How Much Does A VP Of Business Development Make?

We will share with you how much a VP of business development makes. Also, we will tackle the different factors of the salary for this position.

VP Of Business Development Make Per Year

The average salary of a VP of business development is $122,155. This means that on average business development executives make $57.35 per hour.

When figuring out how much a VP of business development makes per month. So you need to factor in the company size. 

Small companies will have smaller salaries than larger ones. Also, the industry plays a role, with some industries paying more than others. 

Here are some average salary figures for this position:

• Small Companies – $27,821 per year or $2,068 per month
• Medium Companies – $130,895 per year or $8,547 per month
• Large Companies – $177,073 per year or $11,354 per month

How Much Does A VP Of Business Development Make Per Hour?

On average, VPs of business development make $57.35 an hour. The range is from $25.73 to $106.28 an hour. 

So the average hourly wage for small companies is $31.77 and for large companies, it is $80 an hour. Medium and large companies offer the highest pay for senior business developers at between $68 and $100 an hour. 

These companies usually have annual salaries between $100 and $150K depending on the years of experience. And also, specific job titles held in the company. 

The hourly wage can go up to as much as $150 an hour. In some cases when you add in the bonus and profit-sharing plans.

That many larger companies use to attract and retain top talent in this field. Now that we have tackled the salary of a VP of business development.

Let us now discuss the information.

Who Is VP Of Business Development?

A vice president (VP) of business development is a high-level executive position. This person is responsible for developing and maintaining business relationships and revenue streams.

They create strategies, source new projects, and keep their company competitive. The VP of development position requires a lot of experience and education.

This job requires that you have a bachelor’s degree in marketing or business. It is also important that you have at least five years of experience in the industry.

If you do not have these requirements, then you will need to start your career as an assistant to the VP of business development.

How To Get A Job As VP Of Development?

To get a job as a VP of development, you should start by networking and building relationships within the industry. 

This will help to increase your chances of getting noticed by the right people. Also, you must keep track of what is going on in the industry.

Also, as well as keeping your resume updated. Once you have built up your resume and network.

Then it is time to start looking for a job as a VP of development. You should go through job boards and industry publications to find open positions for this position.

You can also attend trade shows and conferences to find companies looking for a VP ofbusiness development.