How much does a Vice President of Business Development make in the United States? The average Vice President of Business Development salary in the United States is $253,103 as of April 24, 2024, but the range typically falls between $227,417 and $282,238. Salary ranges 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 Salary Location Last Updated
10th Percentile Vice President of Business Development Salary $204,031 US April 24, 2024
25th Percentile Vice President of Business Development Salary $227,417 US April 24, 2024
50th Percentile Vice President of Business Development Salary $253,103 US April 24, 2024
75th Percentile Vice President of Business Development Salary $282,238 US April 24, 2024
90th Percentile Vice President of Business Development Salary $308,764 US April 24, 2024
25% $227,417 10% $204,031 90% $308,764 75% $282,238 $253,103 50%(Median) Didn’t find job title? Click
Change Search Criteria

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

Employers: Job Description Management Tool

See user submitted job responsibilities for Vice President of Business Development.

Salary.com job board provides millions of Vice President of Business Development information for you to search for. Click on search button below to see Vice President of Business Development job openings or enter a new job title here.

Job Openings for Vice President of Business Development

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.

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

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 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for a Vice President of Business Development, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
227417
282238
253103

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
270707
371599
314988
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Vice President of Business Development in the United States. The base salary for Vice President of Business Development ranges from $227,417 to $282,238 with the average base salary of $253,103. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $270,707 to $371,599 with the average total cash compensation of $314,988.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

227417
282238

 

Step 3 of 3

How much should you be paid?

View the Cost of Living in Major Cities

Skills associated with Vice President of Business Development: Sales Strategy, Customer Relationship Management (CRM) software, Competitor Analysis, Channel Development ...More

Recently searched related titles: VP of Professional Services

Recently searched related titles: Associate Vice President For Development, Vice President For Advancement, Vp General Manager

Jobs with a similar salary range to Vice President of Business Development : Associate Vice President, VP of Development, Vice President Operational Excellence

Salary estimation for Vice President of Business Development at companies like : Nj Office of Education, Smokeless LLC, Unions

Jobs with a similar salary range to Vice President of Business Development : Vp Professional Services

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