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The differences between business strategists and business development directors 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 strategist and a business development director. Additionally, a business development director has an average salary of $117,784, 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 director are healthcare, CRM, and patients.
| Business Strategist | Business Development Director | |
| Yearly salary | $62,796 | $117,784 |
| Hourly rate | $30.19 | $56.63 |
| Growth rate | 10% | 10% |
| Number of jobs | 100,217 | 153,601 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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 director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes. They must also conduct a thorough marketing analysis and remain updated on the latest trends in the market to identify new opportunities that would improve customer satisfaction. Furthermore, they must also communicate with all clients, even appear on public gatherings to strengthen brand awareness.
Business strategists and business development directors have different pay scales, as shown below.
| Business Strategist | Business Development Director | |
| Average salary | $62,796 | $117,784 |
| Salary range | Between $33,000 And $117,000 | Between $72,000 And $192,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | New Mexico |
| Best paying company | VMware | alliantgroup |
| Best paying industry | - | Finance |
There are a few differences between a business strategist and a business development director in terms of educational background:
| Business Strategist | Business Development Director | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business strategists' and business development directors' demographics:
| Business Strategist | Business Development Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 72.3% Female, 27.7% |
| 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% |