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The differences between business directors 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 director, becoming a director new business development takes usually requires 8-10 years. Additionally, a business director has an average salary of $124,563, which is higher than the $110,272 average annual salary of a director new business development.
The top three skills for a business director include project management, healthcare and sigma. The most important skills for a director new business development are business development, project management, and account management.
| Business Director | Director New Business Development | |
| Yearly salary | $124,563 | $110,272 |
| Hourly rate | $59.89 | $53.02 |
| Growth rate | 6% | 10% |
| Number of jobs | 137,880 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 76% |
| Average age | 44 | 39 |
| Years of experience | 6 | 10 |
Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.
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 directors and directors new business development have different pay scales, as shown below.
| Business Director | Director New Business Development | |
| Average salary | $124,563 | $110,272 |
| Salary range | Between $86,000 And $178,000 | Between $72,000 And $168,000 |
| Highest paying City | Providence, RI | Sacramento, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Ep Energy | Wpp Us Holdings Inc |
| Best paying industry | Finance | Energy |
There are a few differences between a business director and a director new business development in terms of educational background:
| Business Director | Director New Business Development | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between business directors' and directors new business development' demographics:
| Business Director | Director New Business Development | |
| Average age | 44 | 39 |
| Gender ratio | Male, 63.3% Female, 36.7% | Male, 69.2% Female, 30.8% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 68.0% 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% |