Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between directors, strategic initiatives and heads of business 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, strategic initiatives and a head of business development. Additionally, a head of business development has an average salary of $134,190, 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 head of business development are cloud, C++, and project management.
| Director, Strategic Initiatives | Head Of Business Development | |
| Yearly salary | $110,532 | $134,190 |
| Hourly rate | $53.14 | $64.51 |
| Growth rate | 10% | 10% |
| Number of jobs | 32,990 | 158,539 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 63% |
| 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 head of business development is responsible for monitoring the company's overall business operations and client transactions. Heads of business development coordinate with clients for their requirements and specifications and develop the team to handle the project management operations. They also handle the budget and resource allocations and ensure that the team meets the deadline and high-quality deliverables on time. Ahead of business development must be regularly updated with the current market trends to identify opportunities that would generate more revenue resources for the business.
Directors, strategic initiatives and heads of business development have different pay scales, as shown below.
| Director, Strategic Initiatives | Head Of Business Development | |
| Average salary | $110,532 | $134,190 |
| Salary range | Between $71,000 And $171,000 | Between $94,000 And $191,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | McKinsey & Company Inc | Meta |
| Best paying industry | Finance | Telecommunication |
There are a few differences between a director, strategic initiatives and a head of business development in terms of educational background:
| Director, Strategic Initiatives | Head Of Business Development | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors, strategic initiatives' and heads of business development' demographics:
| Director, Strategic Initiatives | Head Of Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 74.2% Female, 25.8% |
| 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% |