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The differences between business development managers and development managers 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 development manager. Additionally, a development manager has an average salary of $110,678, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a business development manager include customer service, CRM and healthcare. The most important skills for a development manager are project management, customer service, and patients.
| Business Development Manager | Development Manager | |
| Yearly salary | $100,769 | $110,678 |
| Hourly rate | $48.45 | $53.21 |
| Growth rate | 10% | 10% |
| Number of jobs | 215,309 | 111,137 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 72% |
| 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 development manager is responsible for assisting existing clients or potential clients of the services they need. A development manager serves as the initial point of contact for the clients to answer their inquiries and concerns before proceeding with a contract. Development managers usually arrange meetings with clients, analyze business opportunities, improve marketing initiatives to attract clients, research the industry's latest trends, create proposals, and assist in training new staff members. A development manager must have excellent communication and leadership skills to handle staff performance and build professional relationships with clients.
Business development managers and development managers have different pay scales, as shown below.
| Business Development Manager | Development Manager | |
| Average salary | $100,769 | $110,678 |
| Salary range | Between $67,000 And $151,000 | Between $76,000 And $159,000 |
| Highest paying City | San Francisco, CA | Richmond, CA |
| Highest paying state | California | California |
| Best paying company | Shearman & Sterling | Akin Gump Strauss Hauer & Feld |
| Best paying industry | Finance | Technology |
There are a few differences between a business development manager and a development manager in terms of educational background:
| Business Development Manager | Development Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business development managers' and development managers' demographics:
| Business Development Manager | Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 68.6% Female, 31.4% | Male, 60.5% Female, 39.5% |
| 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% |