Vp

vp of business development (vice president of business development)

You're the senior executive responsible for business development — sourcing partnerships, structuring deals, and being the senior commercial voice on the transactions that grow the company. Half senior dealmaker, half cross-functional coalition builder.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
E
C
I
S
A
R
Enterprisingleading, persuading
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Job markets for vp of business development (vice president of business development)s
Employment concentration · ~335 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a vp of business development (vice president of business development)

Most days tend to involve a blend of partner conversations, deal-level work, and executive leadership coordination — early-stage prospect discussions, structuring conversations with finance and legal, and pipeline reviews with the leadership team. You'll often spend part of the time on strategic priorities — what kinds of deals to pursue, which markets to enter — and part on active negotiations.

The hardest part is often the cross-functional reality of business development — deals need product, legal, finance, and sales to all say yes, and any one can stop a transaction. You'll typically influence across functions you don't own, while being accountable for outcomes that depend on the whole organization.

People who tend to thrive here are commercially instinctive, relationally skilled, and patient with deal cycles that often take longer than they should. The trade-off is the discontinuous nature of BD outcomes — quarters can be quiet and then concentrated. If you find satisfaction in shaping the deals that change the company's shape, this role offers one of the most consequential commercial seats below the C-suite.

Working ConditionsHigh
AchievementHigh
RelationshipsAbove avg
IndependenceAbove avg
RecognitionAbove avg
SupportAbove avg
O*NET Work Values survey
✦ Editorial — written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape — and where it can take you.

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all vp of business development (vice president of business development)s (SOC 11-2021.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Career Growth OptionsBusiness Operations track →
vp of business development (vice president of business development)vp of operations (vice president of operations)
Exploring the vp of business development (vice president of business development) career path? Truest helps you figure out if it's the right fit — and plan your path forward.
Explore career tools
✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$82K–$208K
Salary Range
10th – 90th percentile
385K
U.S. Employment
+6.6%
10yr Growth
34K
Annual Openings

How this category is changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

Reading ComprehensionActive ListeningSpeakingCritical ThinkingSocial PerceptivenessActive LearningJudgment and Decision MakingPersuasionMonitoringComplex Problem Solving
O*NET OnLine · Bureau of Labor Statistics
11-2021.00

Navigate your career with clarity

Truest gives you tools to understand your strengths, explore roles that fit, and plan your next move.

Explore Truest career tools
Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.