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The differences between account managers and business development account 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 a business development account manager. Additionally, a business development account manager has an average salary of $99,209, 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 development account manager are business development, customer service, and customer relationships.
| Account Manager | Business Development Account Manager | |
| Yearly salary | $68,535 | $99,209 |
| Hourly rate | $32.95 | $47.70 |
| Growth rate | 5% | 5% |
| Number of jobs | 152,261 | 222,573 |
| 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.
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 managers and business development account managers have different pay scales, as shown below.
| Account Manager | Business Development Account Manager | |
| Average salary | $68,535 | $99,209 |
| Salary range | Between $42,000 And $110,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | New Hampshire |
| Best paying company | NVIDIA | Meta |
| Best paying industry | Technology | - |
There are a few differences between an account manager and a business development account manager in terms of educational background:
| Account Manager | Business Development Account 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 business development account managers' demographics:
| Account Manager | Business Development Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 54.8% Female, 45.2% | Male, 62.4% Female, 37.6% |
| 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% |