What are the main factors that influence a VP Business Development's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A VP Business Development's salary?

A VP Business Development's salary grows with experience: a Senior Manager Business Growth and Development (5+ years)earns $174,049, a Director Business Growth and Development (5+ years)earns $210,782, a VP Business Development (5+ years)earns $271,041, a Business Development Executive (5+ years)earns $321,107, a Top Business Development Executive (5+ years)earns $430,723,

What are the highest paying states for a VP Business Development?

VP Business Development salary varies significantly by state. The top 3 highest paying states for VP Business Development roles are District of Columbia $300,100, California $299,000, Massachusetts $295,000. These tech hubs typically pay 10-15% above the national average.

How much do different types of VP Business Development roles make?

Salaries for VP Business Development level roles vary by specialization: VP of Development: $275,196; VP of Business Development: $271,041; VP of Business Channel Sales: $266,773; VP of Strategy Development: $266,100; VP of Business Operations Strategy: $266,033.

How do different companies affect a VP Business Development's salary?

Company size, industry, and compensation structure create significant salary variations for VP Business Development roles. Large, established industry leaders like C R Bard Inc ($128,509) and Henry Schein Canada ($124,697) offer base salaries 35-40% above the national average. In contrast, smaller firms or startups may offer closer to $82,041.

VP Business Development Salary in the United States

How much does a VP Business Development make in the United States?

As of September 01, 2026, the average salary for a VP Business Development in the United States is $271,100 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:

Top Earners (90th percentile): $303,578
Majority Range (25th-75th percentile): $251,900 to $288,100
Entry-Level (10th percentile): $234,419

10% $234,419

50% (Median) $271,100

90% $303,578

VP Business Development Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$288,100	$24,008	$5,540	$139
Average	$271,100	$22,592	$5,213	$130
25th Percentile	$251,900	$20,992	$4,844	$121

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Key Factors That Influence VP Business Development Salaries

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.

How Experience Level Affects VP Business Development Salaries?

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:

Senior Manager Business Growth and Development (5+ years): $174,049
Director Business Growth and Development (5+ years): $210,782
VP Business Development (5+ years): $271,041
Business Development Executive (5+ years): $321,107
Top Business Development Executive (5+ years): $430,723

Job Role	Years of Experience	Average Salary
Senior Manager Business Growth and Development	5+ years	$174,049
Director Business Growth and Development	5+ years	$210,782
VP Business Development	5+ years	$271,041
Business Development Executive	5+ years	$321,107
Top Business Development Executive	5+ years	$430,723

View as Graph

How Do VP Business Development Salaries Vary from State to State?

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:

District of Columbia: $300,100.
California: $299,000.
Massachusetts: $295,000.

District of Columbia $300,100 California $299,000 Massachusetts $295,000 Washington $293,900 New Jersey $293,800 Alaska $293,500 Connecticut $289,700 New York $288,200

Hawaii $283,300 Rhode Island $281,100 Maryland $279,500 Minnesota $277,400 Colorado $276,600 Illinois $276,300 Oregon $275,300 Delaware $274,500

New Hampshire $274,100 Virginia $273,000 Pennsylvania $269,900 Nevada $268,300 North Dakota $267,800 Michigan $267,000 Wisconsin $266,700 Vermont $266,100

Texas $264,400 Maine $264,300 Arizona $264,200 Ohio $264,000 Georgia $261,500 Indiana $260,200 Wyoming $260,000 Utah $259,600

Iowa $259,400 Kansas $258,100 Louisiana $257,800 North Carolina $257,600 Missouri $257,600 Florida $256,500 Montana $255,900 Nebraska $255,400

Kentucky $255,100 South Carolina $254,000 Tennessee $253,300 Idaho $253,100 New Mexico $251,100 Oklahoma $250,700 Alabama $249,100 South Dakota $246,400

Arkansas $244,900 West Virginia $244,100 Mississippi $241,800

Top Paying Cities for VP Business Developments

Salaries can also vary between different cities. 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 U.S. cities:

