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The differences between market development managers and directors new business development 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 director new business development. Additionally, a market development manager has an average salary of $111,159, which is higher than the $110,272 average annual salary of a director new business development.
The top three skills for a market development manager include digital marketing, market development and competitor analysis. The most important skills for a director new business development are business development, project management, and account management.
| Market Development Manager | Director New Business Development | |
| Yearly salary | $111,159 | $110,272 |
| Hourly rate | $53.44 | $53.02 |
| Growth rate | 10% | 10% |
| Number of jobs | 173,901 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 76% |
| 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 director of new business development is in charge of spearheading new programs and procedures, ensuring efficiency and smooth workflow. It is their duty to set goals and objectives in adherence to the company's vision and mission, establishing guidelines, allocating budgets, and overseeing the progress of all efforts. Furthermore, as a director of new business development, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Market development managers and directors new business development have different pay scales, as shown below.
| Market Development Manager | Director New Business Development | |
| Average salary | $111,159 | $110,272 |
| Salary range | Between $74,000 And $165,000 | Between $72,000 And $168,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | Maryland | California |
| Best paying company | Apple | Wpp Us Holdings Inc |
| Best paying industry | Technology | Energy |
There are a few differences between a market development manager and a director new business development in terms of educational background:
| Market Development Manager | Director New Business Development | |
| Most common degree | Bachelor's Degree, 76% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between market development managers' and directors new business development' demographics:
| Market Development Manager | Director New Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 70.0% Female, 30.0% | Male, 69.2% Female, 30.8% |
| 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% |