Post job

Junior product manager vs business development executive

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 vs business development executive overview

Junior Product ManagerBusiness Development Executive
Yearly salary$83,812$97,871
Hourly rate$40.29$47.05
Growth rate10%10%
Number of jobs95,173189,950
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 75%
Average age3939
Years of experience1010

What does a junior product manager do?

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.

What does a business development executive do?

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 manager vs business development executive salary

Junior product managers and business development executives have different pay scales, as shown below.

Junior Product ManagerBusiness Development Executive
Average salary$83,812$97,871
Salary rangeBetween $51,000 And $136,000Between $64,000 And $149,000
Highest paying CitySan Francisco, CAPhoenix, AZ
Highest paying stateWashingtonArizona
Best paying companyBroadridgeClifford Chance
Best paying industryFinancePharmaceutical

Differences between junior product manager and business development executive education

There are a few differences between a junior product manager and a business development executive in terms of educational background:

Junior Product ManagerBusiness Development Executive
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 75%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Georgia

Junior product manager vs business development executive demographics

Here are the differences between junior product managers' and business development executives' demographics:

Junior Product ManagerBusiness Development Executive
Average age3939
Gender ratioMale, 43.7% Female, 56.3%Male, 63.8% Female, 36.2%
Race ratioBlack 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 Percentage10%10%

Differences between junior product manager and business development executive duties and responsibilities

Junior product manager example responsibilities.

  • Manage COOP/MDF spend and evaluation ROI with advertising dollars.
  • Manage the promotional activity, POS materials elaboration for department stores, and price guidelines.
  • Modernize and manage MSDS labeling system within the division, as part of the development of ISO.
  • Manage marketing budget, evaluates program ROI, and ensure they are in-line with quarterly and annual budgets.
  • Manage encode, streaming bit rate quality, content uploads, meta-tagging, and XML imports for CMS.
  • Patrol agent for Unix is a server process which is deployed on the managed device to monitor it.
  • Show more

Business development executive example responsibilities.

  • Manage and monitor the company CRM and all opportunity and forecasting reporting.
  • Develop and manage all new business for strategic and technology consulting services within the healthcare, government and manufacturing sectors.
  • Negotiate healthcare provider group, ancillary and facility contracts to achieve objectives relative to competitive market trends and client expectations.
  • Review cost/benefit analysis of potential promotional programs to justify the ROI and manage budgets set aside to support promotional activities.
  • Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
  • Utilize SalesForce to track clients and sales.
  • Show more

Junior product manager vs business development executive skills

Common junior product manager skills
  • Project Management, 20%
  • User Stories, 14%
  • Cloud, 11%
  • Market Research, 9%
  • Product Development, 6%
  • Product Roadmap, 6%
Common business development executive skills
  • Business Development, 13%
  • Digital Transformation, 8%
  • Customer Service, 6%
  • Client Relationships, 5%
  • Cloud, 4%
  • CRM, 4%

Browse executive management jobs