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The differences between account officers and business development executives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an account officer, becoming a business development executive takes usually requires 8-10 years. Additionally, a business development executive has an average salary of $97,871, which is higher than the $55,021 average annual salary of an account officer.
The top three skills for an account officer include payroll, KYC and external auditors. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Account Officer | Business Development Executive | |
| Yearly salary | $55,021 | $97,871 |
| Hourly rate | $26.45 | $47.05 |
| Growth rate | 17% | 10% |
| Number of jobs | 135,559 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 75% |
| Average age | 46 | 39 |
| Years of experience | 8 | 10 |
Account officers and business development executives have different pay scales, as shown below.
| Account Officer | Business Development Executive | |
| Average salary | $55,021 | $97,871 |
| Salary range | Between $37,000 And $80,000 | Between $64,000 And $149,000 |
| Highest paying City | New York, NY | Phoenix, AZ |
| Highest paying state | New York | Arizona |
| Best paying company | Citi | Clifford Chance |
| Best paying industry | Energy | Pharmaceutical |
There are a few differences between an account officer and a business development executive in terms of educational background:
| Account Officer | Business Development Executive | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 75% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between account officers' and business development executives' demographics:
| Account Officer | Business Development Executive | |
| Average age | 46 | 39 |
| Gender ratio | Male, 56.6% Female, 43.4% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 7.4% Unknown, 4.1% Hispanic or Latino, 14.1% Asian, 10.0% White, 64.1% American Indian and Alaska Native, 0.3% | 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 | 11% | 10% |