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The differences between junior product managers and business development executives 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 executive. Additionally, a business development executive has an average salary of $97,871, 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 executive are business development, digital transformation, and customer service.
| Junior Product Manager | Business Development Executive | |
| Yearly salary | $83,812 | $97,871 |
| Hourly rate | $40.29 | $47.05 |
| Growth rate | 10% | 10% |
| Number of jobs | 95,173 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| 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 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.
Junior product managers and business development executives have different pay scales, as shown below.
| Junior Product Manager | Business Development Executive | |
| Average salary | $83,812 | $97,871 |
| Salary range | Between $51,000 And $136,000 | Between $64,000 And $149,000 |
| Highest paying City | San Francisco, CA | Phoenix, AZ |
| Highest paying state | Washington | Arizona |
| Best paying company | Broadridge | Clifford Chance |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between a junior product manager and a business development executive in terms of educational background:
| Junior Product Manager | Business Development Executive | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| 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 executives' demographics:
| Junior Product Manager | Business Development Executive | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.7% Female, 56.3% | Male, 63.8% Female, 36.2% |
| 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% |