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The differences between managers, corporate development 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, corporate development and a business development manager. Additionally, a manager, corporate development has an average salary of $132,983, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a manager, corporate development include corporate development, project management and financial models. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Manager, Corporate Development | Business Development Manager | |
| Yearly salary | $132,983 | $100,769 |
| Hourly rate | $63.93 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 102,069 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A corporate development manager is responsible for planning and executing project management techniques to enhance business performance and improve financial stability. Corporate development managers identify business opportunities that would generate more revenue resources for the business and establish client partnerships. They also handle the budget for corporate operations, including events, programs, and media presence. A corporate development manager must have excellent communication and leadership skills to address the team's needs and concerns to maximize their efficiency and productivity.
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, corporate development and business development managers have different pay scales, as shown below.
| Manager, Corporate Development | Business Development Manager | |
| Average salary | $132,983 | $100,769 |
| Salary range | Between $97,000 And $181,000 | Between $67,000 And $151,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Ropes & Gray | Shearman & Sterling |
| Best paying industry | Start-up | Finance |
There are a few differences between a manager, corporate development and a business development manager in terms of educational background:
| Manager, Corporate Development | Business Development Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between managers, corporate development' and business development managers' demographics:
| Manager, Corporate Development | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 67.0% Female, 33.0% | 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% |