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The differences between business general managers and business development managers 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 general manager, becoming a business development manager takes usually requires 8-10 years. Additionally, a business development manager has an average salary of $100,769, which is higher than the $72,676 average annual salary of a business general manager.
The top three skills for a business general manager include general business, CRM and human resources. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Business General Manager | Business Development Manager | |
| Yearly salary | $72,676 | $100,769 |
| Hourly rate | $34.94 | $48.45 |
| Growth rate | 6% | 10% |
| Number of jobs | 411,126 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 74% |
| Average age | 44 | 39 |
| Years of experience | 6 | 10 |
A business general manager oversees the daily operations in a business establishment or office. They are typically in charge of setting goals and objectives, establishing guidelines and schedules, assessing the performance of the workforce, coordinating departments, and developing strategies to optimize business procedures. They may also perform clerical tasks such as producing progress reports, answering calls and correspondence, and preparing documents and presentations. Furthermore, as a general manager, it is essential to lead and encourage the workforce to reach goals and sales targets, all while implementing the company's policies and regulations.
A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
Business general managers and business development managers have different pay scales, as shown below.
| Business General Manager | Business Development Manager | |
| Average salary | $72,676 | $100,769 |
| Salary range | Between $46,000 And $112,000 | Between $67,000 And $151,000 |
| Highest paying City | Hoboken, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | BlackRock | Shearman & Sterling |
| Best paying industry | Finance | Finance |
There are a few differences between a business general manager and a business development manager in terms of educational background:
| Business General Manager | Business Development Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between business general managers' and business development managers' demographics:
| Business General Manager | Business Development Manager | |
| Average age | 44 | 39 |
| Gender ratio | Male, 71.9% Female, 28.1% | Male, 68.6% Female, 31.4% |
| Race ratio | Black or African American, 6.2% Unknown, 4.3% Hispanic or Latino, 15.3% Asian, 6.4% White, 67.3% 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% |