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The differences between business development executives and business development account managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business development executive, becoming a business development account manager takes usually requires 6-8 years. Additionally, a business development account manager has an average salary of $99,209, which is higher than the $97,871 average annual salary of a business development executive.
The top three skills for a business development executive include business development, digital transformation and customer service. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Development Executive | Business Development Account Manager | |
| Yearly salary | $97,871 | $99,209 |
| Hourly rate | $47.05 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 189,950 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A business development executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
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 executives and business development account managers have different pay scales, as shown below.
| Business Development Executive | Business Development Account Manager | |
| Average salary | $97,871 | $99,209 |
| Salary range | Between $64,000 And $149,000 | Between $57,000 And $170,000 |
| Highest paying City | Phoenix, AZ | San Francisco, CA |
| Highest paying state | Arizona | New Hampshire |
| Best paying company | Clifford Chance | Meta |
| Best paying industry | Pharmaceutical | - |
There are a few differences between a business development executive and a business development account manager in terms of educational background:
| Business Development Executive | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between business development executives' and business development account managers' demographics:
| Business Development Executive | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 63.8% Female, 36.2% | Male, 62.4% Female, 37.6% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 7% |