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The differences between business development specialists and business development account managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development account manager has an average salary of $99,209, which is higher than the $57,410 average annual salary of a business development specialist.
The top three skills for a business development specialist include work ethic, CRM and customer service. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Development Specialist | Business Development Account Manager | |
| Yearly salary | $57,410 | $99,209 |
| Hourly rate | $27.60 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 182,116 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 78% |
| Average age | 44 | 46 |
| Years of experience | - | 8 |
A business development specialist is an expert who determines opportunities for marketing strategy optimization and business growth. The specialists perform business process and financial analysis, effective network creation, and business plan implementation. Being a good business development specialist requires knowledge and experience in managing a business. The skillset for the position includes a strong command in English, information technology, attention to detail, and written and verbal communication.
A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Business development specialists and business development account managers have different pay scales, as shown below.
| Business Development Specialist | Business Development Account Manager | |
| Average salary | $57,410 | $99,209 |
| Salary range | Between $38,000 And $85,000 | Between $57,000 And $170,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | Wisconsin | New Hampshire |
| Best paying company | Corsair | Meta |
| Best paying industry | Finance | - |
There are a few differences between a business development specialist and a business development account manager in terms of educational background:
| Business Development Specialist | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Southern California |
Here are the differences between business development specialists' and business development account managers' demographics:
| Business Development Specialist | Business Development Account Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 62.4% Female, 37.6% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 7% |