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The differences between business development account managers and corporate account 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 a corporate account manager. Additionally, a business development account manager has an average salary of $99,209, which is higher than the $90,069 average annual salary of a corporate account manager.
The top three skills for a business development account manager include business development, customer service and customer relationships. The most important skills for a corporate account manager are healthcare, account management, and customer relationships.
| Business Development Account Manager | Corporate Account Manager | |
| Yearly salary | $99,209 | $90,069 |
| Hourly rate | $47.70 | $43.30 |
| Growth rate | 5% | 5% |
| Number of jobs | 222,573 | 170,741 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 79% |
| 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.
The duties of a corporate account manager depend on one's line of work or industry of employment. Typically, they are responsible for building a company's client base by devising strategies to identify market opportunities, reaching out to clients through calls and correspondence, and securing sales by offering products and services. They may also resolve issues and concerns, answer inquiries, process payments, and create billing plans as necessary. Furthermore, as a corporate account manager, it is essential to lead and encourage team members, all while implementing the company's policies and regulations.
Business development account managers and corporate account managers have different pay scales, as shown below.
| Business Development Account Manager | Corporate Account Manager | |
| Average salary | $99,209 | $90,069 |
| Salary range | Between $57,000 And $170,000 | Between $54,000 And $147,000 |
| Highest paying City | San Francisco, CA | Voorhees, NJ |
| Highest paying state | New Hampshire | New Jersey |
| Best paying company | Meta | Clean Harbors |
| Best paying industry | - | - |
There are a few differences between a business development account manager and a corporate account manager in terms of educational background:
| Business Development Account Manager | Corporate Account Manager | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 79% |
| 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 corporate account managers' demographics:
| Business Development Account Manager | Corporate Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 63.9% Female, 36.1% |
| 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% |