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The differences between business 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 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 $83,198 average annual salary of a business manager.
The top three skills for a business manager include customer service, powerpoint and project management. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Business Manager | Business Development Manager | |
| Yearly salary | $83,198 | $100,769 |
| Hourly rate | $40.00 | $48.45 |
| Growth rate | 6% | 10% |
| Number of jobs | 377,191 | 215,309 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Average age | 44 | 39 |
| Years of experience | 6 | 10 |
A business manager is responsible for directing the overall operations of the company, ensuring that all employees do their tasks efficiently and accurately. Business managers' duties include developing strategic solutions, evaluating employees' performance, identifying business opportunities to grow, monitoring the company's expenses to meet its budget goals, implementing techniques to boost the company's revenue and profitability, and adhering to the company's legal policies and procedures. A business manager must have excellent leadership and interpersonal skills to supervise daily operations.
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 managers and business development managers have different pay scales, as shown below.
| Business Manager | Business Development Manager | |
| Average salary | $83,198 | $100,769 |
| Salary range | Between $47,000 And $145,000 | Between $67,000 And $151,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | The Citadel | Shearman & Sterling |
| Best paying industry | Technology | Finance |
There are a few differences between a business manager and a business development manager in terms of educational background:
| Business Manager | Business Development Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between business managers' and business development managers' demographics:
| Business Manager | Business Development Manager | |
| Average age | 44 | 39 |
| Gender ratio | Male, 43.2% Female, 56.8% | 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, 67.2% 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% |