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The differences between business strategists and heads of 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 head of business development. Additionally, a head of business development has an average salary of $134,190, 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 head of business development are cloud, C++, and project management.
| Business Strategist | Head Of Business Development | |
| Yearly salary | $62,796 | $134,190 |
| Hourly rate | $30.19 | $64.51 |
| Growth rate | 10% | 10% |
| Number of jobs | 100,217 | 158,539 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 63% |
| 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 head of business development is responsible for monitoring the company's overall business operations and client transactions. Heads of business development coordinate with clients for their requirements and specifications and develop the team to handle the project management operations. They also handle the budget and resource allocations and ensure that the team meets the deadline and high-quality deliverables on time. Ahead of business development must be regularly updated with the current market trends to identify opportunities that would generate more revenue resources for the business.
Business strategists and heads of business development have different pay scales, as shown below.
| Business Strategist | Head Of Business Development | |
| Average salary | $62,796 | $134,190 |
| Salary range | Between $33,000 And $117,000 | Between $94,000 And $191,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | VMware | Meta |
| Best paying industry | - | Telecommunication |
There are a few differences between a business strategist and a head of business development in terms of educational background:
| Business Strategist | Head Of Business Development | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business strategists' and heads of business development' demographics:
| Business Strategist | Head Of Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 74.2% Female, 25.8% |
| 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% |