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VP of Business Development Salaries in Thunder Bay, ON

• What is the average VP of Business Development salary for Thunder Bay, ON?
  How much does a VP of Business Development in Thunder Bay, ON make? The median annual VP of Business Development salary in Thunder Bay, ON is C$276,203, as of September 23, 2026, with a range usually between C$235,529-C$323,114 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title VP of Business Development may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title VP of Business Development in Thunder Bay, ON.

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• About this chart
  This chart describes the expected percentage of people who perform the job of VP of Business Development in Thunder Bay, ON that make less than that salary. For example 50% of the people who perform the job of VP of Business Development in Thunder Bay, ON are expected to make less than the median.
  Source: HR Reported data as of September 23, 2026

• Job Description for VP 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. 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. 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. 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. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. View full job description

• Similar Job titles to VP of Business Development
  • Business Development Director
  • Business Development Manager
  • Business Development Manager, Sr.
  • Chief Business Development Officer
  • SVP of Business Development
  • VP of Business Operations Strategy
  • VP of Claims
  • VP of Development and Fundraising

• Level of Education
  • VP of Business Development Salaries with a Bachelor's Degree
  • VP of Business Development Salaries with a Master's Degree or MBA
  • VP of Business Development Salaries with a JD, MD, PhD or Equivalent

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• Categories that include VP of Business Development
  • Sales
  • Executive and Management

• VP of Business Development Salaries by Province in Canada
  • Alberta
  • British Columbia
  • Manitoba
  • New Brunswick
  • Newfoundland and Labrador
  • Nova Scotia
  • Northwest Territories
  • Nunavut
  • Ontario
  • Prince Edward Island
  • Quebec
  • Saskatchewan
  • Yukon

• Sales Jobs by Salary Range
  • <$30K
  • $30K–$50K
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  • $80K–$100K
  • >$100K