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The differences between business development managers and business 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 manager, becoming a business account manager takes usually requires 6-8 years. Additionally, a business development manager has an average salary of $100,769, which is higher than the $68,498 average annual salary of a business account manager.
The top three skills for a business development manager include customer service, CRM and healthcare. The most important skills for a business account manager are customer service, product knowledge, and account management.
| Business Development Manager | Business Account Manager | |
| Yearly salary | $100,769 | $68,498 |
| Hourly rate | $48.45 | $32.93 |
| Growth rate | 10% | 5% |
| Number of jobs | 215,309 | 212,532 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| 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.
Business Account Managers are experienced employees who manage client accounts. Companies usually employ them as distributors, retailers, manufacturers, or any other company with various business partnerships or dealings. They are in charge of managing the company's relationship with a specific client or group. They are the point of contact for these clients regarding requests or concerns related to company products or services. Business account managers ensure that the clients' concerns are properly addressed. They also ensure client loyalty and build harmonious working relationships with their assigned clients.
Business development managers and business account managers have different pay scales, as shown below.
| Business Development Manager | Business Account Manager | |
| Average salary | $100,769 | $68,498 |
| Salary range | Between $67,000 And $151,000 | Between $44,000 And $104,000 |
| Highest paying City | San Francisco, CA | Redmond, WA |
| Highest paying state | California | New Jersey |
| Best paying company | Shearman & Sterling | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a business development manager and a business account manager in terms of educational background:
| Business Development Manager | Business Account Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between business development managers' and business account managers' demographics:
| Business Development Manager | Business Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 68.6% Female, 31.4% | Male, 55.8% Female, 44.2% |
| 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% |