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The differences between market development managers and business development directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a market development manager and a business development director. Additionally, a business development director has an average salary of $117,784, which is higher than the $111,159 average annual salary of a market development manager.
The top three skills for a market development manager include digital marketing, market development and competitor analysis. The most important skills for a business development director are healthcare, CRM, and patients.
| Market Development Manager | Business Development Director | |
| Yearly salary | $111,159 | $117,784 |
| Hourly rate | $53.44 | $56.63 |
| Growth rate | 10% | 10% |
| Number of jobs | 173,901 | 153,601 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
A business development director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes. They must also conduct a thorough marketing analysis and remain updated on the latest trends in the market to identify new opportunities that would improve customer satisfaction. Furthermore, they must also communicate with all clients, even appear on public gatherings to strengthen brand awareness.
Market development managers and business development directors have different pay scales, as shown below.
| Market Development Manager | Business Development Director | |
| Average salary | $111,159 | $117,784 |
| Salary range | Between $74,000 And $165,000 | Between $72,000 And $192,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Maryland | New Mexico |
| Best paying company | Apple | alliantgroup |
| Best paying industry | Technology | Finance |
There are a few differences between a market development manager and a business development director in terms of educational background:
| Market Development Manager | Business Development Director | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between market development managers' and business development directors' demographics:
| Market Development Manager | Business Development Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 70.0% Female, 30.0% | Male, 72.3% Female, 27.7% |
| 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% |