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The differences between managers, competitive intelligence 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 manager, competitive intelligence and a business development manager. Additionally, a business development manager has an average salary of $100,769, which is higher than the $68,283 average annual salary of a manager, competitive intelligence.
The top three skills for a manager, competitive intelligence include market research, competitive landscape and competitive analysis. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Manager, Competitive Intelligence | Business Development Manager | |
| Yearly salary | $68,283 | $100,769 |
| Hourly rate | $32.83 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 39,560 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
The competitive intelligence manager is responsible for gathering, analyzing, and distributing intelligence on market conditions, products, customers, and competitors for business decision-making purposes. He/she has innovative skills in developing solutions from complex problems, actionable recommendations and presentations, and in compliance with relevant company regulations. Also, this manager possesses excellent mathematical and analytical skills to efficiently provide an advanced warning of risks and opportunities, including takeovers, mergers, new products and services, and other market factors to become competitive in business.
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.
Managers, competitive intelligence and business development managers have different pay scales, as shown below.
| Manager, Competitive Intelligence | Business Development Manager | |
| Average salary | $68,283 | $100,769 |
| Salary range | Between $33,000 And $139,000 | Between $67,000 And $151,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Massachusetts | California |
| Best paying company | Pepper Hamilton | Shearman & Sterling |
| Best paying industry | - | Finance |
There are a few differences between a manager, competitive intelligence and a business development manager in terms of educational background:
| Manager, Competitive Intelligence | Business Development Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between managers, competitive intelligence' and business development managers' demographics:
| Manager, Competitive Intelligence | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | 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% |