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The differences between launch 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 launch manager and a business development manager. Additionally, a launch manager has an average salary of $111,309, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a launch manager include project management, lifecycle management and APQP. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Launch Manager | Business Development Manager | |
| Yearly salary | $111,309 | $100,769 |
| Hourly rate | $53.51 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 109,170 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A launch manager is primarily in charge of overseeing and spearheading the efforts in introducing new products and services to the market. Their responsibilities include setting objectives, performing research and analysis to establish marketing plans, coordinating with different teams in finding and developing marketing opportunities, managing timelines and budgets, supervising promotional procedures, and conducting inspections to ensure the quality and readiness of products and services for launch. Furthermore, as a launch manager, it is essential to lead and encourage teams to reach goals while implementing the company's policies and regulations.
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.
Launch managers and business development managers have different pay scales, as shown below.
| Launch Manager | Business Development Manager | |
| Average salary | $111,309 | $100,769 |
| Salary range | Between $72,000 And $171,000 | Between $67,000 And $151,000 |
| Highest paying City | Annapolis, MD | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Meta | Shearman & Sterling |
| Best paying industry | Technology | Finance |
There are a few differences between a launch manager and a business development manager in terms of educational background:
| Launch Manager | Business Development Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between launch managers' and business development managers' demographics:
| Launch Manager | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 73.4% Female, 26.6% | 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% |