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The differences between global account executives and business developers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business developer has an average salary of $101,635, which is higher than the $99,669 average annual salary of a global account executive.
The top three skills for a global account executive include cloud, global account and lead generation. The most important skills for a business developer are healthcare, CRM, and customer service.
| Global Account Executive | Business Developer | |
| Yearly salary | $99,669 | $101,635 |
| Hourly rate | $47.92 | $48.86 |
| Growth rate | - | 10% |
| Number of jobs | 108,124 | 193,469 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A global account executive's role is to communicate with multinational clients, aiming to secure sales and client satisfaction. Among their responsibilities include researching business and client opportunities, reaching out to clients through calls and correspondence, developing sales strategies, and monitoring the progress of all accounts. Moreover, as a global account executive, it is essential to assist clients by identifying and meeting their needs, answering inquiries, and processing their payments. Above all, should there be any issues and concerns, it is essential to resolve them promptly and efficiently.
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Global account executives and business developers have different pay scales, as shown below.
| Global Account Executive | Business Developer | |
| Average salary | $99,669 | $101,635 |
| Salary range | Between $38,000 And $259,000 | Between $66,000 And $156,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Massachusetts | California |
| Best paying company | Pure Storage | Apple |
| Best paying industry | Start-up | Manufacturing |
There are a few differences between a global account executive and a business developer in terms of educational background:
| Global Account Executive | Business Developer | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Stanford University | Western Carolina University |
Here are the differences between global account executives' and business developers' demographics:
| Global Account Executive | Business Developer | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.7% Female, 35.3% | Male, 65.8% Female, 34.2% |
| Race ratio | Black or African American, 7.1% Unknown, 4.1% Hispanic or Latino, 15.7% Asian, 5.7% White, 67.1% American Indian and Alaska Native, 0.4% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 5% | 11% |