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The differences between global account executives and business development executives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a global account executive has an average salary of $99,669, which is higher than the $97,871 average annual salary of a business development executive.
The top three skills for a global account executive include cloud, global account and lead generation. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Global Account Executive | Business Development Executive | |
| Yearly salary | $99,669 | $97,871 |
| Hourly rate | $47.92 | $47.05 |
| Growth rate | - | 10% |
| Number of jobs | 108,124 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 75% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
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 development executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Global account executives and business development executives have different pay scales, as shown below.
| Global Account Executive | Business Development Executive | |
| Average salary | $99,669 | $97,871 |
| Salary range | Between $38,000 And $259,000 | Between $64,000 And $149,000 |
| Highest paying City | Boston, MA | Phoenix, AZ |
| Highest paying state | Massachusetts | Arizona |
| Best paying company | Pure Storage | Clifford Chance |
| Best paying industry | Start-up | Pharmaceutical |
There are a few differences between a global account executive and a business development executive in terms of educational background:
| Global Account Executive | Business Development Executive | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Georgia |
Here are the differences between global account executives' and business development executives' demographics:
| Global Account Executive | Business Development Executive | |
| Average age | 44 | 39 |
| Gender ratio | Male, 64.7% Female, 35.3% | Male, 63.8% Female, 36.2% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 5% | 10% |