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The differences between business development account managers and account development 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 development account manager and an account development manager. Additionally, a business development account manager has an average salary of $99,209, which is higher than the $72,375 average annual salary of an account development manager.
The top three skills for a business development account manager include business development, customer service and customer relationships. The most important skills for an account development manager are customer relationships, customer accounts, and CRM.
| Business Development Account Manager | Account Development Manager | |
| Yearly salary | $99,209 | $72,375 |
| Hourly rate | $47.70 | $34.80 |
| Growth rate | 5% | 5% |
| Number of jobs | 222,573 | 214,004 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 78% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
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.
An account development manager's responsibilities revolve around securing and reaching sales targets, creating business plans, developing strategies, and building positive relationships with clients. They must also reach out to clients through calls and correspondence, offer products and services, and address any issues and concerns, resolving them promptly and efficiently. There are also instances when they have to collect and process payments, perform follow-up calls, negotiate contracts, and even open and close accounts. Furthermore, as a manager, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.
Business development account managers and account development managers have different pay scales, as shown below.
| Business Development Account Manager | Account Development Manager | |
| Average salary | $99,209 | $72,375 |
| Salary range | Between $57,000 And $170,000 | Between $43,000 And $120,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | New Hampshire | New York |
| Best paying company | Meta | NVIDIA |
| Best paying industry | - | Technology |
There are a few differences between a business development account manager and an account development manager in terms of educational background:
| Business Development Account Manager | Account Development Manager | |
| Most common degree | Bachelor's Degree, 78% | 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 development account managers' and account development managers' demographics:
| Business Development Account Manager | Account Development Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 61.8% Female, 38.2% |
| 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% |