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The differences between business partners and senior business development managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a business partner and a senior business development manager. Additionally, a senior business development manager has an average salary of $129,638, 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 senior business development manager are healthcare, cloud, and business relationships.
| Business Partner | Senior Business Development Manager | |
| Yearly salary | $96,324 | $129,638 |
| Hourly rate | $46.31 | $62.33 |
| Growth rate | 10% | 10% |
| Number of jobs | 106,251 | 204,172 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
As senior business development manager is mainly responsible for creating and maintaining solid relationships and making business decisions. They do plan ways to grow the business, find areas of client needs, manage business negotiations, and review and approve other business decisions. It is expected in their job to seamlessly complete target deadlines and delegate tasks to subordinates. Moreover, they should be able to have good working relationships with employees and clients, so good communication and interpersonal skills are necessary.
Business partners and senior business development managers have different pay scales, as shown below.
| Business Partner | Senior Business Development Manager | |
| Average salary | $96,324 | $129,638 |
| Salary range | Between $66,000 And $140,000 | Between $94,000 And $178,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | ZS | Shearman & Sterling |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a business partner and a senior business development manager in terms of educational background:
| Business Partner | Senior Business Development Manager | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business partners' and senior business development managers' demographics:
| Business Partner | Senior Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 56.2% Female, 43.8% | Male, 74.8% Female, 25.2% |
| 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, 3.0% 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% |