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The differences between business executives and business developers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business developer has an average salary of $101,635, which is higher than the $63,101 average annual salary of a business executive.
The top three skills for a business executive include customer service, customer satisfaction and revenue growth. The most important skills for a business developer are healthcare, CRM, and customer service.
| Business Executive | Business Developer | |
| Yearly salary | $63,101 | $101,635 |
| Hourly rate | $30.34 | $48.86 |
| Growth rate | 6% | 10% |
| Number of jobs | 138,097 | 193,469 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | 6 | - |
The duties of a business executive depend upon their position and industry of employment. In general, they are in charge of spearheading and overseeing business operations to ensure that everything runs smoothly and efficiently. They typically have the power to make corporate decisions, set goals and budgets, establish guidelines and timelines, negotiate with potential business partners, and develop business strategies to optimize overall operations. Moreover, a business executive implements and promotes company policies and regulations, creating new ones as needed.
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Business executives and business developers have different pay scales, as shown below.
| Business Executive | Business Developer | |
| Average salary | $63,101 | $101,635 |
| Salary range | Between $29,000 And $135,000 | Between $66,000 And $156,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | The Walt Disney Company | Apple |
| Best paying industry | - | Manufacturing |
There are a few differences between a business executive and a business developer in terms of educational background:
| Business Executive | Business Developer | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between business executives' and business developers' demographics:
| Business Executive | Business Developer | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 65.8% Female, 34.2% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% American Indian and Alaska Native, 0.5% | 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% |
| LGBT Percentage | 10% | 11% |