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The differences between business development officers and business development managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business development officer, becoming a business development manager takes usually requires 8-10 years. Additionally, a business development manager has an average salary of $100,769, which is higher than the $77,778 average annual salary of a business development officer.
The top three skills for a business development officer include customer service, business administration and financial services. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Business Development Officer | Business Development Manager | |
| Yearly salary | $77,778 | $100,769 |
| Hourly rate | $37.39 | $48.45 |
| Growth rate | 6% | 10% |
| Number of jobs | 169,947 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Average age | 44 | 39 |
| Years of experience | 6 | 10 |
A business development officer is responsible for implementing project management techniques and identifying business opportunities to generate revenue resources and increase client partnerships. Business development officers negotiate business offers to the clients, understanding their specifications, and develop strategic processes to reach their target goals according to their requirements, such as budget limitations and deadlines. They also review sales proposals and marketing materials, adjusting existing policies to deliver high-quality outputs with minimal costs. A business development officer analyzes feedback, evaluates current market trends, and monitors business and financial transactions.
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 development officers and business development managers have different pay scales, as shown below.
| Business Development Officer | Business Development Manager | |
| Average salary | $77,778 | $100,769 |
| Salary range | Between $47,000 And $126,000 | Between $67,000 And $151,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | MUFG EMEA | Shearman & Sterling |
| Best paying industry | Health Care | Finance |
There are a few differences between a business development officer and a business development manager in terms of educational background:
| Business Development Officer | Business Development Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between business development officers' and business development managers' demographics:
| Business Development Officer | Business Development Manager | |
| Average age | 44 | 39 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 68.6% Female, 31.4% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5% | 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% |