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The differences between international business development managers and market development managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both an international business development manager and a market development manager. Additionally, a market development manager has an average salary of $111,159, which is higher than the $97,396 average annual salary of an international business development manager.
The top three skills for an international business development manager include logistics, international business development and market trends. The most important skills for a market development manager are digital marketing, market development, and competitor analysis.
| International Business Development Manager | Market Development Manager | |
| Yearly salary | $97,396 | $111,159 |
| Hourly rate | $46.83 | $53.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 152,334 | 173,901 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
An International Business development manager helps businesses grow by generating revenue and establishing positive relationships with clients across international territories. They conduct market research and analysis to find new business and client opportunities, generate and pursue leads, develop sales pitches and techniques, reach out to clients to offer products and services, arrange appointments, and negotiate terms with potential clients. Besides managing client accounts, an international business development manager helps development teams reach goals, training new members to enhance their skills.
A market development manager is in charge of overseeing marketing operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around assessing existing projects and programs, identifying areas needing improvement, devising strategies to find new opportunities, and coordinating with different departments to ensure profitable growth and a strong client base. They are also in charge of creating training programs for new employees, managing the budget, and supervising marketing initiatives. Furthermore, as a manager, it is essential to lead and encourage teams to reach goals and optimal performance, all while implementing the company's policies and regulations.
International business development managers and market development managers have different pay scales, as shown below.
| International Business Development Manager | Market Development Manager | |
| Average salary | $97,396 | $111,159 |
| Salary range | Between $61,000 And $155,000 | Between $74,000 And $165,000 |
| Highest paying City | Quincy, MA | San Francisco, CA |
| Highest paying state | Washington | Maryland |
| Best paying company | Sidewinder Drilling | Apple |
| Best paying industry | Hospitality | Technology |
There are a few differences between an international business development manager and a market development manager in terms of educational background:
| International Business Development Manager | Market Development Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between international business development managers' and market development managers' demographics:
| International Business Development Manager | Market Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 74.9% Female, 25.1% | Male, 70.0% Female, 30.0% |
| Race ratio | 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% | 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 | 10% | 10% |