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The differences between business development managers and directors new business development 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 director new business development. Additionally, a director new business development has an average salary of $110,272, 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 director new business development are business development, project management, and account management.
| Business Development Manager | Director New Business Development | |
| Yearly salary | $100,769 | $110,272 |
| Hourly rate | $48.45 | $53.02 |
| Growth rate | 10% | 10% |
| Number of jobs | 215,309 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 76% |
| 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 director of new business development is in charge of spearheading new programs and procedures, ensuring efficiency and smooth workflow. It is their duty to set goals and objectives in adherence to the company's vision and mission, establishing guidelines, allocating budgets, and overseeing the progress of all efforts. Furthermore, as a director of new business development, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Business development managers and directors new business development have different pay scales, as shown below.
| Business Development Manager | Director New Business Development | |
| Average salary | $100,769 | $110,272 |
| Salary range | Between $67,000 And $151,000 | Between $72,000 And $168,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | California | California |
| Best paying company | Shearman & Sterling | Wpp Us Holdings Inc |
| Best paying industry | Finance | Energy |
There are a few differences between a business development manager and a director new business development in terms of educational background:
| Business Development Manager | Director New Business Development | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business development managers' and directors new business development' demographics:
| Business Development Manager | Director New Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 68.6% Female, 31.4% | Male, 69.2% Female, 30.8% |
| 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% |