San Jose: $341,900
San Francisco: $338,200
Oakland: $331,000

San Jose, CA $341,900

San Francisco, CA $338,200

Oakland, CA $331,000

New York, NY $312,100

Paramus, NJ $308,300

Queens Village, NY $308,300

Passaic, NJ $308,100

Bergenfield, NJ $308,000

Stamford, CT $307,400

Huntington, NY $307,300

Newark, NJ $305,300

Bridgeport, CT $304,800

Vallejo, CA $304,200

New Brunswick, NJ $304,100

Petaluma, CA $303,900

Middlesex, NJ $303,400

Somerset, NJ $303,200

Santa Cruz, CA $302,900

Boston, MA $301,200

Monterey, CA $300,300

Seattle, WA $299,700

Santa Rosa, CA $299,600

Los Angeles, CA $299,500

Juneau, AK $298,800

Washington, DC $298,500

Orange, CA $297,600

Santa Ana, CA $296,800

Long Beach, CA $296,600

Anaheim, CA $296,500

Anchorage, AK $296,400

Santa Maria, CA $295,600

Everett, WA $295,500

Danbury, CT $294,600

Bremerton, WA $294,200

Tacoma, WA $293,200

New Suffolk, NY $293,200

Sacramento, CA $293,100

Santa Barbara, CA $292,800

Trenton, NJ $292,500

San Diego, CA $292,500

Brockton, MA $292,200

Fairbanks, AK $291,600

Lompoc, CA $290,900

Lowell, MA $290,700

Ventura, CA $290,600

Nashua, NH $290,600

Stockton, CA $290,500

Modesto, CA $288,500

Poughkeepsie, NY $287,900

Olympia, WA $287,400

Kennewick, WA $287,400

New Haven, CT $287,300

Lawrence, MA $286,400

Hartford, CT $286,100

Riverside, CA $286,000

New Bedford, MA $285,800

Richland, WA $285,800

Bakersfield, CA $285,400

San Bernardino, CA $285,300

New Britain, CT $285,200

Atlantic City, NJ $285,200

New London, CT $285,100

Norwich, CT $285,000

Portsmouth, NH $285,000

Boulder, CO $284,400

Portland, OR $284,000

Worcester, MA $284,000

Minneapolis, MN $283,200

Philadelphia, PA $282,800

Honolulu, HI $281,900

Saint Paul, MN $281,800

Vineland, NJ $281,700

Providence, RI $280,900

Chicago, IL $280,100

Bellingham, WA $279,800

Springfield, MA $279,600

Baltimore, MD $279,500

Chico, CA $278,800

Pittsfield, MA $278,100

Manchester, NH $277,600

Spokane, WA $276,400

Denver, CO $276,400

Albany, NY $275,100

Troy, NY $275,000

Nassau, NY $274,700

Schenectady, NY $274,400

Wilmington, DE $274,200

Burlington, VT $273,800

Salem, OR $273,700

Portland, ME $272,900

Yakima, WA $272,600

Rochester, MN $271,800

Reno, NV $271,600

Fresno, CA $271,600

Milwaukee, WI $271,400

Detroit, MI $271,100

Ann Arbor, MI $271,100

Allentown, PA $271,000

Colorado Springs, CO $270,600

Syracuse, NY $270,400

Carson City, NV $270,400

Houston, TX $270,100

Eugene, OR $269,900

Gary, IN $269,600

Springfield, OR $269,400

Bismarck, ND $269,300

Galveston, TX $269,100

Medford, OR $268,700

Fort Collins, CO $268,600

Concord, NH $268,500

Austin, TX $268,400

Mesa, AZ $267,800

Reading, PA $267,800

Phoenix, AZ $267,800

Dallas, TX $267,700

Saint Cloud, MN $267,400

Madison, WI $267,100

Utica, NY $266,300

Rochester, NY $265,900

Des Moines, IA $265,900

Raleigh, NC $265,900

Atlanta, GA $265,500

Battle Creek, MI $265,400

Salt Lake City, UT $265,300

Lancaster, PA $264,900

Harrisburg, PA $264,500

Fort Worth, TX $264,200

Champaign, IL $264,200

Kansas City, MO $264,200

Kansas City, KS $264,200

Columbus, OH $264,100

Boca Raton, FL $264,000

Pittsburgh, PA $263,900

Indianapolis, IN $263,800

Richmond, VA $263,800

Cleveland, OH $263,700

Cincinnati, OH $263,400

Las Vegas, NV $263,400

Petersburg, VA $263,000

Huntsville, AL $262,600

Lansing, MI $262,400

Lebanon, PA $262,400

Pueblo, CO $262,400

Appleton, WI $262,300

Buffalo, NY $262,200

Dayton, OH $262,100

Charlotte, NC $262,000

Racine, WI $262,000

Saint Louis, MO $261,900

York, PA $261,800

Elkhart, IN $261,800

Gastonia, NC $261,700

Billings, MT $261,700

Beaumont, TX $261,600

Benton Harbor, MI $261,500

Lorain, OH $261,500

Toledo, OH $261,400

Rock Hill, SC $261,300

Binghamton, NY $261,300

Rockford, IL $261,100

Springfield, IL $261,000

Elyria, OH $261,000

Fargo, ND $261,000

