How much does a Vice President of Business Development make hourly in the United States? The average hourly wage for a Vice President of Business Development in the United States is $121 as of February 26, 2024, but the range typically falls between $109 and $135. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Vice President of Business Development Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Vice President of Business Development Salary $98 US February 26, 2024
25th Percentile Vice President of Business Development Salary $109 US February 26, 2024
50th Percentile Vice President of Business Development Salary $121 US February 26, 2024
75th Percentile Vice President of Business Development Salary $135 US February 26, 2024
90th Percentile Vice President of Business Development Salary $148 US February 26, 2024
25% $109 10% $98 90% $148 75% $135 $121 50%(Median) Didn’t find job title? Click
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Job Description for Vice President of Business Development

Vice President of Business Development directs the development and execution of the business development vision, strategy, plans, and processes that will drive sales, increase revenue, expand markets, and accomplish financial objectives. Identifies and evaluates new markets, partners, channels, and customers. Being a Vice President of Business Development develops a wide network of contacts to keep informed about current and future industry and market actions. Researches and analyzes the business environment, competitors, and customers to develop ideas for new products and services, pricing, and business models. Additionally, Vice President of Business Development directs financial feasibility studies, proposal development, and negotiations for new business opportunities. Collaborates with marketing, sales, product development, and other stakeholders to support business development plans. Requires a bachelor's degree. Typically reports to top management. The Vice President of Business Development manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Vice President of Business Development typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)... View full job description

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Career Path for Vice President of Business Development

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Vice President of Business Development, the upper level is Senior Vice President of Business Development and then progresses to Chief Business Development Executive.

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Vice President of Business Development salary varies from city to city. Compared with national average salary of Vice President of Business Development, the highest Vice President of Business Development salary is in San Francisco, CA, where the Vice President of Business Development salary is 25.0% above. The lowest Vice President of Business Development salary is in Miami, FL, where the Vice President of Business Development salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Average Hourly Wage

Core compensation

 
 
 
109
135
121

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
129
178
151
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Vice President of Business Development in the United States. The average hourly rate for Vice President of Business Development ranges from $109 to $135 with the average hourly pay of $121. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $129 to $178 with the average total hourly cash compensation of $151.
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109
135

 

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Skills associated with Vice President of Business Development: Negotiation, Sales Strategy, Business Relationship Management, Campaign Management ...More

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Vice President of Business Development Salary in United States
Vice President of Business Development Salary Graph, Regional Distribution and Summary