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The differences between directors of strategic business development 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 of strategic business development and a director of product development. Additionally, a director of product development has an average salary of $140,507, which is higher than the $121,521 average annual salary of a director of strategic business development.
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 director of product development are product development, project management, and product management.
| Director Of Strategic Business Development | Director Of Product Development | |
| Yearly salary | $121,521 | $140,507 |
| Hourly rate | $58.42 | $67.55 |
| Growth rate | 10% | 10% |
| Number of jobs | 155,023 | 175,429 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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 Director of Product Development supervises and implements product development policies, initiatives, and objectives. They conduct market research to determine consumer needs and identify competitors.
Directors of strategic business development and directors of product development have different pay scales, as shown below.
| Director Of Strategic Business Development | Director Of Product Development | |
| Average salary | $121,521 | $140,507 |
| Salary range | Between $78,000 And $187,000 | Between $100,000 And $196,000 |
| Highest paying City | San Francisco, CA | San Mateo, CA |
| Highest paying state | California | California |
| Best paying company | VMware | Apple |
| Best paying industry | Hospitality | Manufacturing |
There are a few differences between a director of strategic business development and a director of product development in terms of educational background:
| Director Of Strategic Business Development | Director Of Product Development | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors of strategic business development' and directors of product development' demographics:
| Director Of Strategic Business Development | Director Of Product Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 77.2% Female, 22.8% | 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% |