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The differences between corporate development directors 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 corporate development director and a business development manager. Additionally, a corporate development director has an average salary of $159,614, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a corporate development director include corporate development, project management and financial models. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Corporate Development Director | Business Development Manager | |
| Yearly salary | $159,614 | $100,769 |
| Hourly rate | $76.74 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 95,421 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Corporate Development Directors are executives with high business acumen. They oversee the business development initiatives of the company, often spearheading these activities. Corporate Development Directors closely follow the industry's current trends and economy, which would affect the market and its consumers. They analyze these trends to create initiatives that would bring further success to the business. Corporate development directors should uphold the company's image and ensure that business development initiatives align with the company's branding.
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.
Corporate development directors and business development managers have different pay scales, as shown below.
| Corporate Development Director | Business Development Manager | |
| Average salary | $159,614 | $100,769 |
| Salary range | Between $110,000 And $230,000 | Between $67,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Mayo Clinic | Shearman & Sterling |
| Best paying industry | Telecommunication | Finance |
There are a few differences between a corporate development director and a business development manager in terms of educational background:
| Corporate Development Director | Business Development Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between corporate development directors' and business development managers' demographics:
| Corporate Development Director | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.7% Female, 30.3% | 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% |