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The differences between account strategists and account development managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an account strategist, becoming an account development manager takes usually requires 6-8 years. Additionally, an account strategist has an average salary of $95,655, which is higher than the $72,375 average annual salary of an account development manager.
The top three skills for an account strategist include digital marketing, client facing and account management. The most important skills for an account development manager are customer relationships, customer accounts, and CRM.
| Account Strategist | Account Development Manager | |
| Yearly salary | $95,655 | $72,375 |
| Hourly rate | $45.99 | $34.80 |
| Growth rate | 19% | 5% |
| Number of jobs | 69,217 | 214,004 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 78% |
| Average age | 37 | 46 |
| Years of experience | 6 | 8 |
An account strategist helps client accounts achieve their short and long-term goals by establishing business strategies and guidelines. They typically gather and analyze data, review feedback from clients, conduct risk assessments, perform research and analysis to identify the weaknesses and strengths of existing procedures, develop reports and presentations, and implement solutions against problem areas while working together with account managers and analysts. Moreover, an account strategist may also help address client concerns, resolving them promptly and efficiently to ensure client satisfaction.
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 strategists and account development managers have different pay scales, as shown below.
| Account Strategist | Account Development Manager | |
| Average salary | $95,655 | $72,375 |
| Salary range | Between $66,000 And $137,000 | Between $43,000 And $120,000 |
| Highest paying City | Seattle, WA | Sacramento, CA |
| Highest paying state | Washington | New York |
| Best paying company | NVIDIA | |
| Best paying industry | Technology | Technology |
There are a few differences between an account strategist and an account development manager in terms of educational background:
| Account Strategist | Account Development Manager | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between account strategists' and account development managers' demographics:
| Account Strategist | Account Development Manager | |
| Average age | 37 | 46 |
| Gender ratio | Male, 39.9% Female, 60.1% | Male, 61.8% Female, 38.2% |
| Race ratio | Black or African American, 5.1% Unknown, 5.0% Hispanic or Latino, 12.1% Asian, 12.1% White, 65.6% American Indian and Alaska Native, 0.1% | 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 | 10% | 7% |