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Vice President, Business Development - Placement Services

Company Description

Want to make a difference in the world?  Become a Keypather.

At Keypath, you could impact a student's future for generations and make a significant societal impact.  Our Keypathers guide the student experience and deliver programs that help solve global social and economic challenges. We partner with the world's leading universities to extend their reach and help every student achieve their full potential.

Job Description

This newly created position will lead all business development initiatives for Keypath Education’s new stand-alone clinical placement services. The Vice President will be responsible for developing the strategy, planning, selling, and contract negotiation/execution with prospective university and other consumer partners. The qualified candidate will produce compelling presentations and carry credibility with senior audiences. This position reports directly to our Chief Executive Officer and will work directly with members of our senior leadership team to earn the trust of university and other industry leaders to create mutually beneficial partnerships.

To excel in this role, additional essential qualities include emotional intelligence, resilience, curiosity, creativity, and a results-driven mindset. These attributes will complement the core responsibilities and enable the Vice President to deliver transformative impact in the higher education sector.

What You will Be Doing as the Vice President, Business Development – Placement Services

  • Research and identify compelling data on clinical placement services, universities, and other potential consumers to create sales presentations
  • Leverage a curious approach to thoroughly understand consumer challenges and identify innovative solutions
  • Enlist time and expertise from Keypath colleagues to assist with various stages of the sales process Demonstrate interpersonal skills to build trust and foster collaboration among internal and external stakeholders
  • Work with other staff that support the sales process; organize and lead the development of proposal strategies that focus on Keypath Education’s financial positioning, product offerings, and value in the higher education marketplace
  • Leverage the expertise of internal partners to support you in building the brand messaging
  • Collaborate creatively to differentiate Keypath's services in a competitive market
  • Develop and drive key objectives and alignment between potential partners and Keypath Education
  • Work closely with senior leadership to build the marketing plan, including how to target and close specific services in specific schools
  • Negotiate business terms to establish mutually beneficial partner agreements; utilize outstanding negotiation skills paired with resilience to close challenging deals successfully
  • Manage partner relationships throughout the lifecycle of identification/discovery, enablement, support, and go-to-market.
  • Communicate and make formal presentations to senior-level audiences within the higher education sector
  • Call on new clients to conduct a needs analysis and explain features of services, costs, and advantages
  • Using a Solution Selling sales approach, work with prospective and existing clients to determine needs and develop the appropriate sales strategy to secure new services
  • Keep Sales CRM data current; provide summaries of strategy calls and onsite visits, identify deliverables, and establish timeframes for contract execution; leverage tech savviness to maintain accurate, actionable records and insights
  • Manage the proposal process by coordinating with appropriate areas of the organization to ensure timeliness and quality of Master Agreements and Term Sheets consistent with Keypath Education’s Business Development Strategic Objectives and Profitability Analysis
  • Contribute to the overall success of the business as a key member of the leadership team

Qualifications

Education:

  • Bachelor’s degree required; Master’s degree is a plus

Experience:

  • 10+ years of a successful, demonstrable record of accomplishment in business development
  • Experience with selling into Higher Education sector
  • Experience selling into complex environments
  • Healthcare industry experience is a plus
  • Experience with developing and structuring agreements to support Keypath Education and partner objectives
  • Experience with fee-for-service business development initiatives

Skills/Attributes:

  • Ability to create business development strategies; write effective proposals; and establish cooperative working relationships
  • Exceptional at building and nurturing relationships, fostering trust, and strengthening connections with clients and stakeholders
  • Excellent negotiation skills paired with adaptability to navigate challenges
  • Results-oriented professional with strong work ethic
  • Demonstrated success working independently while managing concurrent activities
  • Outstanding interpersonal, written, and verbal communication skills
  • Tech-savviness to leverage tools like CRM platforms for strategic decision-making
  • Ability to travel as needed

Additional Information

Our salary structure and compensation philosophy reflect the value we place on our employees' experience, education, and skills. We pride ourselves on offering a competitive and fair total rewards package that considers the market.

The base salary range for this position is between USD $135,000-$165,000 (+ commission plan) with actual pay adjusted based on factors such as experience, location, market conditions, departmental budgets, and job responsibilities. Our Talent Acquisition Team is available to answer any questions and discuss your salary requirements.

