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The differences between executive associates and business development executives can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an executive associate, becoming a business development executive takes usually requires 8-10 years. Additionally, a business development executive has an average salary of $97,871, which is higher than the $85,371 average annual salary of an executive associate.
The top three skills for an executive associate include powerpoint, provides administrative support and project management. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Executive Associate | Business Development Executive | |
| Yearly salary | $85,371 | $97,871 |
| Hourly rate | $41.04 | $47.05 |
| Growth rate | -8% | 10% |
| Number of jobs | 65,999 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 75% |
| Average age | 49 | 39 |
| Years of experience | 4 | 10 |
An executive associate plays a vital role in maintaining a company's smooth workflow. They are in charge of coordinating employees with executives and performing administrative support tasks such as preparing and processing documents, organizing and disseminating files, arranging meetings and appointments, handling calls and correspondence, maintaining records of all transactions, and developing strategies to optimize office procedures. Furthermore, as an executive associate, it is essential to lead and encourage teams to reach goals, all while implementing the company's policies and regulations.
A business development executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Executive associates and business development executives have different pay scales, as shown below.
| Executive Associate | Business Development Executive | |
| Average salary | $85,371 | $97,871 |
| Salary range | Between $44,000 And $163,000 | Between $64,000 And $149,000 |
| Highest paying City | New York, NY | Phoenix, AZ |
| Highest paying state | New York | Arizona |
| Best paying company | Covington & Burling | Clifford Chance |
| Best paying industry | - | Pharmaceutical |
There are a few differences between an executive associate and a business development executive in terms of educational background:
| Executive Associate | Business Development Executive | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between executive associates' and business development executives' demographics:
| Executive Associate | Business Development Executive | |
| Average age | 49 | 39 |
| Gender ratio | Male, 31.5% Female, 68.5% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 7.6% Unknown, 4.8% Hispanic or Latino, 11.2% Asian, 5.0% White, 71.0% American Indian and Alaska Native, 0.4% | 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% |