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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 | Business Development Manager | |
| Yearly salary | $83,812 | $100,769 |
| Hourly rate | $40.29 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 95,173 | 215,309 |
| 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 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 managers and business development managers have different pay scales, as shown below.
| Junior Product Manager | Business Development Manager | |
| Average salary | $83,812 | $100,769 |
| Salary range | Between $51,000 And $136,000 | Between $67,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Broadridge | Shearman & Sterling |
| Best paying industry | Finance | Finance |
There are a few differences between a junior product manager and a business development manager in terms of educational background:
| Junior Product Manager | Business Development Manager | |
| 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 managers' demographics:
| Junior Product Manager | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.7% Female, 56.3% | 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% |