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The differences between business development leads and business development executives 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 lead and a business development executive. Additionally, a business development lead has an average salary of $118,868, which is higher than the $97,871 average annual salary of a business development executive.
The top three skills for a business development lead include project management, cloud and emerging technologies. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Business Development Lead | Business Development Executive | |
| Yearly salary | $118,868 | $97,871 |
| Hourly rate | $57.15 | $47.05 |
| Growth rate | 10% | 10% |
| Number of jobs | 172,226 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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 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.
Business development leads and business development executives have different pay scales, as shown below.
| Business Development Lead | Business Development Executive | |
| Average salary | $118,868 | $97,871 |
| Salary range | Between $84,000 And $167,000 | Between $64,000 And $149,000 |
| Highest paying City | San Francisco, CA | Phoenix, AZ |
| Highest paying state | California | Arizona |
| Best paying company | Apple | Clifford Chance |
| Best paying industry | Technology | Pharmaceutical |
There are a few differences between a business development lead and a business development executive in terms of educational background:
| Business Development Lead | Business Development Executive | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business development leads' and business development executives' demographics:
| Business Development Lead | Business Development Executive | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.7% Female, 30.3% | Male, 63.8% Female, 36.2% |
| 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, 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% |