Flagstaff, AZ $260,800

Fort Lauderdale, FL $260,600

Duluth, MN $260,500

Miami, FL $260,500

Cheyenne, WY $260,300

Grand Forks, ND $260,300

Bangor, ME $259,700

Cedar Rapids, IA $259,400

Durham, NC $259,300

Louisville, KY $259,200

Grand Rapids, MI $259,200

Hialeah, FL $259,200

Casper, WY $258,800

Scranton, PA $258,500

Virginia Beach, VA $258,400

New Orleans, LA $258,400

Akron, OH $258,200

Peoria, IL $257,900

Sarasota, FL $257,800

Nashville, TN $257,600

Omaha, NE $257,600

Green Bay, WI $257,600

Baton Rouge, LA $257,500

Charleston, SC $257,400

Jamestown, NY $257,300

Davenport, IA $257,300

Tucson, AZ $257,200

Saint Petersburg, FL $257,000

Tampa, FL $256,900

Evansville, IN $256,800

Port Arthur, TX $256,800

Bradenton, FL $256,700

Santa Fe, NM $256,200

Orlando, FL $255,700

Clearwater, FL $255,600

La Crosse, WI $255,000

Canton, OH $255,000

Albuquerque, NM $254,900

Newport News, VA $254,900

High Point, NC $254,800

Ogden, UT $254,700

Corpus Christi, TX $254,400

Norfolk, VA $254,300

Laramie, WY $254,300

Saginaw, MI $254,100

Rock Island, IL $254,100

Jacksonville, FL $254,000

Salisbury, NC $254,000

Boise, ID $253,900

Moline, IL $253,800

Fort Myers, FL $253,700

Memphis, TN $253,700

Tulsa, OK $253,500

Waterloo, IA $253,400

Spartanburg, SC $253,100

Lincoln, NE $253,000

Fort Wayne, IN $252,900

Provo, UT $252,900

Cedar Falls, IA $252,600

San Antonio, TX $252,400

Greensboro, NC $252,300

South Bend, IN $252,300

Savannah, GA $252,000

Birmingham, AL $251,900

Muskegon, MI $251,900

Winston Salem, NC $251,700

Lake Charles, LA $251,100

Anderson, IN $251,000

Lexington, KY $251,000

Augusta, GA $250,900

Greenville, SC $250,900

Lima, OH $250,700

Wichita, KS $250,600

Tuscaloosa, AL $250,600

Columbia, SC $250,400

Springfield, OH $250,300

Asheville, NC $249,900

Bloomington, IN $249,700

Knoxville, TN $248,700

Shreveport, LA $248,700

Wilmington, NC $248,400

Roanoke, VA $248,400

Topeka, KS $247,900

Frankfort, KY $247,800

Oklahoma City, OK $247,600

Chillicothe, OH $247,500

Longview, TX $247,500

Melbourne, FL $247,500

Sioux Falls, SD $247,000

Mobile, AL $247,000

Terre Haute, IN $246,900

Altoona, PA $246,800

Amarillo, TX $246,600

Killeen, TX $246,500

Fayetteville, AR $246,300

Chattanooga, TN $246,200

Sioux City, IA $245,900

Idaho Falls, ID $245,900

Lynchburg, VA $245,700

Gainesville, FL $245,300

Portsmouth, OH $245,200

Little Rock, AR $245,100

Youngstown, OH $245,000

Lafayette, LA $245,000

Daytona Beach, FL $244,900

Clarksville, TN $244,800

Pensacola, FL $244,800

Temple, TX $244,800

Hopkinsville, KY $244,000

Erie, PA $243,900

Florence, SC $243,800

Charleston, WV $243,400

Great Falls, MT $243,300

Macon, GA $242,900

Tallahassee, FL $242,800

Fayetteville, NC $242,800

Waco, TX $242,700

Helena, MT $242,600

Pine Bluff, AR $242,400

Vincennes, IN $242,100

Lubbock, TX $242,000

Alamogordo, NM $241,800

Twin Falls, ID $241,600

Rapid City, SD $241,500

Jackson, MS $241,000

Huntington, WV $241,000

Greenville, MS $241,000

Parkersburg, WV $240,700

Montgomery, AL $240,700

Wichita Falls, TX $240,400

Springfield, MO $240,400

Biloxi, MS $240,300

Monroe, LA $240,000

Johnstown, PA $239,800

Sumter, SC $239,700

Columbus, GA $239,700

Pascagoula, MS $239,200

Abilene, TX $239,200

Kingsport, TN $238,500

Albany, GA $238,500

Gulfport, MS $238,400

Alexandria, LA $237,500

Fort Smith, AR $236,800

El Paso, TX $236,100

Las Cruces, NM $234,900

Harlingen, TX $234,200

Pocatello, ID $234,100

Florence, AL $233,800

Brownsville, TX $233,700

Mcallen, TX $233,100

Dothan, AL $232,800

Columbus, MS $231,200

Altus, OK $229,900

Lawton, OK $229,400

Pierre, SD $228,400

VP Business Development Salary by Company Size: Startups vs. Enterprise

VP Business Development salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $302,966. While startup companies pay approximate $256,278.

