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The differences between business strategists and senior 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 senior business development manager. Additionally, a senior business development manager has an average salary of $129,638, 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 senior business development manager are healthcare, cloud, and business relationships.
| Business Strategist | Senior Business Development Manager | |
| Yearly salary | $62,796 | $129,638 |
| Hourly rate | $30.19 | $62.33 |
| Growth rate | 10% | 10% |
| Number of jobs | 100,217 | 204,172 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| 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.
As senior business development manager is mainly responsible for creating and maintaining solid relationships and making business decisions. They do plan ways to grow the business, find areas of client needs, manage business negotiations, and review and approve other business decisions. It is expected in their job to seamlessly complete target deadlines and delegate tasks to subordinates. Moreover, they should be able to have good working relationships with employees and clients, so good communication and interpersonal skills are necessary.
Business strategists and senior business development managers have different pay scales, as shown below.
| Business Strategist | Senior Business Development Manager | |
| Average salary | $62,796 | $129,638 |
| Salary range | Between $33,000 And $117,000 | Between $94,000 And $178,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | VMware | Shearman & Sterling |
| Best paying industry | - | Manufacturing |
There are a few differences between a business strategist and a senior business development manager in terms of educational background:
| Business Strategist | Senior Business Development Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business strategists' and senior business development managers' demographics:
| Business Strategist | Senior Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 74.8% Female, 25.2% |
| 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% |