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The differences between directors of economic development and directors of advancement can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a director of economic development and a director of advancement. Additionally, a director of advancement has an average salary of $117,155, which is higher than the $107,578 average annual salary of a director of economic development.
The top three skills for a director of economic development include business development, project management and real estate. The most important skills for a director of advancement are analytics, professional development, and project management.
| Director Of Economic Development | Director Of Advancement | |
| Yearly salary | $107,578 | $117,155 |
| Hourly rate | $51.72 | $56.32 |
| Growth rate | 8% | 8% |
| Number of jobs | 55,938 | 11,473 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Average age | 42 | 42 |
| Years of experience | 4 | 4 |
An economic development director develops and spearheads the implementation of economic development programs in a city. They usually work for the city government, although there are some who work for private companies. It is their responsibility to perform market research and analysis, developing strategies to help the city in building positive relationships with businesses and potential economic partners. Moreover, as an economic development director, they are also responsible for managing and directing staff, encouraging them to reach project goals while implementing policies and standards.
The director of advancement plays an important role in the management of a development program that has the potential to advance a company's goals and mission. The typical duties for this role include leading employee communication functions, establishing asset level budget across the portfolio, and working closely with other departments, including compliance, investor relations, and tax/accounting. Additionally, you will be responsible for implementing an online solution for event management and email communication. As the director of the advancement, you should be understanding of employee needs and operational goals.
Directors of economic development and directors of advancement have different pay scales, as shown below.
| Director Of Economic Development | Director Of Advancement | |
| Average salary | $107,578 | $117,155 |
| Salary range | Between $64,000 And $180,000 | Between $74,000 And $184,000 |
| Highest paying City | Boston, MA | Menlo Park, CA |
| Highest paying state | Massachusetts | Nevada |
| Best paying company | AstraZeneca | First Republic Bank |
| Best paying industry | Health Care | Technology |
There are a few differences between a director of economic development and a director of advancement in terms of educational background:
| Director Of Economic Development | Director Of Advancement | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of economic development' and directors of advancement' demographics:
| Director Of Economic Development | Director Of Advancement | |
| Average age | 42 | 42 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 54.6% Female, 45.4% |
| Race ratio | Black or African American, 6.0% Unknown, 4.7% Hispanic or Latino, 9.1% Asian, 5.1% White, 74.7% American Indian and Alaska Native, 0.4% | Black or African American, 6.0% Unknown, 4.7% Hispanic or Latino, 9.1% Asian, 5.1% White, 74.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 16% | 16% |