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The differences between business strategists and directors new business development 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 director new business development. Additionally, a director new business development has an average salary of $110,272, 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 director new business development are business development, project management, and account management.
| Business Strategist | Director New Business Development | |
| Yearly salary | $62,796 | $110,272 |
| Hourly rate | $30.19 | $53.02 |
| Growth rate | 10% | 10% |
| Number of jobs | 100,217 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| 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 director of new business development is in charge of spearheading new programs and procedures, ensuring efficiency and smooth workflow. It is their duty to set goals and objectives in adherence to the company's vision and mission, establishing guidelines, allocating budgets, and overseeing the progress of all efforts. Furthermore, as a director of new business development, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Business strategists and directors new business development have different pay scales, as shown below.
| Business Strategist | Director New Business Development | |
| Average salary | $62,796 | $110,272 |
| Salary range | Between $33,000 And $117,000 | Between $72,000 And $168,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | Washington | California |
| Best paying company | VMware | Wpp Us Holdings Inc |
| Best paying industry | - | Energy |
There are a few differences between a business strategist and a director new business development in terms of educational background:
| Business Strategist | Director New Business Development | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business strategists' and directors new business development' demographics:
| Business Strategist | Director New Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 69.2% Female, 30.8% |
| 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% |