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Business development director vs director of product development

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 vs director of product development overview

Business Development DirectorDirector Of Product Development
Yearly salary$117,784$140,507
Hourly rate$56.63$67.55
Growth rate10%10%
Number of jobs153,601175,429
Job satisfaction--
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 71%
Average age3939
Years of experience1010

What does a business development director do?

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.

What does a director of product development do?

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 director vs director of product development salary

Business development directors and directors of product development have different pay scales, as shown below.

Business Development DirectorDirector Of Product Development
Average salary$117,784$140,507
Salary rangeBetween $72,000 And $192,000Between $100,000 And $196,000
Highest paying CitySan Francisco, CASan Mateo, CA
Highest paying stateNew MexicoCalifornia
Best paying companyalliantgroupApple
Best paying industryFinanceManufacturing

Differences between business development director and director of product development education

There are a few differences between a business development director and a director of product development in terms of educational background:

Business Development DirectorDirector Of Product Development
Most common degreeBachelor's Degree, 74%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Georgia

Business development director vs director of product development demographics

Here are the differences between business development directors' and directors of product development' demographics:

Business Development DirectorDirector Of Product Development
Average age3939
Gender ratioMale, 72.3% Female, 27.7%Male, 72.0% Female, 28.0%
Race ratioBlack 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 Percentage10%10%

Differences between business development director and director of product development duties and responsibilities

Business development director example responsibilities.

  • Create and manage business development, government affairs and public relations initiatives to achieve growth objectives for this correctional healthcare company.
  • Achieve access to SVP level resulting in significant new business.
  • Manage network services, e-ticketing and packaging solutions, CRM solutions, message management, and e-provisioning/identity management/security solutions.
  • Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
  • Track all sales and marketing activities using a CRM program and analyze data to optimize business development approach and management
  • Collaborate with the marketing team to ensure laser focuse messages at all conferences and trade shows ensuring competitive logistics solution offerings.
  • Show more

Director of product development example responsibilities.

  • Organize and manage project meetings between partners, vendors, and associates using both scrum and waterfall methodologies.
  • Manage long-term care, hospital transition, and Medicaid- Medicare expansion initiatives, that includes model of care design and implementation )
  • Manage packaging design and nutritional labeling within QA guidelines.
  • Manage company intellectual portfolio and develop key relationships with vendors and clients including leading global technology companies.
  • Develop using Java, JSP, J2EE, CSS, DHTML, HTML, Plugins and JavaScript.
  • Prepare proposals for new projects, including project feasibility, ROI, expenses and costs.
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Business development director vs director of product development skills

Common business development director skills
  • Healthcare, 9%
  • CRM, 5%
  • Patients, 4%
  • Customer Relationships, 4%
  • Account Management, 4%
  • Project Management, 4%
Common director of product development skills
  • Product Development, 12%
  • Project Management, 9%
  • Product Management, 9%
  • R, 7%
  • Product Strategy, 4%
  • Market Research, 3%

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