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The differences between business developers and business development executives 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 $97,871 average annual salary of a business development executive.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Business Developer | Business Development Executive | |
| Yearly salary | $101,635 | $97,871 |
| Hourly rate | $48.86 | $47.05 |
| Growth rate | 10% | 10% |
| Number of jobs | 193,469 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
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 executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Business developers and business development executives have different pay scales, as shown below.
| Business Developer | Business Development Executive | |
| Average salary | $101,635 | $97,871 |
| Salary range | Between $66,000 And $156,000 | Between $64,000 And $149,000 |
| Highest paying City | San Francisco, CA | Phoenix, AZ |
| Highest paying state | California | Arizona |
| Best paying company | Apple | Clifford Chance |
| Best paying industry | Manufacturing | Pharmaceutical |
There are a few differences between a business developer and a business development executive in terms of educational background:
| Business Developer | Business Development Executive | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between business developers' and business development executives' demographics:
| Business Developer | Business Development Executive | |
| Average age | 44 | 39 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 63.8% Female, 36.2% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 10% |