Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between business development managers 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 manager, becoming a business development 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 $99,209 average annual salary of a business development account manager.
The top three skills for a business development manager include customer service, CRM and healthcare. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Development Manager | Business Development Account Manager | |
| Yearly salary | $100,769 | $99,209 |
| Hourly rate | $48.45 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 215,309 | 222,573 |
| 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.
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 managers and business development account managers have different pay scales, as shown below.
| Business Development Manager | Business Development Account Manager | |
| Average salary | $100,769 | $99,209 |
| Salary range | Between $67,000 And $151,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Hampshire |
| Best paying company | Shearman & Sterling | Meta |
| Best paying industry | Finance | - |
There are a few differences between a business development manager and a business development account manager in terms of educational background:
| Business Development Manager | Business Development Account 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 business development account managers' demographics:
| Business Development Manager | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 68.6% Female, 31.4% | 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% |