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The differences between business development associates and business development account managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development account manager has an average salary of $99,209, which is higher than the $65,126 average annual salary of a business development associate.
The top three skills for a business development associate include customer service, powerpoint and project management. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Development Associate | Business Development Account Manager | |
| Yearly salary | $65,126 | $99,209 |
| Hourly rate | $31.31 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 141,089 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 78% |
| Average age | 44 | 46 |
| Years of experience | - | 8 |
A business development associate's role is to develop strategies to boost a company's sales and overall growth. They are primarily responsible for conducting research and analysis to identify clients' needs, participate in creating business plans and products, and produce progress reports and presentations. A business development associate must also maintain a database of customer information, arrange meetings between clients, coordinate with marketing staff, and assist in negotiations. Furthermore, it is essential to adhere to the policies and standards of the company.
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.
Business development associates and business development account managers have different pay scales, as shown below.
| Business Development Associate | Business Development Account Manager | |
| Average salary | $65,126 | $99,209 |
| Salary range | Between $39,000 And $106,000 | Between $57,000 And $170,000 |
| Highest paying City | Greenwich, CT | San Francisco, CA |
| Highest paying state | Connecticut | New Hampshire |
| Best paying company | Kirkland & Ellis | Meta |
| Best paying industry | Automotive | - |
There are a few differences between a business development associate and a business development account manager in terms of educational background:
| Business Development Associate | Business Development Account 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 associates' and business development account managers' demographics:
| Business Development Associate | Business Development Account Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 54.5% Female, 45.5% | Male, 62.4% Female, 37.6% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 7% |