Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between account executive-fields and business development executives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development executive has an average salary of $97,871, which is higher than the $72,343 average annual salary of an account executive-field.
The top three skills for an account executive-field include CRM, product knowledge and technology solutions. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Account Executive-Field | Business Development Executive | |
| Yearly salary | $72,343 | $97,871 |
| Hourly rate | $34.78 | $47.05 |
| Growth rate | 4% | 10% |
| Number of jobs | 160,285 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
The field account executive works with the sales and marketing team and accounts planning to create a strategy that will improve sales. This person also monitors competition and the performances of all handled accounts. The field account executive also provides ideas for product development and helps create marketing campaigns and other advertising strategies. Through an account executive's inputs and ideas, the company can focus on successful campaigns to expand.
A business development executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Account executive-fields and business development executives have different pay scales, as shown below.
| Account Executive-Field | Business Development Executive | |
| Average salary | $72,343 | $97,871 |
| Salary range | Between $49,000 And $104,000 | Between $64,000 And $149,000 |
| Highest paying City | - | Phoenix, AZ |
| Highest paying state | - | Arizona |
| Best paying company | - | Clifford Chance |
| Best paying industry | - | Pharmaceutical |
There are a few differences between an account executive-field and a business development executive in terms of educational background:
| Account Executive-Field | Business Development Executive | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Georgia |
Here are the differences between account executive-fields' and business development executives' demographics:
| Account Executive-Field | Business Development Executive | |
| Average age | 44 | 39 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 6.8% Unknown, 4.1% Hispanic or Latino, 15.8% Asian, 5.6% White, 67.4% American Indian and Alaska Native, 0.4% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 5% | 10% |