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The differences between executive directors business development and directors of product development 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 director of product development. Additionally, a director of product development has an average salary of $140,507, which is higher than the $134,931 average annual salary of an executive director business development.
The top three skills for an executive director business development include CRM, market trends and market research. The most important skills for a director of product development are product development, project management, and product management.
| Executive Director Business Development | Director Of Product Development | |
| Yearly salary | $134,931 | $140,507 |
| Hourly rate | $64.87 | $67.55 |
| Growth rate | 10% | 10% |
| Number of jobs | 211,826 | 175,429 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| 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 Director of Product Development supervises and implements product development policies, initiatives, and objectives. They conduct market research to determine consumer needs and identify competitors.
Executive directors business development and directors of product development have different pay scales, as shown below.
| Executive Director Business Development | Director Of Product Development | |
| Average salary | $134,931 | $140,507 |
| Salary range | Between $88,000 And $205,000 | Between $100,000 And $196,000 |
| Highest paying City | San Francisco, CA | San Mateo, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Exelixis | Apple |
| Best paying industry | Technology | Manufacturing |
There are a few differences between an executive director business development and a director of product development in terms of educational background:
| Executive Director Business Development | Director Of Product Development | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between executive directors business development' and directors of product development' demographics:
| Executive Director Business Development | Director Of Product Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 72.0% Female, 28.0% |
| 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% |