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The differences between global account managers and business development account managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a global account manager and a business development account manager. Additionally, a global account manager has an average salary of $123,233, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for a global account manager include global account, account management and customer satisfaction. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Global Account Manager | Business Development Account Manager | |
| Yearly salary | $123,233 | $99,209 |
| Hourly rate | $59.25 | $47.70 |
| Growth rate | 5% | 5% |
| Number of jobs | 173,713 | 222,573 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 78% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Global Account Managers are employees who oversee the company's client accounts. They are part of the company's sales departments, and they specialize in ensuring that clients would continue their partnership or engagement with the company. They are in charge of taking care of their clients who are, at times, in different areas or regions. Global account managers look at the company's sales performance and recommend action steps to improve performance. They often take on challenging client accounts and manage the clients' relationship with the company. Global Account Managers also come up with strategies to ensure client engagement, retention, and loyalty.
A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Global account managers and business development account managers have different pay scales, as shown below.
| Global Account Manager | Business Development Account Manager | |
| Average salary | $123,233 | $99,209 |
| Salary range | Between $87,000 And $174,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Hampshire |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | - |
There are a few differences between a global account manager and a business development account manager in terms of educational background:
| Global Account Manager | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between global account managers' and business development account managers' demographics:
| Global Account Manager | Business Development Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 72.6% Female, 27.4% | Male, 62.4% Female, 37.6% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |