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The differences between business developers and business development account managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business developer has an average salary of $101,635, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Developer | Business Development Account Manager | |
| Yearly salary | $101,635 | $99,209 |
| Hourly rate | $48.86 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 193,469 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 78% |
| Average age | 44 | 46 |
| Years of experience | - | 8 |
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
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 developers and business development account managers have different pay scales, as shown below.
| Business Developer | Business Development Account Manager | |
| Average salary | $101,635 | $99,209 |
| Salary range | Between $66,000 And $156,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Hampshire |
| Best paying company | Apple | Meta |
| Best paying industry | Manufacturing | - |
There are a few differences between a business developer and a business development account manager in terms of educational background:
| Business Developer | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Southern California |
Here are the differences between business developers' and business development account managers' demographics:
| Business Developer | Business Development Account Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 62.4% Female, 37.6% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | 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 | 11% | 7% |