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The differences between directors, business development and strategy 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 director, business development and strategy and a business development manager. Additionally, a director, business development and strategy has an average salary of $154,933, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a director, business development and strategy include project management, market trends and product development. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Director, Business Development And Strategy | Business Development Manager | |
| Yearly salary | $154,933 | $100,769 |
| Hourly rate | $74.49 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 160,378 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A director of business development and strategy spearheads and oversees a company's business development programs, ensuring efficiency and smooth workflow. They are responsible for setting goals and guidelines, establishing schedules and budgets, delegating tasks, and monitoring the progress of all operations, implementing solutions against problem areas. They must also gather and analyze data to identify the strengths and weaknesses of current procedures and develop strategies to optimize operations. Moreover, as a director, they must promote and enforce the company's policies and regulations, create new ones as needed.
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.
Directors, business development and strategy and business development managers have different pay scales, as shown below.
| Director, Business Development And Strategy | Business Development Manager | |
| Average salary | $154,933 | $100,769 |
| Salary range | Between $107,000 And $224,000 | Between $67,000 And $151,000 |
| Highest paying City | Providence, RI | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Mainline Health Systems | Shearman & Sterling |
| Best paying industry | Hospitality | Finance |
There are a few differences between a director, business development and strategy and a business development manager in terms of educational background:
| Director, Business Development And Strategy | Business Development Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors, business development and strategy' and business development managers' demographics:
| Director, Business Development And Strategy | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 80.1% Female, 19.9% | 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% |