One of the main duties of vice presidents in business development involves preparing and implementing company marketing and sales plans and strategies, which includes implementing innovative concepts and tools for the business. They are the ones who provide direction and plan for the business and supervise the operations of the business. The vice president of business development has to collaborate closely with a team of management, salespeople and employees at a lower level. Vice-presidents of development are required to obtain contracts from new customers and also oversee ongoing contracts. They must also prepare proposals for existing and new customers, establish and define the company's goals, and develop strategies to meet those the goals. Vice-presidents of development have to establish and maintain a network of contacts both within and outside the company. They typically have a 40-hour work week in a workplace however, they might be required to travel on business trips from time to time. Vice-presidents of development generally require at least a bachelor's degree in a related area such as marketing or business administration; having an MBA is preferred. A minimum of five years of experience in management is preferable. Vice-presidents of development require a collaborative personality with excellent interpersonal abilities. They should be driven and ambitious, as well as possessing outstanding communication skills both verbal and written. A strong negotiation skill is also needed, as are the need to be able to solve problems analytically. They should have demonstrated ability to lead and have a thorough understanding of the business to be able to efficiently perform their tasks.

The Vice President (VP) of Business Development role in the United States is projected to witness substantial growth in the market. Over the past 10 years, this job role has shown steady expansion, with increasing responsibilities and influence. Looking ahead, the future also appears promising, indicating a rise in employment opportunities. The role of VP, Business Development is expected to continue to be in high demand, with a strong outlook for continued growth.

How to Learn

As a Vice President VP, Business Development with 9+ years of experience in the United States, your main responsibilities include:<ul><li> Leading and managing the business development team to drive new client acquisition and revenue growth.Oversee the team's activities, set targets, and implement strategies to meet business development objectives.</li><li> Building and maintaining relationships with key clients and stakeholders.Identify and engage potential clients, nurture existing relationships, and negotiate partnerships and contracts.</li><li> Conducting market research and analysis to identify new business opportunities.Stay informed about industry trends, competitor activities, and market dynamics to leverage new opportunities.</li><li> Developing and implementing business development plans and strategies.</li></ul>

Roles & Responsibilities

Average take home Salary for a Vice President (VP), Business Development in United States is around $204030 per year

Salary Breakup

One of the main duties of vice presidents in business development involves preparing and executing plans for marketing and sales and strategies, which includes implementing innovative concepts and tools for the business. They are the ones who provide direction and plan for the business and supervise the operations of the business. The vice president of business development has to collaborate closely with a team of management, salespeople and employees at a lower level.


Breakup	Range
Base Salary	null - null
Bonus	null - null
Commisssion	null - null
Profit Sharing	null - null
Total Pay	null - null

Vice President (VP), Business Development

Salary Breakup

Skills That Affect Vice President (VP), Business Development Salaries

Explore

More

Get in Touch with Us