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The differences between junior product managers and business development directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a junior product manager and a business development director. Additionally, a business development director has an average salary of $117,784, which is higher than the $83,812 average annual salary of a junior product manager.
The top three skills for a junior product manager include project management, user stories and cloud. The most important skills for a business development director are healthcare, CRM, and patients.
| Junior Product Manager | Business Development Director | |
| Yearly salary | $83,812 | $117,784 |
| Hourly rate | $40.29 | $56.63 |
| Growth rate | 10% | 10% |
| Number of jobs | 95,173 | 153,601 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
The junior product manager collaborates with the company's product team in defining the product vision. Junior product managers set the objectives and fundamental results. They build a certain strategic product roadmap which suits the overall strategy of the business. It is part of their job to coordinate activities to market the product. This bridges the gaps between organizational functions and aligns all the teams, including sales, customer support, and marketing.
A business development director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes. They must also conduct a thorough marketing analysis and remain updated on the latest trends in the market to identify new opportunities that would improve customer satisfaction. Furthermore, they must also communicate with all clients, even appear on public gatherings to strengthen brand awareness.
Junior product managers and business development directors have different pay scales, as shown below.
| Junior Product Manager | Business Development Director | |
| Average salary | $83,812 | $117,784 |
| Salary range | Between $51,000 And $136,000 | Between $72,000 And $192,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | New Mexico |
| Best paying company | Broadridge | alliantgroup |
| Best paying industry | Finance | Finance |
There are a few differences between a junior product manager and a business development director in terms of educational background:
| Junior Product Manager | Business Development Director | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between junior product managers' and business development directors' demographics:
| Junior Product Manager | Business Development Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.7% Female, 56.3% | Male, 72.3% Female, 27.7% |
| 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% |