As of July 01, 2026, the average salary for a EVP Business Development in the United States is $430,390 per year, which breaks down to an hourly rate of $207.
However, a EVP Business Development's salary can vary significantly. Here’s a look at the typical salary range:
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A EVP Business Development's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education, and company size can directly affect your earning potential.
Experience is a primary driver of a EVP Business Development's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Senior Manager Business Growth and Development | 5+ years | $174,058 |
| Director Business Growth and Development | 5+ years | $210,752 |
| VP Business Development | 5+ years | $270,980 |
| Business Development Executive | 5+ years | $320,975 |
| EVP Business Development | 5+ years | $430,387 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract EVP Business Developments. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Leadership | 6.14% |
| Financial Accounting | 1.51% |
| Sales and Marketing | 1.09% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Hard Working
|
$503,556 |
17%
|
|
Brand Management
|
$499,252 |
16%
|
|
Innovation
|
$473,429 |
10%
|
|
Insight
|
$473,429 |
10%
|
|
Strategic Planning
|
$469,125 |
9%
|
|
Leadership
|
$464,821 |
8%
|
EVP Business Development salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $481,388. While startup companies pay approximate $407,110.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $407,110 |
| Growth Stage | 51~500 | $430,583 |
| Established | 501~5000 | $464,872 |
| Enterprise | 5000+ | $481,388 |
For EVP Business Development roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 20% above the average. In contrast, EVP Business Development positions in Biotechnology or Transportation typically offer lower base pay, as these industries often view EVP Business Development as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $516,468 | $248.0 | 20% |
Your level of education can impact your salary potential. While many EVP Business Developments enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a EVP Business Development with a Bachelor's Degree is between $312,942 and $344,663).
EVP Business Development Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.5% |
| High School | 2.3% |
| Associates | 2.6% |
| Bachelors | 33.1% |
| Masters | 53.3% |
| Doctorate | 8.2% |
Understanding how a EVP Business Development's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Salaries for a EVP Business Development can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $289,994 in 2023 to around $282,889 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of EVP Business Development salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $289,994 |
| 2024 | $287,937 |
| 2025 | $282,889 |
| 2026 |
View More
|
| 2027 |
View More
|
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The Aerospace & Defense industry offers the highest average compensation for EVP Business Development roles, with salaries approximately 20% above the market median.
The highest paying job in business management is the EVP of Business Development, with a salary range from $286,410 to $404,830. This role surpasses other positions such as Administrative Service Manager (average $150K) and Project Manager (average $142K), making it a top choice for those seeking lucrative opportunities in the field.
The salary for an EVP of Business Development at Walmart typically ranges from $286,410 to $404,830, with a mid-point salary of $339,850. This reflects the competitive compensation for senior executives in the retail industry.
As of now, the salary range for an EVP in Business Development is between $286,410 and $404,830 annually, with a midpoint of $339,850. This reflects a more competitive compensation compared to the average pay for a Vice President at J.P. Morgan, which is around $157,532 per year.
An Executive Vice President (EVP) is typically positioned above a Senior VP in the corporate hierarchy. This role entails significant responsibilities and a deeper engagement with the company's core operations. The salary for an EVP in Business Development ranges from $286,410 to $404,830, with a midpoint of $339,850, reflecting the importance of this position.
The highest paid person at J.P. Morgan is Chairman and CEO Jamie Dimon, who maintained his position as the top-paid US bank chief executive in 2023. His compensation aligns with the EVP Business Development salary range, which has a minimum of $286,410, a midpoint of $339,850, and a maximum of $404,830.
Yes, there is significant earning potential in business development. The salary data for an EVP in this field shows a minimum salary of $286,410, a mid-range salary of $339,850, and a maximum salary of $404,830. This indicates that experienced professionals can earn a substantial income, reflecting the value they bring to organizations.
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