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The differences between market development managers and account development managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a market development manager, becoming an account development manager takes usually requires 6-8 years. Additionally, a market development manager has an average salary of $111,159, which is higher than the $72,375 average annual salary of an account development manager.
The top three skills for a market development manager include digital marketing, market development and competitor analysis. The most important skills for an account development manager are customer relationships, customer accounts, and CRM.
| Market Development Manager | Account Development Manager | |
| Yearly salary | $111,159 | $72,375 |
| Hourly rate | $53.44 | $34.80 |
| Growth rate | 10% | 5% |
| Number of jobs | 173,901 | 214,004 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 78% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
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.
An account development manager's responsibilities revolve around securing and reaching sales targets, creating business plans, developing strategies, and building positive relationships with clients. They must also reach out to clients through calls and correspondence, offer products and services, and address any issues and concerns, resolving them promptly and efficiently. There are also instances when they have to collect and process payments, perform follow-up calls, negotiate contracts, and even open and close accounts. Furthermore, as a manager, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.
Market development managers and account development managers have different pay scales, as shown below.
| Market Development Manager | Account Development Manager | |
| Average salary | $111,159 | $72,375 |
| Salary range | Between $74,000 And $165,000 | Between $43,000 And $120,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | Maryland | New York |
| Best paying company | Apple | NVIDIA |
| Best paying industry | Technology | Technology |
There are a few differences between a market development manager and an account development manager in terms of educational background:
| Market Development Manager | Account Development Manager | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between market development managers' and account development managers' demographics:
| Market Development Manager | Account Development Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 70.0% Female, 30.0% | Male, 61.8% Female, 38.2% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 7% |