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The differences between directors of strategic 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 of strategic business development, becoming a business development account manager takes usually requires 6-8 years. Additionally, a director of strategic business development has an average salary of $121,521, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for a director of strategic business development include market analysis, cloud and strategic business development. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Director Of Strategic Business Development | Business Development Account Manager | |
| Yearly salary | $121,521 | $99,209 |
| Hourly rate | $58.42 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 155,023 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A director of strategic business development spearheads the operations that focus on creating and implementing strategies to optimize business operations. They liaise and build positive relationships with internal and external parties, conduct market research and analyses, set goals and guidelines, establish projects and programs, and oversee operations from planning to execution. Moreover, as a director of strategic business development, it is essential to lead employees while implementing the organizations' standards and policies for a smooth and efficient workflow.
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 of strategic business development and business development account managers have different pay scales, as shown below.
| Director Of Strategic Business Development | Business Development Account Manager | |
| Average salary | $121,521 | $99,209 |
| Salary range | Between $78,000 And $187,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Hampshire |
| Best paying company | VMware | Meta |
| Best paying industry | Hospitality | - |
There are a few differences between a director of strategic business development and a business development account manager in terms of educational background:
| Director Of Strategic Business Development | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 70% | 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 of strategic business development' and business development account managers' demographics:
| Director Of Strategic Business Development | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 77.2% Female, 22.8% | 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% |