As of May 01, 2026, the average salary for a VP Business Development in the United States is $271,000 per year, which breaks down to an hourly rate of $130.
However, a VP Business Development's salary can vary significantly. Here’s a look at the typical salary range:
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A VP 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 VP 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 | $174,067 |
| Director Business Growth and Development | 5+ years | $210,722 |
| VP Business Development | 5+ years | $270,920 |
| Business Development Executive | 5+ years | $320,843 |
| Top Business Development Executive | 5+ years | $430,051 |
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 VP Business Developments. For example, consider the average annual salaries in these key locations:
Your level of education can impact your salary potential. While many VP 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 VP Business Development with a Bachelor's Degree is between $244,763 and $259,588).
VP Business Development Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 8.6% |
| High School | 8.6% |
| Associates | 0.9% |
| Bachelors | 31.0% |
| Masters | 49.1% |
| Doctorate | 10.3% |
Understanding how a VP 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 May 01, 2026For a VP Business Development, the most direct path to higher earnings is advancing to the Business Development Executive role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $320,850 - a projected growth of 18% over your current level.
Salaries for a VP Business Development can change over time, reflecting shifts in market demand and the overall economy. The median salary increased from $228,217 in 2023 to around $229,837 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of VP Business Development salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $228,217 |
| 2024 | $233,333 |
| 2025 | $229,837 |
| 2026 |
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| 2027 |
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Job Summary: The Vice President of Business Development plays a pivotal role in driving growth and expansion for the company. This leadership position is responsible for identifying strategic opportunities, forging key partnerships, and driving revenue growth through new business initiatives. The salary for this role ranges from $228,300 to $283,800, with a midpoint of $254,900.
Yes, a Business Development executive is a senior position, typically advancing from roles like business developer or representative. They are often referred to as 'sales executives.' In terms of compensation, salaries for this role range from $228,300 to $283,800, with a median salary of $254,900, reflecting the importance and responsibility of the position.
The salary for a VP of Business Development at J.P. Morgan in the USA ranges from $228,300 to $283,800, with a midpoint of $254,900. This reflects a competitive compensation package that aligns with industry standards for such roles.
The salary for a Vice President of Business Development typically ranges from $228,300 to $283,800 annually, with a mid-point salary of $254,900. This reflects the competitive compensation for leadership roles in business development across various industries.
The average salary for a Vice President of Business Development ranges from $228,300 to $283,800, with a mid-salary of $254,900. While specific bonus data for this role isn't provided, bonuses typically represent a significant portion of total compensation, often around 25% of the salary.
As of Jan 07, 2025, the salary for a Vice President of Business Development at J.P. Morgan ranges from $228,300 to $283,800 annually, with a midpoint of $254,900. This translates to approximately $109.00 to $136.00 per hour, or $4,500 to $5,500 per week, and $19,000 to $23,000 per month, reflecting the competitive compensation in this role.
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