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The differences between directors, strategic initiatives and business development 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, strategic initiatives and a business development director. Additionally, a business development director has an average salary of $117,784, which is higher than the $110,532 average annual salary of a director, strategic initiatives.
The top three skills for a director, strategic initiatives include project management, oversight and business development. The most important skills for a business development director are healthcare, CRM, and patients.
| Director, Strategic Initiatives | Business Development Director | |
| Yearly salary | $110,532 | $117,784 |
| Hourly rate | $53.14 | $56.63 |
| Growth rate | 10% | 10% |
| Number of jobs | 32,990 | 153,601 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A director of strategic initiatives spearheads the business planning efforts in a company, ensuring efficiency and profit growth. Typically, their responsibilities revolve around performing research and analysis to determine the best practices for optimal operations, coordinating with analysts and other experts to devise strategies to improve existing systems and procedures, and managing budgets in adherence to the goals and needs of a company. Furthermore, as a director, it is essential to lead and encourage the workforce to reach new heights, all while implementing the company's policies and regulations.
A business development director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes. They must also conduct a thorough marketing analysis and remain updated on the latest trends in the market to identify new opportunities that would improve customer satisfaction. Furthermore, they must also communicate with all clients, even appear on public gatherings to strengthen brand awareness.
Directors, strategic initiatives and business development directors have different pay scales, as shown below.
| Director, Strategic Initiatives | Business Development Director | |
| Average salary | $110,532 | $117,784 |
| Salary range | Between $71,000 And $171,000 | Between $72,000 And $192,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Mexico |
| Best paying company | McKinsey & Company Inc | alliantgroup |
| Best paying industry | Finance | Finance |
There are a few differences between a director, strategic initiatives and a business development director in terms of educational background:
| Director, Strategic Initiatives | Business Development Director | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors, strategic initiatives' and business development directors' demographics:
| Director, Strategic Initiatives | Business Development Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 72.3% Female, 27.7% |
| 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% |