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The differences between business strategists 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 strategist, 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 $62,796 average annual salary of a business strategist.
The top three skills for a business strategist include project management, digital marketing and client facing. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Business Strategist | Business Development Account Manager | |
| Yearly salary | $62,796 | $99,209 |
| Hourly rate | $30.19 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 100,217 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A business strategist is responsible for developing strategic plans that will help improve an organization to reach its goals and targets and improve profitability. You will analyze existing business strategies and practices and provide recommendations for improvements. Other duties include developing product development and marketing strategies, providing direction and motivating staff to complete new projects and implement new tactics, and preparing presentations to clients and corporate investors. As a business strategist, you are also responsible for consulting with management and reviewing staff performance.
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 strategists and business development account managers have different pay scales, as shown below.
| Business Strategist | Business Development Account Manager | |
| Average salary | $62,796 | $99,209 |
| Salary range | Between $33,000 And $117,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | New Hampshire |
| Best paying company | VMware | Meta |
| Best paying industry | - | - |
There are a few differences between a business strategist and a business development account manager in terms of educational background:
| Business Strategist | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 73% | 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 strategists' and business development account managers' demographics:
| Business Strategist | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 62.2% Female, 37.8% | 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% |