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The differences between business development leads 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 lead, becoming a business development account manager takes usually requires 6-8 years. Additionally, a business development lead has an average salary of $118,868, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for a business development lead include project management, cloud and emerging technologies. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Development Lead | Business Development Account Manager | |
| Yearly salary | $118,868 | $99,209 |
| Hourly rate | $57.15 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 172,226 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
Business Development Leads oversee the continuous pursuit of growth opportunities for the company. They should be familiar with current industry trends and economic news. They should also be familiar with the business performance to identify areas for improvement and development. They should know the company's target market to help create marketing campaigns. Business development leads may also be asked to create product innovations that would cater to their target market's needs. They are expected to spearhead programs that aim to attract new clients and retain existing ones.
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 leads and business development account managers have different pay scales, as shown below.
| Business Development Lead | Business Development Account Manager | |
| Average salary | $118,868 | $99,209 |
| Salary range | Between $84,000 And $167,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Hampshire |
| Best paying company | Apple | Meta |
| Best paying industry | Technology | - |
There are a few differences between a business development lead and a business development account manager in terms of educational background:
| Business Development Lead | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 71% | 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 leads' and business development account managers' demographics:
| Business Development Lead | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 69.7% Female, 30.3% | 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% |