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The differences between business account managers and account development managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a business account manager and an account development manager. Additionally, an account development manager has an average salary of $72,375, which is higher than the $68,498 average annual salary of a business account manager.
The top three skills for a business account manager include customer service, product knowledge and account management. The most important skills for an account development manager are customer relationships, customer accounts, and CRM.
| Business Account Manager | Account Development Manager | |
| Yearly salary | $68,498 | $72,375 |
| Hourly rate | $32.93 | $34.80 |
| Growth rate | 5% | 5% |
| Number of jobs | 212,532 | 214,004 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 78% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Business Account Managers are experienced employees who manage client accounts. Companies usually employ them as distributors, retailers, manufacturers, or any other company with various business partnerships or dealings. They are in charge of managing the company's relationship with a specific client or group. They are the point of contact for these clients regarding requests or concerns related to company products or services. Business account managers ensure that the clients' concerns are properly addressed. They also ensure client loyalty and build harmonious working relationships with their assigned clients.
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.
Business account managers and account development managers have different pay scales, as shown below.
| Business Account Manager | Account Development Manager | |
| Average salary | $68,498 | $72,375 |
| Salary range | Between $44,000 And $104,000 | Between $43,000 And $120,000 |
| Highest paying City | Redmond, WA | Sacramento, CA |
| Highest paying state | New Jersey | New York |
| Best paying company | Meta | NVIDIA |
| Best paying industry | Technology | Technology |
There are a few differences between a business account manager and an account development manager in terms of educational background:
| Business Account Manager | Account Development Manager | |
| Most common degree | Bachelor's Degree, 71% | 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 business account managers' and account development managers' demographics:
| Business Account Manager | Account Development Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 55.8% Female, 44.2% | Male, 61.8% Female, 38.2% |
| 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, 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% |