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The differences between chief development officers and business development directors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a chief development officer, becoming a business development director takes usually requires 8-10 years. Additionally, a business development director has an average salary of $117,784, which is higher than the $116,047 average annual salary of a chief development officer.
The top three skills for a chief development officer include kids, oversight and CDO. The most important skills for a business development director are healthcare, CRM, and patients.
| Chief Development Officer | Business Development Director | |
| Yearly salary | $116,047 | $117,784 |
| Hourly rate | $55.79 | $56.63 |
| Growth rate | 8% | 10% |
| Number of jobs | 135,511 | 153,601 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Average age | 42 | 39 |
| Years of experience | 4 | 10 |
A chief development officer is responsible for joining the senior management team in incorporating business decisions that would benefit the organization in achieving long-term goals and objectives. Chief development officers lead the growth planning and strategizing techniques to improve operations and ensure customer satisfaction. They approve budgets and resources allocation across the organization to serve business functions and address issues. A chief development officer must have excellent communication and leadership skills, especially in raising funds and maintaining healthy relationships with business partners.
A business development director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes. They must also conduct a thorough marketing analysis and remain updated on the latest trends in the market to identify new opportunities that would improve customer satisfaction. Furthermore, they must also communicate with all clients, even appear on public gatherings to strengthen brand awareness.
Chief development officers and business development directors have different pay scales, as shown below.
| Chief Development Officer | Business Development Director | |
| Average salary | $116,047 | $117,784 |
| Salary range | Between $67,000 And $199,000 | Between $72,000 And $192,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | New Mexico |
| Best paying company | McKinsey & Company Inc | alliantgroup |
| Best paying industry | Professional | Finance |
There are a few differences between a chief development officer and a business development director in terms of educational background:
| Chief Development Officer | Business Development Director | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Georgia |
Here are the differences between chief development officers' and business development directors' demographics:
| Chief Development Officer | Business Development Director | |
| Average age | 42 | 39 |
| Gender ratio | Male, 66.7% Female, 33.3% | Male, 72.3% Female, 27.7% |
| Race ratio | Black or African American, 6.0% Unknown, 4.7% Hispanic or Latino, 9.2% Asian, 5.1% White, 74.6% American Indian and Alaska Native, 0.4% | 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 | 16% | 10% |