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The differences between business partners and business development account managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business partner, becoming a business development account manager takes usually requires 6-8 years. Additionally, a business development account manager has an average salary of $99,209, which is higher than the $96,324 average annual salary of a business partner.
The top three skills for a business partner include analytics, project management and customer service. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Partner | Business Development Account Manager | |
| Yearly salary | $96,324 | $99,209 |
| Hourly rate | $46.31 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 106,251 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A business partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Business partners and business development account managers have different pay scales, as shown below.
| Business Partner | Business Development Account Manager | |
| Average salary | $96,324 | $99,209 |
| Salary range | Between $66,000 And $140,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | New Hampshire |
| Best paying company | ZS | Meta |
| Best paying industry | Technology | - |
There are a few differences between a business partner and a business development account manager in terms of educational background:
| Business Partner | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between business partners' and business development account managers' demographics:
| Business Partner | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 62.4% Female, 37.6% |
| Race ratio | 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% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 7% |