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Business strategist vs business development manager

The differences between business strategists and 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 strategist and a business development manager. Additionally, a business development manager has an average salary of $100,769, 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 manager are customer service, CRM, and healthcare.

Business strategist vs business development manager overview

Business StrategistBusiness Development Manager
Yearly salary$62,796$100,769
Hourly rate$30.19$48.45
Growth rate10%10%
Number of jobs100,217215,309
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 74%
Average age3939
Years of experience1010

What does a business strategist do?

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.

What does a business development manager do?

A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.

Business strategist vs business development manager salary

Business strategists and business development managers have different pay scales, as shown below.

Business StrategistBusiness Development Manager
Average salary$62,796$100,769
Salary rangeBetween $33,000 And $117,000Between $67,000 And $151,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateWashingtonCalifornia
Best paying companyVMwareShearman & Sterling
Best paying industry-Finance

Differences between business strategist and business development manager education

There are a few differences between a business strategist and a business development manager in terms of educational background:

Business StrategistBusiness Development Manager
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 74%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Georgia

Business strategist vs business development manager demographics

Here are the differences between business strategists' and business development managers' demographics:

Business StrategistBusiness Development Manager
Average age3939
Gender ratioMale, 62.2% Female, 37.8%Male, 68.6% Female, 31.4%
Race ratioBlack 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 Percentage10%10%

Differences between business strategist and business development manager duties and responsibilities

Business strategist example responsibilities.

  • Implement corrections and removals for multiple product lines; manage responses to FDA; no relate FDA inspections occur.
  • Develop and manage API program expanding long tail of partnerships exponentially.
  • Lead and manage large RFP responses to ensure corporate objectives for profitability, sustainability, and operational delivery objectives are meet.
  • Deliver CRM plan for Sony's VAIO division.
  • Maintain Facebook presence and other social media outlets.
  • Design and daily maintenance of website, Facebook and other social media outlets.
  • Show more

Business development manager example responsibilities.

  • Manage Seo of websites and campaigns.
  • Manage the provisioning and implementation of the cloud solutions for different customers.
  • Lead worldwide development for high traffic facilities; markets include Americas, Europe, Asia-Pacific.
  • Manage the global support team and are responsible for cost reduction for the UK ready meals facility.
  • Assist in leading a team of BDM's to achieve revenue, attrition, and value add service goals.
  • Leverage in-depth knowledge of complex manage security solutions as well as extensive technical knowledge of security hardware and software.
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Business strategist vs business development manager skills

Common business strategist skills
  • Project Management, 11%
  • Digital Marketing, 10%
  • Client Facing, 4%
  • Business Objectives, 4%
  • Business Model, 4%
  • ROI, 3%
Common business development manager skills
  • Customer Service, 8%
  • CRM, 7%
  • Healthcare, 5%
  • Business Relationships, 4%
  • Customer Relationships, 3%
  • Project Management, 3%

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