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The differences between business product managers 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 product manager, becoming a business development account manager takes usually requires 6-8 years. Additionally, a business product manager has an average salary of $123,607, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for a business product manager include product management, project management and market research. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Product Manager | Business Development Account Manager | |
| Yearly salary | $123,607 | $99,209 |
| Hourly rate | $59.43 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 189,393 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A business product manager is primarily in charge of overseeing a company's product and service development procedures, ensuring quality and marketability. Their responsibilities typically revolve around gathering and analyzing data to understand and identify product requirements, coordinating with the engineering and quality control teams, determining the marketing opportunities, managing the roadmaps, and developing strategies to meet the consumers' needs. Furthermore, as a business product manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
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 product managers and business development account managers have different pay scales, as shown below.
| Business Product Manager | Business Development Account Manager | |
| Average salary | $123,607 | $99,209 |
| Salary range | Between $88,000 And $173,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Hampshire |
| Best paying company | Meta | Meta |
| Best paying industry | - | - |
There are a few differences between a business product manager and a business development account manager in terms of educational background:
| Business Product Manager | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 74% | 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 product managers' and business development account managers' demographics:
| Business Product Manager | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 64.1% Female, 35.9% | 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% |