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The differences between corporate account managers and account development managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a corporate account manager and an account development manager. Additionally, a corporate account manager has an average salary of $90,069, which is higher than the $72,375 average annual salary of an account development manager.
The top three skills for a corporate account manager include healthcare, account management and customer relationships. The most important skills for an account development manager are customer relationships, customer accounts, and CRM.
| Corporate Account Manager | Account Development Manager | |
| Yearly salary | $90,069 | $72,375 |
| Hourly rate | $43.30 | $34.80 |
| Growth rate | 5% | 5% |
| Number of jobs | 170,741 | 214,004 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 78% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
The duties of a corporate account manager depend on one's line of work or industry of employment. Typically, they are responsible for building a company's client base by devising strategies to identify market opportunities, reaching out to clients through calls and correspondence, and securing sales by offering products and services. They may also resolve issues and concerns, answer inquiries, process payments, and create billing plans as necessary. Furthermore, as a corporate account manager, it is essential to lead and encourage team members, all while implementing the company's policies and regulations.
An account development manager's responsibilities revolve around securing and reaching sales targets, creating business plans, developing strategies, and building positive relationships with clients. They must also reach out to clients through calls and correspondence, offer products and services, and address any issues and concerns, resolving them promptly and efficiently. There are also instances when they have to collect and process payments, perform follow-up calls, negotiate contracts, and even open and close accounts. Furthermore, as a manager, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.
Corporate account managers and account development managers have different pay scales, as shown below.
| Corporate Account Manager | Account Development Manager | |
| Average salary | $90,069 | $72,375 |
| Salary range | Between $54,000 And $147,000 | Between $43,000 And $120,000 |
| Highest paying City | Voorhees, NJ | Sacramento, CA |
| Highest paying state | New Jersey | New York |
| Best paying company | Clean Harbors | NVIDIA |
| Best paying industry | - | Technology |
There are a few differences between a corporate account manager and an account development manager in terms of educational background:
| Corporate Account Manager | Account Development Manager | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between corporate account managers' and account development managers' demographics:
| Corporate Account Manager | Account Development Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 61.8% Female, 38.2% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |