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The differences between business development consultants 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 $85,153 average annual salary of a business development consultant.
The top three skills for a business development consultant include healthcare, CRM and cloud. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Development Consultant | Business Development Account Manager | |
| Yearly salary | $85,153 | $99,209 |
| Hourly rate | $40.94 | $47.70 |
| Growth rate | 6% | 5% |
| Number of jobs | 168,111 | 222,573 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 78% |
| Average age | 44 | 46 |
| Years of experience | - | 8 |
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
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 consultants and business development account managers have different pay scales, as shown below.
| Business Development Consultant | Business Development Account Manager | |
| Average salary | $85,153 | $99,209 |
| Salary range | Between $52,000 And $137,000 | Between $57,000 And $170,000 |
| Highest paying City | Minneapolis, MN | San Francisco, CA |
| Highest paying state | Pennsylvania | New Hampshire |
| Best paying company | Veeva Systems | Meta |
| Best paying industry | Media | - |
There are a few differences between a business development consultant and a business development account manager in terms of educational background:
| Business Development Consultant | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Southern California |
Here are the differences between business development consultants' and business development account managers' demographics:
| Business Development Consultant | Business Development Account Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 64.1% Female, 35.9% | 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% |