Keypath  partners with SmartRecruiters and uses AI technology with SmartAssistant to efficiently screen, source, and match candidates using data and algorithms.

In joining our team, you also can enjoy a range of benefits designed to support your well-being and professional growth:

  • Embrace the flexibility of remote, hybrid, and flexible work options.
  • Access a competitive array of medical, vision, and dental insurance plans.
  • Take advantage of our Employee Assistance Program (EAP) and various mental health and well-being support programs.
  • Invest in your future with our tuition reimbursement and professional development programs.
  • Secure your retirement with our 401(k) retirement contributions and company matching.
  • Enjoy our paid leave policies designed to ensure you have the time to rest and recharge.
  • Company-supported life and AD&D insurance, along with short-term and long-term disability coverage.
  • Inclusive parental leave programs designed to support you and your family.

Want to make a difference in the world? Become a Keypather. 

Apply today

A little bit about us 

Keypath Education is a leading global edtech company that partners with the world’s leading Universities to create innovative and in-demand online education programs and champion the student journey from enrolment to graduation. We are a rapidly growing, fast-moving international team who value community, collaboration, innovation, and lifelong learning. 

Certified as a Great Place to Work, our corporate office is in Schaumburg, Illinois. We gather teams of experts from digital marketing, course development, web development, finance, and student service backgrounds to support university partners in the US and around the world. 

Why Keypath
Sure, anyone can tell you how good their company culture is, but we encourage you to read our reviews and form your own opinion. We’ve got a caring and engaged Global CEO who replies to Glassdoor reviews personally and recognizes that the only way we can achieve our vision is through an inclusive culture that celebrates diversity, works in harmony, and cares for our community.

Keypath Education is an equal opportunity employer that does not discriminate against applicants or employees and ensures equal employment opportunity for all persons regardless of their race, creed, color, religion, sex, sexual orientation, pregnancy, national origin, age, marital status, disability, citizenship, military or veterans’ status, or any other classifications protected by applicable federal, state, or local laws. Keypath’s equal opportunity policy applies to all terms and conditions of employment, including but not limited to recruiting, hiring, training, promotion, job benefits, pay and dismissal.

Keypath Education Glassdoor Company Review
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CEO of Keypath Education
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Steve Fireng
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Average salary estimate

$150000 / YEARLY (est.)
min
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$135000K
$165000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Vice President, Business Development - Placement Services, Keypath Education

Are you ready to take your career to the next level? Keypath Education is searching for a passionate Vice President of Business Development - Placement Services to help us make a significant impact in higher education. Based in Schaumburg, IL, this newly created position offers an exciting opportunity to lead all business development initiatives for our new stand-alone clinical placement services. You'll have the chance to work directly with our CEO and senior leadership team, collaborating with industry leaders to forge beneficial partnerships and change students' lives. In this role, you’ll dive into research and market analysis, crafting compelling presentations that demonstrate both your credibility and our value proposition to prospective university and consumer partners. You'll also utilize your exceptional negotiation skills to establish agreements that support Keypath's objectives while delivering on client needs using a solution-oriented approach. Creativity and resilience are key traits we’re looking for, as you’ll need to navigate the complexities of the higher education landscape and differentiate our services in a competitive market. If you're ready to inspire change and drive significant results while working in a supportive and innovative environment, we want you on our team as we continue to partner with premier universities around the world. Join Keypath Education, where your work will impact future generations for years to come!

Frequently Asked Questions (FAQs) for Vice President, Business Development - Placement Services Role at Keypath Education
What are the responsibilities of the Vice President of Business Development - Placement Services at Keypath Education?

As the Vice President of Business Development - Placement Services at Keypath Education, you'll spearhead all initiatives related to business development for our clinical placement services. This includes creating strategies, conducting market analysis, crafting compelling sales presentations, and establishing relationships with universities and other partners. Furthermore, your role will involve negotiating contracts, managing partner relationships, and collaborating with senior leadership to execute marketing plans effectively.

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What qualifications are required for the Vice President of Business Development position at Keypath Education?

