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The differences between business developers and project 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 $91,578 average annual salary of a project manager.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a project manager are project management, project scope, and customer service.
| Business Developer | Project Manager | |
| Yearly salary | $101,635 | $91,578 |
| Hourly rate | $48.86 | $44.03 |
| Growth rate | 10% | 8% |
| Number of jobs | 193,469 | 167,116 |
| Job satisfaction | - | 4.17 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Average age | 44 | 47 |
| Years of experience | - | - |
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.
Project managers oversee a specific project related to the organization's business. They manage the whole project from inception to evaluation. They initiate planning with involved departments, follow-through on the plans, ensure smooth execution of the plans, and evaluate the project for further improvements should these be needed. In line with this, project managers also ensure that the project is cost-efficient and well within the budget. They also manage the different work teams involved in the project and ensure that things are running smoothly on this aspect as well.
Business developers and project managers have different pay scales, as shown below.
| Business Developer | Project Manager | |
| Average salary | $101,635 | $91,578 |
| Salary range | Between $66,000 And $156,000 | Between $64,000 And $129,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Apple | The Citadel |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a business developer and a project manager in terms of educational background:
| Business Developer | Project Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Pennsylvania |
Here are the differences between business developers' and project managers' demographics:
| Business Developer | Project Manager | |
| Average age | 44 | 47 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 68.9% Female, 31.1% |
| 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, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 9.0% White, 65.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 11% | 10% |