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The differences between corporate development directors and market 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 market development manager. Additionally, a corporate development director has an average salary of $159,614, which is higher than the $111,159 average annual salary of a market 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 market development manager are digital marketing, market development, and competitor analysis.
| Corporate Development Director | Market Development Manager | |
| Yearly salary | $159,614 | $111,159 |
| Hourly rate | $76.74 | $53.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 95,421 | 173,901 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| 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 market development manager is in charge of overseeing marketing operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around assessing existing projects and programs, identifying areas needing improvement, devising strategies to find new opportunities, and coordinating with different departments to ensure profitable growth and a strong client base. They are also in charge of creating training programs for new employees, managing the budget, and supervising marketing initiatives. Furthermore, as a manager, it is essential to lead and encourage teams to reach goals and optimal performance, all while implementing the company's policies and regulations.
Corporate development directors and market development managers have different pay scales, as shown below.
| Corporate Development Director | Market Development Manager | |
| Average salary | $159,614 | $111,159 |
| Salary range | Between $110,000 And $230,000 | Between $74,000 And $165,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | Maryland |
| Best paying company | Mayo Clinic | Apple |
| Best paying industry | Telecommunication | Technology |
There are a few differences between a corporate development director and a market development manager in terms of educational background:
| Corporate Development Director | Market Development Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between corporate development directors' and market development managers' demographics:
| Corporate Development Director | Market Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.7% Female, 30.3% | Male, 70.0% Female, 30.0% |
| 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% |