Keypath Education requires candidates for the Vice President of Business Development - Placement Services role to have a Bachelor’s degree, with a Master’s preferred. Additionally, a successful track record of at least 10 years in business development, particularly within the higher education sector, is essential. Experience in navigating complex environments and familiarity with the healthcare industry are pluses. A strong skill set in relationship building, negotiation, and communication is crucial for success in this role.

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How does Keypath Education support the personal and professional growth of the Vice President of Business Development?

At Keypath Education, we believe in investing in our employees' personal and professional growth. As the Vice President of Business Development - Placement Services, you will have access to a range of developmental programs, including tuition reimbursement and professional development opportunities that encourage lifelong learning. Additionally, our inclusive work environment is designed to foster collaboration and innovation, allowing you to develop your skills effectively.

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What types of challenges will the Vice President of Business Development face at Keypath Education?

The Vice President of Business Development - Placement Services at Keypath Education will encounter various challenges, primarily in navigating the competitive landscape of higher education. With rapid changes in student needs, technological advancements, and market dynamics, you’ll need to be adaptable, creatively solving problems while effectively communicating and negotiating with potential university partners to achieve mutually beneficial agreements.

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What is the salary range for the Vice President of Business Development - Placement Services at Keypath Education?

The salary range for the Vice President of Business Development - Placement Services position at Keypath Education is between USD $135,000 and $165,000, accompanied by a commission plan. Actual pay will be determined based on factors such as experience, location, and market conditions. Our focus is on ensuring equitable compensation that reflects the value of our employees.

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Common Interview Questions for Vice President, Business Development - Placement Services
Can you describe your experience in business development within the higher education sector?

In answering this question, outline your relevant work history, focusing on specific roles in business development within higher education organizations. Highlight your achievements, such as successful partnerships you established or strategic initiatives you led, emphasizing how they contributed to organizational goals.

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What strategies would you use to build partnerships with universities?

When discussing strategies for building partnerships, emphasize your approach to understanding the needs of universities and how your flexible, solution-oriented approach allows you to create tailored partnerships that address those needs. Mention specific methods such as conducting thorough research and leveraging data to support your proposals.

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How do you handle negotiations, especially in complex environments?

Respond by discussing your negotiation philosophy. Provide examples of challenging negotiations you've successfully navigated, highlighting your ability to remain professional, adaptable, and resilient. Emphasize the importance of collaboration and understanding both parties' needs to reach mutually beneficial outcomes.

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What role does emotional intelligence play in business development?

Explain that emotional intelligence is crucial in business development, as it allows for better communication, understanding client needs, and building trust. Discuss how you have used emotional intelligence to connect with stakeholders and navigate difficult conversations, ultimately leading to successful outcomes.

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Can you give an example of a successful presentation you've delivered to a senior audience?

Describe a specific situation where you delivered a presentation to a senior audience. Focus on the preparation process, the key points you highlighted, and the feedback you received afterward. Emphasize the importance of clarity and engagement in your presentations.

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What tools do you leverage for market analysis and CRM management?

Mention the CRM tools you are familiar with and how you utilize data analytics for market insights. Discuss your experience with analyzing trends, understanding client needs, and adjusting your strategies accordingly. Highlight how tech-savviness supports your decision-making process.

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What do you believe sets Keypath Education apart in the higher education market?

Discuss your research on Keypath Education, highlighting its innovative approach and commitment to student success. Mention its partnerships with top universities and the transformative impact it has on education as aspects that resonate with you and align with your professional values.

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How would you promote Keypath's clinical placement services to potential partners?

Outline an action plan, focusing on targeted marketing strategies, networking, and leveraging existing relationships. Be prepared to detail how you would tailor messaging to address the specific needs of prospective partners, showcasing the unique value propositions of Keypath's services.

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Describe a time when you faced a setback in business development. How did you handle it?

Share a specific example, focusing on your thought process and the steps you took to overcome the setback. Highlight the lessons learned and how they contributed to personal and professional growth.

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What motivates you as a business development professional?

Discuss your passion for education and its impact on society, as well as your drive to foster meaningful partnerships that enable students to achieve their full potential. Share how this motivation aligns with Keypath Education's mission and vision.

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DATE POSTED
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