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The differences between account managers and account development managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an account manager and an account development manager. Additionally, an account development manager has an average salary of $72,375, which is higher than the $68,535 average annual salary of an account manager.
The top three skills for an account manager include customer service, account management and healthcare. The most important skills for an account development manager are customer relationships, customer accounts, and CRM.
| Account Manager | Account Development Manager | |
| Yearly salary | $68,535 | $72,375 |
| Hourly rate | $32.95 | $34.80 |
| Growth rate | 5% | 5% |
| Number of jobs | 152,261 | 214,004 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 78% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Account managers are employees who act as the bridge between the company they represent and the client of the company. They are assigned to handle specific clients so that the company will be able to tailor-fit any product or service according to the clients' requirements. Account managers are responsible for maintaining a harmonious relationship between the two parties by ensuring that any agreement made is amenable to both the company and the client. They are also responsible for ensuring that the company will be able to provide the needs of the client within any limitation that the client may have. Account managers also ensure that the company's reputation and well-being are always considered in any dealings.
An account development manager's responsibilities revolve around securing and reaching sales targets, creating business plans, developing strategies, and building positive relationships with clients. They must also reach out to clients through calls and correspondence, offer products and services, and address any issues and concerns, resolving them promptly and efficiently. There are also instances when they have to collect and process payments, perform follow-up calls, negotiate contracts, and even open and close accounts. Furthermore, as a manager, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.
Account managers and account development managers have different pay scales, as shown below.
| Account Manager | Account Development Manager | |
| Average salary | $68,535 | $72,375 |
| Salary range | Between $42,000 And $110,000 | Between $43,000 And $120,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | Washington | New York |
| Best paying company | NVIDIA | NVIDIA |
| Best paying industry | Technology | Technology |
There are a few differences between an account manager and an account development manager in terms of educational background:
| Account Manager | Account Development Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between account managers' and account development managers' demographics:
| Account Manager | Account Development Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.8% Female, 45.2% | Male, 61.8% Female, 38.2% |
| Race ratio | 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% | 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 | 7% | 7% |