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The differences between executives and requirements managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become an executive, becoming a requirements manager takes usually requires 6-8 years. Additionally, an executive has an average salary of $108,285, which is higher than the $87,310 average annual salary of a requirements manager.
The top three skills for an executive include customer service, digital transformation and healthcare. The most important skills for a requirements manager are java, client facing, and emerging technologies.
| Executive | Requirements Manager | |
| Yearly salary | $108,285 | $87,310 |
| Hourly rate | $52.06 | $41.98 |
| Growth rate | 6% | 16% |
| Number of jobs | 83,869 | 64,837 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Average age | 52 | 47 |
| Years of experience | - | 8 |
An Executive's responsibilities vary depending on an organization or company. However, most of the time, it involves a great deal of leadership and communication. An Executive must oversee and direct employees towards particular sets of goals and vision, create strategies and plans that will benefit the company's financial gains and workforce, and as well as evaluate and analyze the progress of various company departments. Moreover, an Executive holds the power of decision-making, such as in the aspects of budget, promotions, and policies.
A Requirements Manager develops and oversees procedures to ensure that projects meet their needs. They focus on identifying project requirements through extensive research and analysis, conceptualizing plans to attain them. There are also instances when they must spearhead product and requirement reviews, identifying their strengths and weaknesses to develop solutions against potential problem areas. Most Requirements Managers manage development teams, leading and encouraging them to reach goals while implementing company standards and regulations for a smooth and efficient workflow.
Executives and requirements managers have different pay scales, as shown below.
| Executive | Requirements Manager | |
| Average salary | $108,285 | $87,310 |
| Salary range | Between $63,000 And $184,000 | Between $56,000 And $135,000 |
| Highest paying City | Providence, RI | - |
| Highest paying state | Rhode Island | - |
| Best paying company | Capgemini | - |
| Best paying industry | - | - |
There are a few differences between an executive and a requirements manager in terms of educational background:
| Executive | Requirements Manager | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Carnegie Mellon University |
Here are the differences between executives' and requirements managers' demographics:
| Executive | Requirements Manager | |
| Average age | 52 | 47 |
| Gender ratio | Male, 56.0% Female, 44.0% | Male, 66.8% Female, 33.2% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.7% Asian, 7.6% White, 76.4% American Indian and Alaska Native, 0.6% | Black or African American, 6.8% Unknown, 5.2% Hispanic or Latino, 10.2% Asian, 12.6% White, 65.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 11% |