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The differences between executive directors business development and business development executives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both an executive director business development and a business development executive. Additionally, an executive director business development has an average salary of $134,931, which is higher than the $97,871 average annual salary of a business development executive.
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 executive are business development, digital transformation, and customer service.
| Executive Director Business Development | Business Development Executive | |
| Yearly salary | $134,931 | $97,871 |
| Hourly rate | $64.87 | $47.05 |
| Growth rate | 10% | 10% |
| Number of jobs | 211,826 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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 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 directors business development and business development executives have different pay scales, as shown below.
| Executive Director Business Development | Business Development Executive | |
| Average salary | $134,931 | $97,871 |
| Salary range | Between $88,000 And $205,000 | Between $64,000 And $149,000 |
| Highest paying City | San Francisco, CA | Phoenix, AZ |
| Highest paying state | Rhode Island | Arizona |
| Best paying company | Exelixis | Clifford Chance |
| Best paying industry | Technology | Pharmaceutical |
There are a few differences between an executive director business development and a business development executive in terms of educational background:
| Executive Director Business Development | Business Development Executive | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between executive directors business development' and business development executives' demographics:
| Executive Director Business Development | Business Development Executive | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 63.8% Female, 36.2% |
| 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% |