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The differences between business development executives and requirements 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 requirements manager takes usually requires 6-8 years. Additionally, a business development executive has an average salary of $97,871, which is higher than the $87,310 average annual salary of a requirements manager.
The top three skills for a business development executive include business development, digital transformation and customer service. The most important skills for a requirements manager are java, client facing, and emerging technologies.
| Business Development Executive | Requirements Manager | |
| Yearly salary | $97,871 | $87,310 |
| Hourly rate | $47.05 | $41.98 |
| Growth rate | 10% | 16% |
| Number of jobs | 189,950 | 64,837 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 64% |
| Average age | 39 | 47 |
| 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 Requirements Manager develops and oversees procedures to ensure that projects meet their needs. They focus on identifying project requirements through extensive research and analysis, conceptualizing plans to attain them. There are also instances when they must spearhead product and requirement reviews, identifying their strengths and weaknesses to develop solutions against potential problem areas. Most Requirements Managers manage development teams, leading and encouraging them to reach goals while implementing company standards and regulations for a smooth and efficient workflow.
Business development executives and requirements managers have different pay scales, as shown below.
| Business Development Executive | Requirements Manager | |
| Average salary | $97,871 | $87,310 |
| Salary range | Between $64,000 And $149,000 | Between $56,000 And $135,000 |
| Highest paying City | Phoenix, AZ | - |
| Highest paying state | Arizona | - |
| Best paying company | Clifford Chance | - |
| Best paying industry | Pharmaceutical | - |
There are a few differences between a business development executive and a requirements manager in terms of educational background:
| Business Development Executive | Requirements Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Carnegie Mellon University |
Here are the differences between business development executives' and requirements managers' demographics:
| Business Development Executive | Requirements Manager | |
| Average age | 39 | 47 |
| Gender ratio | Male, 63.8% Female, 36.2% | Male, 66.8% Female, 33.2% |
| 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, 6.8% Unknown, 5.2% Hispanic or Latino, 10.2% Asian, 12.6% White, 65.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 11% |