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The differences between directors, strategic initiatives and business directors 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, strategic initiatives, becoming a business director takes usually requires 4-6 years. Additionally, a business director has an average salary of $124,563, 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 director are project management, healthcare, and sigma.
| Director, Strategic Initiatives | Business Director | |
| Yearly salary | $110,532 | $124,563 |
| Hourly rate | $53.14 | $59.89 |
| Growth rate | 10% | 6% |
| Number of jobs | 32,990 | 137,880 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 69% |
| Average age | 39 | 44 |
| Years of experience | 10 | 6 |
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.
Business directors are responsible for overseeing the development of an organization's business goals and objectives. They typically work to increase business revenue, identify and develop business opportunities, and expand the company's presence and its brands. Other duties and responsibilities may include establishing effective company policies, goals, and sales targets, overseeing financial and budgetary activities, and identifying ways to minimize cost and boost financial performance. Business directors are also expected to negotiate contracts with clients and suppliers and propose and develop new partnerships.
Directors, strategic initiatives and business directors have different pay scales, as shown below.
| Director, Strategic Initiatives | Business Director | |
| Average salary | $110,532 | $124,563 |
| Salary range | Between $71,000 And $171,000 | Between $86,000 And $178,000 |
| Highest paying City | San Francisco, CA | Providence, RI |
| Highest paying state | California | Rhode Island |
| Best paying company | McKinsey & Company Inc | Ep Energy |
| Best paying industry | Finance | Finance |
There are a few differences between a director, strategic initiatives and a business director in terms of educational background:
| Director, Strategic Initiatives | Business Director | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between directors, strategic initiatives' and business directors' demographics:
| Director, Strategic Initiatives | Business Director | |
| Average age | 39 | 44 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 63.3% Female, 36.7% |
| 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, 6.1% Unknown, 4.3% Hispanic or Latino, 14.9% Asian, 6.3% White, 68.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |