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The differences between executive directors business development and business development account managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become an executive director business development, becoming a business development account manager takes usually requires 6-8 years. Additionally, an executive director business development has an average salary of $134,931, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for an executive director business development include CRM, market trends and market research. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Executive Director Business Development | Business Development Account Manager | |
| Yearly salary | $134,931 | $99,209 |
| Hourly rate | $64.87 | $47.70 |
| Growth rate | 10% | 5% |
| Number of jobs | 211,826 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
A business development executive's primary goal is to help their company drive forward using multilayered sales and customer service skills. They research and pursue prospective clients and new business leads that have excellent business growth potential. They are expected to work on new business proposals and present persuasive presentations for their services or products. They must conduct a thorough analysis to ensure success and avoid losses that may affect their business partners' and shareholders' trust in the company's capability of maximizing target profit.
A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Executive directors business development and business development account managers have different pay scales, as shown below.
| Executive Director Business Development | Business Development Account Manager | |
| Average salary | $134,931 | $99,209 |
| Salary range | Between $88,000 And $205,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | New Hampshire |
| Best paying company | Exelixis | Meta |
| Best paying industry | Technology | - |
There are a few differences between an executive director business development and a business development account manager in terms of educational background:
| Executive Director Business Development | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between executive directors business development' and business development account managers' demographics:
| Executive Director Business Development | Business Development Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 62.4% Female, 37.6% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 7% |