Average Vice President (VP), Business Development Salary in Chicago, Illinois

$131,676
Avg. Salary
$29,724
Bonus
$35,000
Commission
$16,000
Profit Sharing
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The average salary for a Vice President (VP), Business Development in Chicago, Illinois is $131,676.
10%
$73k
10%
$132k
50%
$198k
90%
90%
MEDIAN $131,676
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United States (change)
Salary
$73k - $198k
Bonus
$7k - $76k
Profit Sharing
$1k - $80k
Commission
$8k - $61k
Total Pay
$87k - $232k

Your Market Worth Over Time

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Job Description for Vice President (VP), Business Development

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.

Career Paths

Explore the most common career paths for Vice President (VP), Business Development. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Vice President (VP), Business Development
Business Development Director
Chief Executive Officer (CEO)
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Vice President (VP), Business Development Job Listings

Popular Skills for Vice President (VP), Business Development

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

Pay by Experience Level for Vice President (VP), Business Development

An early career Vice President (VP), Business Development with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $81,067 based on 12 salaries. A mid-career Vice President (VP), Business Development with 5-9 years of experience earns an average total compensation of $127,235 based on 26 salaries. An experienced Vice President (VP), Business Development with 10-19 years of experience earns an average total compensation of $144,468 based on 57 salaries. In their late career (20 years and higher), employees earn an average total compensation of $152,858.
Employees with Vice President (VP), Business Development in their job title in San Francisco, California earn an average of 31.0% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (17.9% more) and Boston, Massachusetts (13.9% more). The lowest salaries can be found in Atlanta, Georgia (4.3% less).

Years of Experience

This data is based on 150 survey responses.
Early Career
8.0%
Mid Career
17.3%
Experienced
38.0%
Late Career
36.7%