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The differences between business development executives and directors new business 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 executive and a director new business development. Additionally, a director new business development has an average salary of $110,272, 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 director new business development are business development, project management, and account management.
| Business Development Executive | Director New Business Development | |
| Yearly salary | $97,871 | $110,272 |
| Hourly rate | $47.05 | $53.02 |
| Growth rate | 10% | 10% |
| Number of jobs | 189,950 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 76% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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 director of new business development is in charge of spearheading new programs and procedures, ensuring efficiency and smooth workflow. It is their duty to set goals and objectives in adherence to the company's vision and mission, establishing guidelines, allocating budgets, and overseeing the progress of all efforts. Furthermore, as a director of new business development, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Business development executives and directors new business development have different pay scales, as shown below.
| Business Development Executive | Director New Business Development | |
| Average salary | $97,871 | $110,272 |
| Salary range | Between $64,000 And $149,000 | Between $72,000 And $168,000 |
| Highest paying City | Phoenix, AZ | Sacramento, CA |
| Highest paying state | Arizona | California |
| Best paying company | Clifford Chance | Wpp Us Holdings Inc |
| Best paying industry | Pharmaceutical | Energy |
There are a few differences between a business development executive and a director new business development in terms of educational background:
| Business Development Executive | Director New Business Development | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business development executives' and directors new business development' demographics:
| Business Development Executive | Director New Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 63.8% Female, 36.2% | Male, 69.2% Female, 30.8% |
| 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% |