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The differences between executive directors business development and business development managers 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 manager. Additionally, an executive director business development has an average salary of $134,931, which is higher than the $100,769 average annual salary of a business development 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 manager are customer service, CRM, and healthcare.
| Executive Director Business Development | Business Development Manager | |
| Yearly salary | $134,931 | $100,769 |
| Hourly rate | $64.87 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 211,826 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 74% |
| 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 manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
Executive directors business development and business development managers have different pay scales, as shown below.
| Executive Director Business Development | Business Development Manager | |
| Average salary | $134,931 | $100,769 |
| Salary range | Between $88,000 And $205,000 | Between $67,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Exelixis | Shearman & Sterling |
| Best paying industry | Technology | Finance |
There are a few differences between an executive director business development and a business development manager in terms of educational background:
| Executive Director Business Development | Business Development Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 74% |
| 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 managers' demographics:
| Executive Director Business Development | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 68.6% Female, 31.4% |
| 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% |