FARO Technologies Claimed Company

Headquartered in Lake Mary, Florida, with over 25 offices around the world, FARO provides leading-edge measurement solutions, outstanding customer support and steady industry leadership. When PhD students Simon Raab and Greg Frasier launched FARO from a garage in 1981, they envisioned the start-up as a pioneer for 3D measurement and imaging that would provide precision technology to guide their customers to success. Fittingly, FARO isn’t just an acronym for Frasier and Raab Orthopedics, but a derivative of the ancient Greek word “pharos,” meaning lighthouse — a beacon for people seeking the path forward in both the literal and figurative sense. Today, FARO is proud to continue helping customers see further, realize their vision and successfully navigate through any rough tides that come their way. read more

EMPLOYEE PARTICIPANTS: 23

TOTAL RATINGS: 299

CEO: Michael Burger

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FARO Technologies VP of Business Development Salary

The average FARO Technologies VP of Business Development earns an estimated $184,913 annually. FARO Technologies' VP of Business Development compensation is $26,189 less than the US average for a VP of Business Development.

The Business Development Department at FARO Technologies earns $2,499 more on average than the IT Department.

Last updated a year ago.

$37k

$90k

$145k

$200k

$410k

$824k

$184,913

Average Compensation

$184,913: avg. base

VP of Business Development Salaries at FARO Technologies

VPs of Business Development earn $49,400 more than Business Development Managers.

Business Development Manager

$136k*

Account Manager

$99k*

Account Executive

$83k*

* estimated salary

Compensation at FARO Technologies by Department

The Business Development Department averages $2,499 more than the IT Department, and $7,609 less than the HR Department

$100,438 Avg. total comp.

+$8k

Business Development

$92,829 Avg. total comp.

$90,330 Avg. total comp.

-$2k

VP of Business Development Compensation by Gender (All Companies)

The average female VP of Business Development at companies similar size to FARO Technologies reported making $289,257, while the average male VP of Business Development at similar sized companies reported making $251,458.

VP of Business Development Compensation by Ethnicity (All Companies)

The average Caucasian VP of Business Development at companies similar size to FARO Technologies reported making $263,559, while the average Hispanic or Latino VP of Business Development at similar sized companies reported making $220,000.

How VPs of Business Development at FARO Technologies Rate Their Compensation

The majority of VPs of Business Development at FARO Technologies believe they're not compensated fairly. The majority (57%) of VPs of Business Development at FARO Technologies are satisfied with their benefits. See more compensation ratings at FARO Technologies

Do you believe you're paid fairly?

43% Yes

Does your company give annual bonuses?

0% Yes

Are you satisfied with your Benefits?

57% Yes

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