VP Business Development Salary by Company Size

Company Size	Employees	Average Salary
Startup	1~50	$256,278
Growth Stage	51~500	$271,040
Established	501~5000	$292,552
Enterprise	5000+	$302,966

VP Business Development Salary by Industry: Top Paying Sectors

For VP 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 Software & Networking and Aerospace & Defense sectors offer the strongest compensation, at 20% above the average. In contrast, VP Business Development positions in Hospitality & Leisure or MFG Nondurable typically offer lower base pay, as these industries often view VP Business Development as a support function rather than a direct revenue driver.

The top paying industries for a VP Business Development

Industry Sector	Average Annual Salary	Average Hourly Rate	Pay vs.Avg
Software & Networking	$325,320	$156.0	20%
Aerospace & Defense	$311,765	$150.0	15%
Pharmaceuticals	$311,765	$150.0	15%
Biotechnology	$298,210	$143.0	10%
Energy & Utilities	$298,210	$143.0	10%

How Education impacts a VP Business Development's Salary?

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

$264,000
$261,300
$258,500
$255,800
$253,000
$250,300
$247,600
$244,800

Typical Education for VP Business Development
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%

View as Graph

VP Business Development Salary: Hourly Rate, Weekly Pay, and Monthly Pay

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.

$251,900

Average $271,100/year

$288,100

$20,992

Average $22,592/month

$24,008

$4,844

Average $5,213/week

$5,540

$121

Average $130/hour

$139

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$288,100	$24,008	$5,540	$139
Average	$271,100	$22,592	$5,213	$130
25th Percentile	$251,900	$20,992	$4,844	$121

VP Business Development Salary Growth & Career Path

VP Business Development

Next Role

Advancement

Business Development Executive Top Business Development Executive

For 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 $321,110 - a projected growth of 18% over your current level.

Salary Trends for VP Business Development

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, .

Average Annual Salary of VP Business Development Over Time

$???
$228,217
$233,333
$229,837
$???
$???

2022
2023
2024
2025
2026
2027

Year	Average Annual Salary
2022	View More
2023	$228,217
2024	$233,333
2025	$229,837
2026	View More
2027	View More

Most common benefits for VP Business Development

Social Security
401 (k)
Disability
Healthcare
Pension
Time Off (days)

Common company salaries for VP Business Development

Here are companies hiring for VP Business Development and their salaries, click below for more details.

C $128,509/per year

C R Bard Inc Biotechnology the United States

H $124,697/per year

Henry Schein Canada Biotechnology the United States

N $123,899/per year

Nordex Inc Biotechnology the United States

N $120,416/per year

Nipro Corp Biotechnology the United States

E $115,870/per year

Enovis Biotechnology the United States

A $114,553/per year

Advanced Research Projects Agency - Energy Biotechnology the United States

M $112,110/per year

MiniMed Inc Biotechnology the United States

L $111,500/per year

Labcorp Drug Development Biotechnology the United States

L $110,229/per year

Life Technologies Corp Biotechnology the United States

Z $106,224/per year

Zimmer Biomet Biotechnology the United States

P $103,077/per year

Promontory Therapeutics Biotechnology the United States

S $102,181/per year

Steris PLC Biotechnology the United States

G $97,274/per year

Gavin Conferences Pty Ltd Biotechnology the United States

E $94,764/per year

Endeavor BioMedicines Biotechnology the United States

R $94,402/per year

Replay Holdings LLC Biotechnology the United States

P $94,235/per year

Pleno Inc Biotechnology the United States

S $93,666/per year

Simulaids Inc Biotechnology the United States

N $88,880/per year

NOIRLab/CAS Biotechnology the United States

O $86,468/per year

Onward Technology Biotechnology the United States

L $84,895/per year

LED Medical Diagnostics Inc Biotechnology the United States

E $84,682/per year

Eyeco Ltd Biotechnology the United States

P $84,523/per year

Paerosol Biotechnology the United States

I $83,525/per year

IONIQ Sciences Inc Biotechnology the United States

S $82,815/per year

Stateside PPE Biotechnology the United States

D $82,041/per year

Digi Bio Biotechnology the United States

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FAQ about VP Business Development

1. What industry pays the highest salary for VP Business Development?

The Software & Networking industry offers the highest average compensation for VP Business Development roles, with salaries approximately 20% above the market median.

2. What does a VP of business development do?

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.

3. Is a Business Development executive a high position?

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.

4. How much does a VP in J.P. Morgan earn in USA?

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.

5. What does the VP of the USA earn?

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.

6. What is the average bonus for a vice president?

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.

7. How much does a VP of business development make at JP Morgan?

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.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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