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The differences between business 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 a business 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 $68,498 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 a business development account manager are business development, customer service, and customer relationships.
| Business Account Manager | Business Development Account Manager | |
| Yearly salary | $68,498 | $99,209 |
| Hourly rate | $32.93 | $47.70 |
| Growth rate | 5% | 5% |
| Number of jobs | 212,532 | 222,573 |
| 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.
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.
Business account managers and business development account managers have different pay scales, as shown below.
| Business Account Manager | Business Development Account Manager | |
| Average salary | $68,498 | $99,209 |
| Salary range | Between $44,000 And $104,000 | Between $57,000 And $170,000 |
| Highest paying City | Redmond, WA | San Francisco, CA |
| Highest paying state | New Jersey | New Hampshire |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | - |
There are a few differences between a business account manager and a business development account manager in terms of educational background:
| Business Account Manager | Business Development Account 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 business development account managers' demographics:
| Business Account Manager | Business Development Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 55.8% Female, 44.2% | 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% |