The Position Of VP Client Development

How important is the position of a VP of client development? What are the duties of this position? These are the things we will discuss.

What Is VP Of Client Development?

The VP of client development is a position that handles all the client-facing activities. This includes marketing, sales, product management, and executive relations.

The VP is responsible for the overall growth of the company. It is one level below the president in an organization.

A VP of client development might report to the president or CEO (Chief Executive Officer). So they are depending on the structure of the company. 

They are supposed to develop strategic partnerships with customers and business partners.

Responsibilities Of A VP Of Client Development

The responsibilities of a VP of client development are pretty much varied. They will be different from one company to another, based on their objectives and goals. 

However, here are some common responsibilities that you can expect from this position.

1. Develops New Clients And Business Partnerships

The VP of client development is responsible for developing new clients and business partnerships for their company. They have to build long-term relationships with these clients.

This is to grow their business in the long run. They will also have to look for new markets for their products and services.

2. Drives Growth Through Strategic Marketing, Sales, Product Management And Executive Relationships initiatives.

This means that they will have to develop marketing campaigns, sales strategies. Moreover, product development and executive relationships promote the growth of the company. 

They might organize workshops, seminars, or conferences with their clients. This is to improve their brand awareness and enhance their customer relationship management (CRM) strategies. They will also have to maintain a strong relationship with their clients.

3. Develops Marketing Strategies And Sales Forecasts

They are responsible for developing marketing strategies and sales forecasts for their company. Also they have to create new demand generation programs for the company’s products or services. 

They will also have to work on improving their ROI (return on investment). 

4. Research New Markets For The Company’s Products Or Services

So the VP of client development is responsible for researching new markets for the company’s products or services. He or she has to determine which geographic areas can deliver.

It is for the best results for the company’s business objectives. 

What Is The Salary Of A VP Of Client Development?

The salary of a VP of client development will depend on the company and the location. In addition to this, you will have to consider the experience and the skills of the candidate. 

However, here are some average salaries of a VP of client development. In New York, a VP of client development might make about $159,000 per year. 

Also, Chicago, a VP of client development might make about $144,000 per year. In San Francisco, a VP of client development might make about $148,000 per year.

So that is some salary of VP of client development.