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The differences between funds development directors and directors of advancement 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 director of advancement. Additionally, a director of advancement has an average salary of $117,155, 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 director of advancement are analytics, professional development, and project management.
| Funds Development Director | Director Of Advancement | |
| Yearly salary | $94,994 | $117,155 |
| Hourly rate | $45.67 | $56.32 |
| Growth rate | 8% | 8% |
| Number of jobs | 55,583 | 11,473 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 67% |
| 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.
The director of advancement plays an important role in the management of a development program that has the potential to advance a company's goals and mission. The typical duties for this role include leading employee communication functions, establishing asset level budget across the portfolio, and working closely with other departments, including compliance, investor relations, and tax/accounting. Additionally, you will be responsible for implementing an online solution for event management and email communication. As the director of the advancement, you should be understanding of employee needs and operational goals.
Funds development directors and directors of advancement have different pay scales, as shown below.
| Funds Development Director | Director Of Advancement | |
| Average salary | $94,994 | $117,155 |
| Salary range | Between $56,000 And $160,000 | Between $74,000 And $184,000 |
| Highest paying City | New York, NY | Menlo Park, CA |
| Highest paying state | New Jersey | Nevada |
| Best paying company | BNY Mellon | First Republic Bank |
| Best paying industry | Health Care | Technology |
There are a few differences between a funds development director and a director of advancement in terms of educational background:
| Funds Development Director | Director Of Advancement | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between funds development directors' and directors of advancement' demographics:
| Funds Development Director | Director Of Advancement | |
| Average age | 42 | 42 |
| Gender ratio | Male, 38.3% Female, 61.7% | Male, 54.6% Female, 45.4% |
| 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, 9.1% Asian, 5.1% White, 74.7% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 16% | 16% |