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Account officer vs business development executive

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 vs business development executive overview

Account OfficerBusiness Development Executive
Yearly salary$55,021$97,871
Hourly rate$26.45$47.05
Growth rate17%10%
Number of jobs135,559189,950
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 75%
Average age4639
Years of experience810

Account officer vs business development executive salary

Account officers and business development executives have different pay scales, as shown below.

Account OfficerBusiness Development Executive
Average salary$55,021$97,871
Salary rangeBetween $37,000 And $80,000Between $64,000 And $149,000
Highest paying CityNew York, NYPhoenix, AZ
Highest paying stateNew YorkArizona
Best paying companyCitiClifford Chance
Best paying industryEnergyPharmaceutical

Differences between account officer and business development executive education

There are a few differences between an account officer and a business development executive in terms of educational background:

Account OfficerBusiness Development Executive
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 75%
Most common majorAccountingBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Georgia

Account officer vs business development executive demographics

Here are the differences between account officers' and business development executives' demographics:

Account OfficerBusiness Development Executive
Average age4639
Gender ratioMale, 56.6% Female, 43.4%Male, 63.8% Female, 36.2%
Race ratioBlack 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 Percentage11%10%

Differences between account officer and business development executive duties and responsibilities

Account officer example responsibilities.

  • Develop RFP responses and consistently demonstrate flawless execution to achieve continual growth in each account.
  • Perform payroll function such as maintaining timekeeping information, processing and submitting payroll.
  • Maintain staff payroll and ensure early remittance of statutory deductions to the relevant authorities.
  • Secure a promotion within one year by assuming journal entry and basic reconciliations responsibilities in addition to already performing AP functions.
  • Perform charge corrections on specific accounts requiring ICD-9 coding changes.
  • Review patient's explanation of benefits (EOB) to determine the specific financial obligation.
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Business development executive example responsibilities.

  • Manage and monitor the company CRM and all opportunity and forecasting reporting.
  • Develop and manage all new business for strategic and technology consulting services within the healthcare, government and manufacturing sectors.
  • Negotiate healthcare provider group, ancillary and facility contracts to achieve objectives relative to competitive market trends and client expectations.
  • Review cost/benefit analysis of potential promotional programs to justify the ROI and manage budgets set aside to support promotional activities.
  • Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
  • Utilize SalesForce to track clients and sales.
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Account officer vs business development executive skills

Common account officer skills
  • Payroll, 8%
  • KYC, 7%
  • External Auditors, 7%
  • General Ledger Accounts, 7%
  • Loan Applications, 6%
  • Real Estate, 6%
Common business development executive skills
  • Business Development, 13%
  • Digital Transformation, 8%
  • Customer Service, 6%
  • Client Relationships, 5%
  • Cloud, 4%
  • CRM, 4%

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