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The differences between account administrators and business development account managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an account administrator, becoming a business development account manager takes usually requires 6-8 years. Additionally, a business development account manager has an average salary of $99,209, which is higher than the $40,149 average annual salary of an account administrator.
The top three skills for an account administrator include customer service, data entry and financial statements. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Account Administrator | Business Development Account Manager | |
| Yearly salary | $40,149 | $99,209 |
| Hourly rate | $19.30 | $47.70 |
| Growth rate | 6% | 5% |
| Number of jobs | 136,654 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 78% |
| Average age | 47 | 46 |
| Years of experience | 6 | 8 |
An account administrator receives and verifies goods and services billing and requisitions in an organization. Account administrators review and reconcile accounts, maintain up-to-date receipts and invoice records, and process payments to the company's external partners. Often, they need to contact vendors and clients to be able to perform their tasks. They should be equipped with skills in payroll administration, management, and business expertise. There are also tools that they need to be proficient with, such as accounting software and quality management tools.
A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Account administrators and business development account managers have different pay scales, as shown below.
| Account Administrator | Business Development Account Manager | |
| Average salary | $40,149 | $99,209 |
| Salary range | Between $29,000 And $54,000 | Between $57,000 And $170,000 |
| Highest paying City | Freeport, NY | San Francisco, CA |
| Highest paying state | New Jersey | New Hampshire |
| Best paying company | AbbVie | Meta |
| Best paying industry | Technology | - |
There are a few differences between an account administrator and a business development account manager in terms of educational background:
| Account Administrator | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between account administrators' and business development account managers' demographics:
| Account Administrator | Business Development Account Manager | |
| Average age | 47 | 46 |
| Gender ratio | Male, 29.4% Female, 70.6% | Male, 62.4% Female, 37.6% |
| Race ratio | Black or African American, 9.7% Unknown, 4.7% Hispanic or Latino, 19.2% Asian, 5.3% White, 60.5% American Indian and Alaska Native, 0.6% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 7% |