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The differences between international business managers and business 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 manager and a business development manager. Additionally, a business development manager has an average salary of $100,769, which is higher than the $79,283 average annual salary of an international business manager.
The top three skills for an international business manager include financial statements, international trade and business development. The most important skills for a business development manager are customer service, CRM, and healthcare.
| International Business Manager | Business Development Manager | |
| Yearly salary | $79,283 | $100,769 |
| Hourly rate | $38.12 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 105,468 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
An international business manager acts as an overseer of an entire company's business operations. They are responsible for their company's international business ventures, sales, overseas manufacturing, and marketing. They address and resolve issues regarding foreign business transactions. They need cultural sensitivity, and they must know how to strengthen the partnership between foreign companies and be innovative with modern technologies. They must also know how to communicate with clients and keep them updated to the latest services their company has to offer.
A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
International business managers and business development managers have different pay scales, as shown below.
| International Business Manager | Business Development Manager | |
| Average salary | $79,283 | $100,769 |
| Salary range | Between $45,000 And $136,000 | Between $67,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | TBWA Worldwide | Shearman & Sterling |
| Best paying industry | Finance | Finance |
There are a few differences between an international business manager and a business development manager in terms of educational background:
| International Business Manager | Business Development Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between international business managers' and business development managers' demographics:
| International Business Manager | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.0% Female, 38.0% | Male, 68.6% Female, 31.4% |
| 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% |