Executive Vice President of Business Development Salary in South Elgin, IL

How much does a Executive Vice President of Business Development make?

As of November 01, 2025, the average salary for a Executive Vice President of Business Development in South Elgin, IL is $437,511 per year, which breaks down to an hourly rate of $210.

However, a Executive Vice President of Business Development's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $526,232
  • Majority Range (25th-75th percentile): $409,661 to $483,951
  • Entry-Level (10th percentile): $384,305
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View as table View as graph 25% $409,661 10% $384,305 90% $526,232 75% $483,951 $437,511 50%(Median) Didn’t find job title? Click

Executive Vice President of Business Development Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $483,951 $40,329 $9,307 $233
Average $437,511 $36,459 $8,414 $210
25th Percentile $409,661 $34,138 $7,878 $197
Check out Executive Vice President of Business Development Job Openings in South Elgin, IL
Vice President Business Development

NinjaTrader Group, LLC - Chicago, IL

Vice President Business Development

Hispanic Alliance for Career Enhancement - Chicago, IL

Vice President Business Development

Sedgwick - Chicago, IL

Vice President Business Development

NinjaTrader - Chicago, IL

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Key Factors That Influence Executive Vice President of Business Development Salaries

A Executive Vice President of 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, skills and company size can directly affect your earning potential.

How Experience Level Affects Executive Vice President of Business Development Salaries?

Experience is a primary driver of a Executive Vice President of 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:

  • Entry-Level (less than 1 year): $419,936
  • Early Career (1-2 years): $422,420
  • Mid-Level (2-4 years): $425,732
  • Senior-Level (5-8 years): $430,700
  • Expert (over 8 years): $436,910
Levels Salary
Entry Level Executive Vice President of Business Development $419,936
Intermediate Level Executive Vice President of Business Development $422,420
Senior Level Executive Vice President of Business Development $425,732
Specialist Level Executive Vice President of Business Development $430,700
Expert Level Executive Vice President of Business Development $436,910
$419,936 0 yr
$422,420 < 2 yrs
$425,732 2-4 yrs
$430,700 5-8 yrs
$436,910 > 8 yrs
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What Am I Worth?

Top Paying Cities for Executive Vice President of Business Developments

Salaries can also vary between different cities, even within the same state. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different Illinois cities:

  • Harwood Heights: $443,433
  • Bedford Park: $443,261
  • Evergreen Park: $443,089

What Skills Can Increase a Executive Vice President of Business Development's Salary?

Demanded Skills for the Role:

  • Leadership (Mentioned in 6.14% Job Postings): Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  • Financial Accounting (Mentioned in 1.51% Job Postings): Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of passionable accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.
  • Sales and Marketing (Mentioned in 1.09% Job Postings): Marketing consists of the strategies your company employs to generate interest in your business. Sales are the methods by which you convert that interest into a transaction.
See More Skills
Skills Demand Percentage
Leadership 6.14%
Financial Accounting 1.51%
Sales and Marketing 1.09%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Executive Vice President of Business Development's salary.
  • Hard Working: Can increase your salary by up to 17%.
  • Brand Management: Can increase your salary by up to 16%.
  • Innovation: Can increase your salary by up to 10%.
Skill Salary Salary % Increase
Hard Working
 $511,888
17%
Brand Management
 $507,513
16%
Innovation
 $481,262
10%
Insight
 $481,262
10%
Strategic Planning
 $476,887
9%
Leadership
 $472,512
8%
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Executive Vice President of Business Development Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Executive Vice President of 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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on November 01, 2025
$409,661
Average $437,511/year
$483,951
$34,138
Average $36,459/month
$40,329
$7,878
Average $8,414/week
$9,307
$197
Average $210/hour
$233
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $483,951 $40,329 $9,307 $233
Average $437,511 $36,459 $8,414 $210
25th Percentile $409,661 $34,138 $7,878 $197

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Cost of Living In South Elgin, IL

Cost of Living in South Elgin, IL is
9.8% Higher
than the National Average

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