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The differences between business development managers 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 manager and a business development executive. Additionally, a business development manager has an average salary of $100,769, which is higher than the $97,871 average annual salary of a business development executive.
The top three skills for a business development manager include customer service, CRM and healthcare. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Business Development Manager | Business Development Executive | |
| Yearly salary | $100,769 | $97,871 |
| Hourly rate | $48.45 | $47.05 |
| Growth rate | 10% | 10% |
| Number of jobs | 215,309 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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 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 managers and business development executives have different pay scales, as shown below.
| Business Development Manager | Business Development Executive | |
| Average salary | $100,769 | $97,871 |
| Salary range | Between $67,000 And $151,000 | Between $64,000 And $149,000 |
| Highest paying City | San Francisco, CA | Phoenix, AZ |
| Highest paying state | California | Arizona |
| Best paying company | Shearman & Sterling | Clifford Chance |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between a business development manager and a business development executive in terms of educational background:
| Business Development Manager | Business Development Executive | |
| Most common degree | Bachelor's Degree, 74% | 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 managers' and business development executives' demographics:
| Business Development Manager | Business Development Executive | |
| Average age | 39 | 39 |
| Gender ratio | Male, 68.6% Female, 31.4% | 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% |