Director, business development and strategy vs director of product development

The differences between directors, business development and strategy and directors of product development 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 director of product development. Additionally, a director, business development and strategy has an average salary of $154,933, which is higher than the $140,507 average annual salary of a director of product development.

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 director of product development are product development, project management, and product management.

Director, business development and strategy vs director of product development overview

	Director, Business Development And Strategy	Director Of Product Development
Yearly salary	$154,933	$140,507
Hourly rate	$74.49	$67.55
Growth rate	10%	10%
Number of jobs	160,378	175,429
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 71%
Average age	39	39
Years of experience	10	10

What does a director, business development and strategy do?

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.

What does a director of product development do?

A Director of Product Development supervises and implements product development policies, initiatives, and objectives. They conduct market research to determine consumer needs and identify competitors.

Director, business development and strategy vs director of product development salary

Directors, business development and strategy and directors of product development have different pay scales, as shown below.

	Director, Business Development And Strategy	Director Of Product Development
Average salary	$154,933	$140,507
Salary range	Between $107,000 And $224,000	Between $100,000 And $196,000
Highest paying City	Providence, RI	San Mateo, CA
Highest paying state	Rhode Island	California
Best paying company	Mainline Health Systems	Apple
Best paying industry	Hospitality	Manufacturing

Differences between director, business development and strategy and director of product development education

There are a few differences between a director, business development and strategy and a director of product development in terms of educational background:

	Director, Business Development And Strategy	Director Of Product Development
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	University of Georgia	University of Georgia

Director, business development and strategy vs director of product development demographics

Here are the differences between directors, business development and strategy' and directors of product development' demographics:

	Director, Business Development And Strategy	Director Of Product Development
Average age	39	39
Gender ratio	Male, 80.1% Female, 19.9%	Male, 72.0% Female, 28.0%
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%

Differences between director, business development and strategy and director of product development duties and responsibilities

Director, business development and strategy example responsibilities.

Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
Design funnels, campaigns and processes to maximize client ROI.
Provide mergers and acquisitions due diligence/modeling analysis/management/valuation support.
Provide mergers and acquisitions due diligence/modeling analysis/management/valuation support.

Director of product development example responsibilities.

Organize and manage project meetings between partners, vendors, and associates using both scrum and waterfall methodologies.
Manage long-term care, hospital transition, and Medicaid- Medicare expansion initiatives, that includes model of care design and implementation )
Manage packaging design and nutritional labeling within QA guidelines.
Manage company intellectual portfolio and develop key relationships with vendors and clients including leading global technology companies.
Develop using Java, JSP, J2EE, CSS, DHTML, HTML, Plugins and JavaScript.
Prepare proposals for new projects, including project feasibility, ROI, expenses and costs.

Director, business development and strategy vs director of product development skills

Common director, business development and strategy skills

Project Management, 16%
Market Trends, 15%
Product Development, 10%
Market Research, 5%
Strategic Plan, 5%
Corporate Strategy, 4%

Common director of product development skills

Product Development, 12%
Project Management, 9%
Product Management, 9%
R, 7%
Product Strategy, 4%
Market Research, 3%

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Director, Business Development And Strategy
Director, Business Development And Strategy vs Director Of Product Development

Updated January 8, 2025

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