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The differences between category managers 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 category manager and a business development manager. Additionally, a category manager has an average salary of $102,035, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a category manager include strategic sourcing, category strategy and supplier performance. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Category Manager | Business Development Manager | |
| Yearly salary | $102,035 | $100,769 |
| Hourly rate | $49.06 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 108,424 | 215,309 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Category managers are usually employed in the retail industry. They are primarily responsible for the sales enhancement of a specific group of products. The managers are involved in pricing, marketing, inventory, and vendor management. Their daily tasks include meeting with suppliers to talk about the plans, conducting orientation to the market research company, and updating category reports. Qualified applicants must have a degree in business administration or a related field as well as relevant job experience in a related job.
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.
Category managers and business development managers have different pay scales, as shown below.
| Category Manager | Business Development Manager | |
| Average salary | $102,035 | $100,769 |
| Salary range | Between $74,000 And $138,000 | Between $67,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Nevada | California |
| Best paying company | McKinsey & Company Inc | Shearman & Sterling |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a category manager and a business development manager in terms of educational background:
| Category Manager | Business Development Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between category managers' and business development managers' demographics:
| Category Manager | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 55.7% Female, 44.3% | Male, 68.6% Female, 31.4% |
| 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% |