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The differences between directors, business development and strategy and product directors 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 product director. Additionally, a director, business development and strategy has an average salary of $154,933, which is higher than the $148,910 average annual salary of a product director.
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 product director are product management, product strategy, and project management.
| Director, Business Development And Strategy | Product Director | |
| Yearly salary | $154,933 | $148,910 |
| Hourly rate | $74.49 | $71.59 |
| Growth rate | 10% | 10% |
| Number of jobs | 160,378 | 125,200 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| 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.
The duties of a product director depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the product development operations to ensure smooth flow and efficiency, devise strategies to improve processes, gather relevant data such as sales and customer feedback, and coordinate with different departments in developing new products and services. Furthermore, as a director, it is essential to lead and encourage departments to meet goals, all while implementing the company's policies and regulations, including its mission and vision.
Directors, business development and strategy and product directors have different pay scales, as shown below.
| Director, Business Development And Strategy | Product Director | |
| Average salary | $154,933 | $148,910 |
| Salary range | Between $107,000 And $224,000 | Between $104,000 And $212,000 |
| Highest paying City | Providence, RI | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Mainline Health Systems | Meta |
| Best paying industry | Hospitality | Internet |
There are a few differences between a director, business development and strategy and a product director in terms of educational background:
| Director, Business Development And Strategy | Product Director | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 73% |
| 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 product directors' demographics:
| Director, Business Development And Strategy | Product Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 80.1% Female, 19.9% | Male, 72.4% Female, 27.6% |
| 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% |