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The differences between managers, corporate development and market 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 market development manager. Additionally, a manager, corporate development has an average salary of $132,983, which is higher than the $111,159 average annual salary of a market 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 market development manager are digital marketing, market development, and competitor analysis.
| Manager, Corporate Development | Market Development Manager | |
| Yearly salary | $132,983 | $111,159 |
| Hourly rate | $63.93 | $53.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 102,069 | 173,901 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 76% |
| 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 market development manager is in charge of overseeing marketing operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around assessing existing projects and programs, identifying areas needing improvement, devising strategies to find new opportunities, and coordinating with different departments to ensure profitable growth and a strong client base. They are also in charge of creating training programs for new employees, managing the budget, and supervising marketing initiatives. Furthermore, as a manager, it is essential to lead and encourage teams to reach goals and optimal performance, all while implementing the company's policies and regulations.
Managers, corporate development and market development managers have different pay scales, as shown below.
| Manager, Corporate Development | Market Development Manager | |
| Average salary | $132,983 | $111,159 |
| Salary range | Between $97,000 And $181,000 | Between $74,000 And $165,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Maryland |
| Best paying company | Ropes & Gray | Apple |
| Best paying industry | Start-up | Technology |
There are a few differences between a manager, corporate development and a market development manager in terms of educational background:
| Manager, Corporate Development | Market Development Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between managers, corporate development' and market development managers' demographics:
| Manager, Corporate Development | Market Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 67.0% Female, 33.0% | Male, 70.0% Female, 30.0% |
| 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% |