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The differences between account managers and business developers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business developer has an average salary of $101,635, 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 a business developer are healthcare, CRM, and customer service.
| Account Manager | Business Developer | |
| Yearly salary | $68,535 | $101,635 |
| Hourly rate | $32.95 | $48.86 |
| Growth rate | 5% | 10% |
| Number of jobs | 152,261 | 193,469 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Average age | 46 | 44 |
| Years of experience | 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.
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Account managers and business developers have different pay scales, as shown below.
| Account Manager | Business Developer | |
| Average salary | $68,535 | $101,635 |
| Salary range | Between $42,000 And $110,000 | Between $66,000 And $156,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | NVIDIA | Apple |
| Best paying industry | Technology | Manufacturing |
There are a few differences between an account manager and a business developer in terms of educational background:
| Account Manager | Business Developer | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Western Carolina University |
Here are the differences between account managers' and business developers' demographics:
| Account Manager | Business Developer | |
| Average age | 46 | 44 |
| Gender ratio | Male, 54.8% Female, 45.2% | Male, 65.8% Female, 34.2% |
| 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, 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 | 7% | 11% |