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The differences between business product managers 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 product manager and a senior business development manager. Additionally, a senior business development manager has an average salary of $129,638, which is higher than the $123,607 average annual salary of a business product manager.
The top three skills for a business product manager include product management, project management and market research. The most important skills for a senior business development manager are healthcare, cloud, and business relationships.
| Business Product Manager | Senior Business Development Manager | |
| Yearly salary | $123,607 | $129,638 |
| Hourly rate | $59.43 | $62.33 |
| Growth rate | 10% | 10% |
| Number of jobs | 189,393 | 204,172 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
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 product managers and senior business development managers have different pay scales, as shown below.
| Business Product Manager | Senior Business Development Manager | |
| Average salary | $123,607 | $129,638 |
| Salary range | Between $88,000 And $173,000 | Between $94,000 And $178,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | Meta | Shearman & Sterling |
| Best paying industry | - | Manufacturing |
There are a few differences between a business product manager and a senior business development manager in terms of educational background:
| Business Product Manager | Senior Business Development Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business product managers' and senior business development managers' demographics:
| Business Product Manager | Senior Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.1% Female, 35.9% | 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% |