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The differences between directors new business development and business development account managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a director new business development, becoming a business development account manager takes usually requires 6-8 years. Additionally, a director new business development has an average salary of $110,272, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for a director new business development include business development, project management and account management. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Director New Business Development | Business Development Account Manager | |
| Yearly salary | $110,272 | $99,209 |
| Hourly rate | $53.02 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 154,470 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A director of new business development is in charge of spearheading new programs and procedures, ensuring efficiency and smooth workflow. It is their duty to set goals and objectives in adherence to the company's vision and mission, establishing guidelines, allocating budgets, and overseeing the progress of all efforts. Furthermore, as a director of new business development, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Directors new business development and business development account managers have different pay scales, as shown below.
| Director New Business Development | Business Development Account Manager | |
| Average salary | $110,272 | $99,209 |
| Salary range | Between $72,000 And $168,000 | Between $57,000 And $170,000 |
| Highest paying City | Sacramento, CA | San Francisco, CA |
| Highest paying state | California | New Hampshire |
| Best paying company | Wpp Us Holdings Inc | Meta |
| Best paying industry | Energy | - |
There are a few differences between a director new business development and a business development account manager in terms of educational background:
| Director New Business Development | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between directors new business development' and business development account managers' demographics:
| Director New Business Development | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 69.2% Female, 30.8% | Male, 62.4% Female, 37.6% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 7% |