
The average State Farm Insurance VP of Business Development earns an estimated $214,224 annually. State Farm Insurance's VP of Business Development compensation is $3,123 more than the US average for a VP of Business Development.
The Business Development Department at State Farm Insurance earns $9,385 more on average than the Operations Department.
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VPs of Business Development earn $6,813 more than Directors of Business Development.
The Business Development Department averages $9,385 more than the Operations Department, and $11,747 less than the Engineering Department
The average female VP of Business Development at companies similar size to State Farm Insurance reported making $315,250, while the average male VP of Business Development at similar sized companies reported making $283,234.
The average Caucasian VP of Business Development at companies similar size to State Farm Insurance reported making $304,764, while the average African American/Black VP of Business Development at similar sized companies reported making $140,000.
The majority of VPs of Business Development at State Farm Insurance believe they're compensated fairly. 70% of VPs of Business Development at State Farm Insurance say they receive annual bonuses, and the majority (60%) are satisfied with their benefits. See more compensation ratings at State Farm Insurance