reviews

Popular Employer Salaries for Vice President (VP), Business Development

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.

Vice President (VP), Business Development Job Listings

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What Are Popular Skills for Vice President (VP), Business Developments?

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.

What is the Pay by Experience Level for Vice President (VP), Business Developments?

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).

Years of Experience

This data is based on 3,406 survey responses.
Entry Level
0.5%
Early Career
7.4%
Mid Career
15.4%
Experienced
40.0%
Late Career
36.8%