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The differences between business development directors and directors of product development can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a business development director and a director of product development. Additionally, a director of product development has an average salary of $140,507, which is higher than the $117,784 average annual salary of a business development director.
The top three skills for a business development director include healthcare, CRM and patients. The most important skills for a director of product development are product development, project management, and product management.
| Business Development Director | Director Of Product Development | |
| Yearly salary | $117,784 | $140,507 |
| Hourly rate | $56.63 | $67.55 |
| Growth rate | 10% | 10% |
| Number of jobs | 153,601 | 175,429 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A business development director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes. They must also conduct a thorough marketing analysis and remain updated on the latest trends in the market to identify new opportunities that would improve customer satisfaction. Furthermore, they must also communicate with all clients, even appear on public gatherings to strengthen brand awareness.
A Director of Product Development supervises and implements product development policies, initiatives, and objectives. They conduct market research to determine consumer needs and identify competitors.
Business development directors and directors of product development have different pay scales, as shown below.
| Business Development Director | Director Of Product Development | |
| Average salary | $117,784 | $140,507 |
| Salary range | Between $72,000 And $192,000 | Between $100,000 And $196,000 |
| Highest paying City | San Francisco, CA | San Mateo, CA |
| Highest paying state | New Mexico | California |
| Best paying company | alliantgroup | Apple |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a business development director and a director of product development in terms of educational background:
| Business Development Director | Director Of Product Development | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business development directors' and directors of product development' demographics:
| Business Development Director | Director Of Product Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 72.0% Female, 28.0% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |