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The differences between entrepreneurs and requirements managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an entrepreneur, becoming a requirements manager takes usually requires 6-8 years. Additionally, a requirements manager has an average salary of $87,310, which is higher than the $70,849 average annual salary of an entrepreneur.
The top three skills for an entrepreneur include kids, web design and product development. The most important skills for a requirements manager are java, client facing, and emerging technologies.
| Entrepreneur | Requirements Manager | |
| Yearly salary | $70,849 | $87,310 |
| Hourly rate | $34.06 | $41.98 |
| Growth rate | 6% | 16% |
| Number of jobs | 34,711 | 64,837 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 64% |
| Average age | 44 | 47 |
| Years of experience | 6 | 8 |
An entrepreneur is a business owner who regularly creates new ventures and sells them with the end goal of turning them into profit. To start up a new business, entrepreneurs must create business plans and acquire resources and financing while hiring talented individuals. They play a vital role in the economy because they are the driver of economic growth and innovation. They also make use of their business as a means of creating a sustainable living, which improves the quality of life.
A Requirements Manager develops and oversees procedures to ensure that projects meet their needs. They focus on identifying project requirements through extensive research and analysis, conceptualizing plans to attain them. There are also instances when they must spearhead product and requirement reviews, identifying their strengths and weaknesses to develop solutions against potential problem areas. Most Requirements Managers manage development teams, leading and encouraging them to reach goals while implementing company standards and regulations for a smooth and efficient workflow.
Entrepreneurs and requirements managers have different pay scales, as shown below.
| Entrepreneur | Requirements Manager | |
| Average salary | $70,849 | $87,310 |
| Salary range | Between $42,000 And $118,000 | Between $56,000 And $135,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | General Catalyst | - |
| Best paying industry | Finance | - |
There are a few differences between an entrepreneur and a requirements manager in terms of educational background:
| Entrepreneur | Requirements Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Carnegie Mellon University |
Here are the differences between entrepreneurs' and requirements managers' demographics:
| Entrepreneur | Requirements Manager | |
| Average age | 44 | 47 |
| Gender ratio | Male, 58.5% Female, 41.5% | Male, 66.8% Female, 33.2% |
| Race ratio | Black or African American, 6.3% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5% | Black or African American, 6.8% Unknown, 5.2% Hispanic or Latino, 10.2% Asian, 12.6% White, 65.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 11% |