As of April 01, 2025, the average annual salary for a Executive Vice President of Business Development in the United States is $290,003. Salary.com reports that pay typically ranges from $257,814 to $326,061, with most professionals earning between $228,508 and $358,890.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $326,061 | $27,172 | $6,270 | $157 |
| Average | $290,003 | $24,167 | $5,577 | $139 |
| 25th Percentile | $257,814 | $21,485 | $4,958 | $124 |
An entry-level Executive Vice President of Business Development with less than 1 year of experience earns about $270,295. With 1-2 years of experience, the average salary increases to $273,178. For 2-4 years of experience, the pay typically rises to $277,021. Senior-level professionals with 5-8 years of experience earn around $282,787, and those with over 8 years of experience can expect an average of $289,993.
| Levels | Salary |
|---|---|
| Entry Level Executive Vice President of Business Development | $270,295 |
| Intermediate Level Executive Vice President of Business Development | $273,178 |
| Senior Level Executive Vice President of Business Development | $277,021 |
| Specialist Level Executive Vice President of Business Development | $282,787 |
| Expert Level Executive Vice President of Business Development | $289,993 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of April 01, 2025, our research reveals a significant shift in Executive Vice President of Business Development compensation over the past six years. For example, the median salary increased from $289,994 in 2023 to approximately $287,937 in 2024. (For a detailed analysis of Executive Vice President of Business Development salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Executive Vice President of Business Development information for you to search for. Click on search button below to see Executive Vice President of Business Development job openings or enter a new job title here.
Here are companies hiring for Executive Vice President of Business Development and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $290,003 | 76.6% | ||
| Bonus | $0 | 0.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $14,658 | 3.9% | ||
| 401K/403B | $10,500 | 2.8% | ||
| Disability | $5,800 | 1.5% | ||
| Healthcare | $8,352 | 2.2% | ||
| Pension | $13,500 | 3.6% | ||
| Time Off | $35,693 | 9.4% | ||
| Total Compensation | $378,506 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.5% |
| High School | 2.3% |
| Associates | 2.6% |
| Bachelors | 33.1% |
| Masters | 53.3% |
| Doctorate | 8.2% |
What Am I Worth?
The salary for an Executive Vice President of Business Development at Bank of America ranges from $286,396 to $404,817, with a midpoint of $339,839. This reflects a significant difference compared to the average pay for a Business Development Officer, which is estimated at $58,630 per year, indicating a higher level of responsibility and compensation for executive roles.
The highest salary for an Executive Vice President of Business Development is $404,817. The top 10% of earners in this role make over $339,839, while the minimum salary starts at $286,396. This reflects the competitive compensation in the field for experienced professionals.
The key difference between VP of Sales and VP of Business Development lies in their focus areas. The VP of Business Development emphasizes strategic partnerships and long-term growth, while the VP of Sales concentrates on executing sales tactics to meet immediate revenue goals. The salary range for a VP of Business Development typically falls between $286,396 and $404,817, reflecting the strategic nature of the role.
The salary for an Executive Vice President of Business Development in the US ranges from a minimum of $286,396 to a maximum of $404,817, with a mid-salary of $339,839. This reflects a significant difference compared to a Business Development Representative, whose average salary is around $59,559.
The Executive Vice President of Business Development is responsible for driving growth by creating, assessing, and managing business opportunities, including acquisitions, mergers, joint ventures, and partnerships. This role plays a crucial part in major capital projects, with a salary range of $286,396 to $404,817, depending on experience and qualifications.
The average salary for an Executive Vice President of Business Development is between $286,396 and $404,817, with a mid-salary of $339,839. This role typically commands a higher compensation compared to a Business Development Representative, reflecting the increased responsibilities and experience required.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
