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The differences between business development officers and chief executive officers 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 chief executive officer takes usually requires More than 10 years. Additionally, a chief executive officer has an average salary of $192,260, 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 chief executive officer are healthcare, patients, and patient care.
| Business Development Officer | Chief Executive Officer | |
| Yearly salary | $77,778 | $192,260 |
| Hourly rate | $37.39 | $92.43 |
| Growth rate | 6% | 6% |
| Number of jobs | 169,947 | 149,185 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 59% |
| Average age | 44 | 52 |
| Years of experience | 6 | - |
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 chief executive officer is the overall head of the company's operations. Chief executive officers are responsible for making corporate decisions that would define the company's performance in the market. A chief executive officer must display exceptional leadership and decision-making skills to create business growth and development strategies. The chief executive officers also provide a regular business update to the board regarding the company's status. They should also be able to identify business opportunities and create long-lasting, professional relationships with business partners and other organizations.
Business development officers and chief executive officers have different pay scales, as shown below.
| Business Development Officer | Chief Executive Officer | |
| Average salary | $77,778 | $192,260 |
| Salary range | Between $47,000 And $126,000 | Between $104,000 And $354,000 |
| Highest paying City | Albany, NY | Urban Honolulu, HI |
| Highest paying state | New York | Hawaii |
| Best paying company | MUFG EMEA | Alecto Healthcare Services LLC |
| Best paying industry | Health Care | Start-up |
There are a few differences between a business development officer and a chief executive officer in terms of educational background:
| Business Development Officer | Chief Executive Officer | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between business development officers' and chief executive officers' demographics:
| Business Development Officer | Chief Executive Officer | |
| Average age | 44 | 52 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 68.5% Female, 31.5% |
| 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, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.8% White, 76.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 10% | 12% |