Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between business development managers and account development 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 manager, becoming an account development manager takes usually requires 6-8 years. Additionally, a business development manager has an average salary of $100,769, which is higher than the $72,375 average annual salary of an account development manager.
The top three skills for a business development manager include customer service, CRM and healthcare. The most important skills for an account development manager are customer relationships, customer accounts, and CRM.
| Business Development Manager | Account Development Manager | |
| Yearly salary | $100,769 | $72,375 |
| Hourly rate | $48.45 | $34.80 |
| Growth rate | 10% | 5% |
| Number of jobs | 215,309 | 214,004 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
An account development manager's responsibilities revolve around securing and reaching sales targets, creating business plans, developing strategies, and building positive relationships with clients. They must also reach out to clients through calls and correspondence, offer products and services, and address any issues and concerns, resolving them promptly and efficiently. There are also instances when they have to collect and process payments, perform follow-up calls, negotiate contracts, and even open and close accounts. Furthermore, as a manager, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.
Business development managers and account development managers have different pay scales, as shown below.
| Business Development Manager | Account Development Manager | |
| Average salary | $100,769 | $72,375 |
| Salary range | Between $67,000 And $151,000 | Between $43,000 And $120,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | California | New York |
| Best paying company | Shearman & Sterling | NVIDIA |
| Best paying industry | Finance | Technology |
There are a few differences between a business development manager and an account development manager in terms of educational background:
| Business Development Manager | Account Development Manager | |
| Most common degree | Bachelor's Degree, 74% | 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 managers' and account development managers' demographics:
| Business Development Manager | Account Development Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 68.6% Female, 31.4% | Male, 61.8% Female, 38.2% |
| 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, 3.2% 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% |