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Junior product manager vs business development manager

The differences between junior product 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 a junior product manager and a business development manager. Additionally, a business development manager has an average salary of $100,769, 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 manager are customer service, CRM, and healthcare.

Junior product manager vs business development manager overview

Junior Product ManagerBusiness Development Manager
Yearly salary$83,812$100,769
Hourly rate$40.29$48.45
Growth rate10%10%
Number of jobs95,173215,309
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 74%
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 manager do?

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.

Junior product manager vs business development manager salary

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

Junior Product ManagerBusiness Development Manager
Average salary$83,812$100,769
Salary rangeBetween $51,000 And $136,000Between $67,000 And $151,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateWashingtonCalifornia
Best paying companyBroadridgeShearman & Sterling
Best paying industryFinanceFinance

Differences between junior product manager and business development manager education

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

Junior Product ManagerBusiness Development Manager
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 74%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Georgia

Junior product manager vs business development manager demographics

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

Junior Product ManagerBusiness Development Manager
Average age3939
Gender ratioMale, 43.7% Female, 56.3%Male, 68.6% Female, 31.4%
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 manager 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.
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Business development manager example responsibilities.

  • Manage Seo of websites and campaigns.
  • Manage the provisioning and implementation of the cloud solutions for different customers.
  • Lead worldwide development for high traffic facilities; markets include Americas, Europe, Asia-Pacific.
  • Manage the global support team and are responsible for cost reduction for the UK ready meals facility.
  • Assist in leading a team of BDM's to achieve revenue, attrition, and value add service goals.
  • Leverage in-depth knowledge of complex manage security solutions as well as extensive technical knowledge of security hardware and software.
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Junior product manager vs business development manager 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 manager skills
  • Customer Service, 8%
  • CRM, 7%
  • Healthcare, 5%
  • Business Relationships, 4%
  • Customer Relationships, 3%
  • Project Management, 3%

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