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The differences between funds development directors and chief development officers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a funds development director and a chief development officer. Additionally, a chief development officer has an average salary of $116,047, which is higher than the $94,994 average annual salary of a funds development director.
The top three skills for a funds development director include portfolio, donor relations and financial support. The most important skills for a chief development officer are kids, oversight, and CDO.
| Funds Development Director | Chief Development Officer | |
| Yearly salary | $94,994 | $116,047 |
| Hourly rate | $45.67 | $55.79 |
| Growth rate | 8% | 8% |
| Number of jobs | 55,583 | 135,511 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 65% |
| Average age | 42 | 42 |
| Years of experience | 4 | 4 |
A funds development director spearheads and oversees the funding operations of a company. It is their duty to make decisions that benefit the company and its overall operations, set goals and monthly objectives, establish guidelines and timelines, liaise with external parties, coordinate with managers and executives, review and analyze funding procedures and documentation, and develop strategies to optimize operations. Moreover, a funds development director leads and encourages staff to reach goals while implementing the company's policies and regulations.
A chief development officer is responsible for joining the senior management team in incorporating business decisions that would benefit the organization in achieving long-term goals and objectives. Chief development officers lead the growth planning and strategizing techniques to improve operations and ensure customer satisfaction. They approve budgets and resources allocation across the organization to serve business functions and address issues. A chief development officer must have excellent communication and leadership skills, especially in raising funds and maintaining healthy relationships with business partners.
Funds development directors and chief development officers have different pay scales, as shown below.
| Funds Development Director | Chief Development Officer | |
| Average salary | $94,994 | $116,047 |
| Salary range | Between $56,000 And $160,000 | Between $67,000 And $199,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | BNY Mellon | McKinsey & Company Inc |
| Best paying industry | Health Care | Professional |
There are a few differences between a funds development director and a chief development officer in terms of educational background:
| Funds Development Director | Chief Development Officer | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between funds development directors' and chief development officers' demographics:
| Funds Development Director | Chief Development Officer | |
| Average age | 42 | 42 |
| Gender ratio | Male, 38.3% Female, 61.7% | Male, 66.7% Female, 33.3% |
| Race ratio | Black or African American, 5.7% Unknown, 4.7% Hispanic or Latino, 8.9% Asian, 5.1% White, 75.2% American Indian and Alaska Native, 0.4% | Black or African American, 6.0% Unknown, 4.7% Hispanic or Latino, 9.2% Asian, 5.1% White, 74.6% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 16% | 16% |