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The differences between business account managers and key 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 key account manager. Additionally, a key account manager has an average salary of $102,315, 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 key account manager are account management, customer service, and patients.
| Business Account Manager | Key Account Manager | |
| Yearly salary | $68,498 | $102,315 |
| Hourly rate | $32.93 | $49.19 |
| Growth rate | 5% | 5% |
| Number of jobs | 212,532 | 160,992 |
| 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 key account manager is primarily in charge of handling key clients that produce the most profit for a company or business, ensuring that they remain with them. They are mainly responsible for understanding their clients' needs and long-term goals, ensuring that the key clients get to receive all the necessary services and products in time, and promptly address and resolve any issues and concerns. Furthermore, a key account manager may prepare reports and proposals to team members, all while adhering to the company's policies and standards.
Business account managers and key account managers have different pay scales, as shown below.
| Business Account Manager | Key Account Manager | |
| Average salary | $68,498 | $102,315 |
| Salary range | Between $44,000 And $104,000 | Between $75,000 And $138,000 |
| Highest paying City | Redmond, WA | San Francisco, CA |
| Highest paying state | New Jersey | Maine |
| Best paying company | Meta | Quidel |
| Best paying industry | Technology | Pharmaceutical |
There are a few differences between a business account manager and a key account manager in terms of educational background:
| Business Account Manager | Key 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 key account managers' demographics:
| Business Account Manager | Key Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 55.8% Female, 44.2% | Male, 68.1% Female, 31.9% |
| 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% |