What Does a Business Development Officer Do?

In this section, we compare the average business development officer annual salary with that of a business manager. Typically, business managers earn a $5,420 higher salary than business development officers earn annually.

While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both business development officers and business managers positions are skilled in customer service, product knowledge, and commercial banking.

There are some key differences in responsibilities as well. For example, a business development officer responsibilities require skills like "business administration," "financial services," "workplace," and "sba." Meanwhile a typical business manager has skills in areas such as "powerpoint," "project management," "human resources," and "payroll taxes." This difference in skills reveals how truly different these two careers really are.

Business managers tend to make the most money in the technology industry by averaging a salary of $98,577. In contrast, business development officers make the biggest average salary of $84,162 in the health care industry.

The education levels that business managers earn is a bit different than that of business development officers. In particular, business managers are 1.6% less likely to graduate with a Master's Degree than a business development officer. Additionally, they're 0.5% less likely to earn a Doctoral Degree.

Now we're going to look at the business partner profession. On average, business partners earn a $18,546 higher salary than business development officers a year.

A similarity between the two careers of business development officers and business partners are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "customer service," "financial statements," and "crm. "

But both careers also use different skills, according to real business development officer resumes. While business development officer responsibilities can utilize skills like "business administration," "financial services," "workplace," and "sba," some business partners use skills like "analytics," "project management," "human resources," and "performance management."

Business partners may earn a higher salary than business development officers, but business partners earn the most pay in the technology industry with an average salary of $94,676. On the other side of things, business development officers receive higher paychecks in the health care industry where they earn an average of $84,162.

On the topic of education, business partners earn similar levels of education than business development officers. In general, they're 2.7% more likely to graduate with a Master's Degree and 0.5% more likely to earn a Doctoral Degree.

The business owner profession generally makes a lower amount of money when compared to the average salary of business development officers. The difference in salaries is business owners making $26,844 lower than business development officers.

While looking through the resumes of several business development officers and business owners we discovered that both professions have similar skills. These similarities include skills such as "customer service," "financial statements," and "trade shows," but they differ when it comes to other required skills.

Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from business development officer resumes include skills like "business administration," "financial services," "workplace," and "sba," whereas a business owner might be skilled in "payroll," "business model," "real estate," and "windows. "

Additionally, business owners earn a higher salary in the retail industry compared to other industries. In this industry, they receive an average salary of $63,316. Additionally, business development officers earn an average salary of $84,162 in the health care industry.

Business owners are known to earn lower educational levels when compared to business development officers. Additionally, they're 5.2% less likely to graduate with a Master's Degree, and 0.3% less likely to earn a Doctoral Degree.

Directors of sales & business development tend to earn a higher pay than business development officers by about $4,807 per year.

While both business development officers and directors of sales & business development complete day-to-day tasks using similar skills like customer relationships, sales process, and crm, the two careers also vary in other skills.

Even though a few skill sets overlap, there are some differences that are important to note. For one, a business development officer might have more use for skills like "customer service," "business administration," "financial services," and "workplace." Meanwhile, some directors of sales & business development might include skills like "value proposition," "sales cycle," "revenue growth," and "leveraged" on their resume.

In general, directors of sales & business development make a higher salary in the technology industry with an average of $127,443. The highest business development officer annual salary stems from the health care industry.

Directors of sales & business development reach similar levels of education when compared to business development officers. The difference is that they're 1.5% more likely to earn a Master's Degree less, and 0.4% less likely to graduate with a Doctoral Degree.