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The differences between global account directors and vice presidents, business development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a global account director, becoming a vice president, business development takes usually requires More than 10 years. Additionally, a vice president, business development has an average salary of $165,159, which is higher than the $123,659 average annual salary of a global account director.
The top three skills for a global account director include account management, global account and business development. The most important skills for a vice president, business development are healthcare, business strategy, and revenue growth.
| Global Account Director | Vice President, Business Development | |
| Yearly salary | $123,659 | $165,159 |
| Hourly rate | $59.45 | $79.40 |
| Growth rate | 5% | 6% |
| Number of jobs | 116,643 | 188,137 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Average age | 46 | 52 |
| Years of experience | 8 | - |
Global account managers are executive professionals who manage global staff in work and design procedures to generate profitable sales in existing and new business accounts of an organization. These managers must analyze the requirements of all their customers so that they can develop solutions and provide assistance to a variety of services and products. They must maintain relationships with key customers while preparing market strategies to enhance growth. Global account managers must also update their knowledge on all new technology in business by participating in various industry events and conferences.
A vice president of business development is an individual who leads in the execution of business plans and provides new business strategies for an organization. Vice presidents of business development closely work with a team of salespeople, management, and lower-level employees to secure contracts with new customers and manage ongoing agreements. They often travel to participate in business conferences and meetings with vendors and suppliers. Vice presidents of business development must also possess a bachelor's degree in business administration or marketing.
Global account directors and vice presidents, business development have different pay scales, as shown below.
| Global Account Director | Vice President, Business Development | |
| Average salary | $123,659 | $165,159 |
| Salary range | Between $89,000 And $170,000 | Between $104,000 And $262,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Oregon | Washington |
| Best paying company | PayPal | Fanatics |
| Best paying industry | Media | Manufacturing |
There are a few differences between a global account director and a vice president, business development in terms of educational background:
| Global Account Director | Vice President, Business Development | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between global account directors' and vice presidents, business development' demographics:
| Global Account Director | Vice President, Business Development | |
| Average age | 46 | 52 |
| Gender ratio | Male, 70.5% Female, 29.5% | Male, 81.3% Female, 18.7% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% | Black or African American, 3.8% Unknown, 3.9% Hispanic or Latino, 7.9% Asian, 7.7% White, 76.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 12% |