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The differences between business executives and business development executives 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 executive, becoming a business development executive takes usually requires 8-10 years. Additionally, a business development executive has an average salary of $97,871, 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 development executive are business development, digital transformation, and customer service.
| Business Executive | Business Development Executive | |
| Yearly salary | $63,101 | $97,871 |
| Hourly rate | $30.34 | $47.05 |
| Growth rate | 6% | 10% |
| Number of jobs | 138,097 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 75% |
| Average age | 44 | 39 |
| Years of experience | 6 | 10 |
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 development executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Business executives and business development executives have different pay scales, as shown below.
| Business Executive | Business Development Executive | |
| Average salary | $63,101 | $97,871 |
| Salary range | Between $29,000 And $135,000 | Between $64,000 And $149,000 |
| Highest paying City | Albany, NY | Phoenix, AZ |
| Highest paying state | New York | Arizona |
| Best paying company | The Walt Disney Company | Clifford Chance |
| Best paying industry | - | Pharmaceutical |
There are a few differences between a business executive and a business development executive in terms of educational background:
| Business Executive | Business Development Executive | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between business executives' and business development executives' demographics:
| Business Executive | Business Development Executive | |
| Average age | 44 | 39 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 63.8% Female, 36.2% |
| 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, 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% |