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The differences between account executive-fields and business development specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an account executive-field has an average salary of $72,343, which is higher than the $57,410 average annual salary of a business development specialist.
The top three skills for an account executive-field include CRM, product knowledge and technology solutions. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Account Executive-Field | Business Development Specialist | |
| Yearly salary | $72,343 | $57,410 |
| Hourly rate | $34.78 | $27.60 |
| Growth rate | 4% | 10% |
| Number of jobs | 160,285 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | - | - |
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 specialist is an expert who determines opportunities for marketing strategy optimization and business growth. The specialists perform business process and financial analysis, effective network creation, and business plan implementation. Being a good business development specialist requires knowledge and experience in managing a business. The skillset for the position includes a strong command in English, information technology, attention to detail, and written and verbal communication.
Account executive-fields and business development specialists have different pay scales, as shown below.
| Account Executive-Field | Business Development Specialist | |
| Average salary | $72,343 | $57,410 |
| Salary range | Between $49,000 And $104,000 | Between $38,000 And $85,000 |
| Highest paying City | - | Jersey City, NJ |
| Highest paying state | - | Wisconsin |
| Best paying company | - | Corsair |
| Best paying industry | - | Finance |
There are a few differences between an account executive-field and a business development specialist in terms of educational background:
| Account Executive-Field | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Stanford University | Western Carolina University |
Here are the differences between account executive-fields' and business development specialists' demographics:
| Account Executive-Field | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 50.7% Female, 49.3% |
| 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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 5% | 11% |