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The differences between consultants in product development and business development directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a consultant in product development and a business development director. Additionally, a business development director has an average salary of $117,784, which is higher than the $111,727 average annual salary of a consultant in product development.
The top three skills for a consultant in product development include cycle management, business development and product development. The most important skills for a business development director are healthcare, CRM, and patients.
| Consultant In Product Development | Business Development Director | |
| Yearly salary | $111,727 | $117,784 |
| Hourly rate | $53.71 | $56.63 |
| Growth rate | 10% | 10% |
| Number of jobs | 138,422 | 153,601 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Product development consultants create products with enhanced or additional features to help their clients remain competitive. They evaluate the proposed designs of products before advising their team to start its development. Their jobs are mainly to report on actions to improve the product proposals and give constructive criticisms regarding the staff's performance during meetings or group huddles. They must also have strong written and verbal communication skills, knowledge in product development processes, and detail orientation to perform the duties of the job well.
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.
Consultants in product development and business development directors have different pay scales, as shown below.
| Consultant In Product Development | Business Development Director | |
| Average salary | $111,727 | $117,784 |
| Salary range | Between $81,000 And $153,000 | Between $72,000 And $192,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Mexico |
| Best paying company | ERM | alliantgroup |
| Best paying industry | Transportation | Finance |
There are a few differences between a consultant in product development and a business development director in terms of educational background:
| Consultant In Product Development | Business Development Director | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between consultants in product development' and business development directors' demographics:
| Consultant In Product Development | Business Development Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 66.6% Female, 33.4% | Male, 72.3% Female, 27.7% |
| 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% |