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The differences between business development officers and directors new business development 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 director new business development takes usually requires 8-10 years. Additionally, a director new business development has an average salary of $110,272, 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 director new business development are business development, project management, and account management.
| Business Development Officer | Director New Business Development | |
| Yearly salary | $77,778 | $110,272 |
| Hourly rate | $37.39 | $53.02 |
| Growth rate | 6% | 10% |
| Number of jobs | 169,947 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| 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 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 officers and directors new business development have different pay scales, as shown below.
| Business Development Officer | Director New Business Development | |
| Average salary | $77,778 | $110,272 |
| Salary range | Between $47,000 And $126,000 | Between $72,000 And $168,000 |
| Highest paying City | Albany, NY | Sacramento, CA |
| Highest paying state | New York | California |
| Best paying company | MUFG EMEA | Wpp Us Holdings Inc |
| Best paying industry | Health Care | Energy |
There are a few differences between a business development officer and a director new business development in terms of educational background:
| Business Development Officer | Director New Business Development | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between business development officers' and directors new business development' demographics:
| Business Development Officer | Director New Business Development | |
| Average age | 44 | 39 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 69.2% Female, 30.8% |
| 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% |