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The differences between business developers and business development 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 $100,769 average annual salary of a business development manager.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Business Developer | Business Development Manager | |
| Yearly salary | $101,635 | $100,769 |
| Hourly rate | $48.86 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 193,469 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| 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 manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
Business developers and business development managers have different pay scales, as shown below.
| Business Developer | Business Development Manager | |
| Average salary | $101,635 | $100,769 |
| Salary range | Between $66,000 And $156,000 | Between $67,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Apple | Shearman & Sterling |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a business developer and a business development manager in terms of educational background:
| Business Developer | Business Development Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between business developers' and business development managers' demographics:
| Business Developer | Business Development Manager | |
| Average age | 44 | 39 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 68.6% Female, 31.4% |
| 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% |