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The differences between marketing/business development 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 marketing/business development and a director new business development. Additionally, a director new business development has an average salary of $110,272, which is higher than the $73,303 average annual salary of a marketing/business development.
The top three skills for a marketing/business development include product development, email campaigns and business development. The most important skills for a director new business development are business development, project management, and account management.
| Marketing/Business Development | Director New Business Development | |
| Yearly salary | $73,303 | $110,272 |
| Hourly rate | $35.24 | $53.02 |
| Growth rate | 10% | 10% |
| Number of jobs | 184,993 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 76% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A marketing/business development role helps mainly in business development strategy, focusing on financial gain and customer satisfaction and arranging business development meetings with potential clients. They conduct research to identify new market trends and customer needs through promoting the company's products and services, addressing or forecasting clients' objectives. It is also their job to prepare sales contracts ensuring observance to law-established guidelines, keep records of sales invoices including revenue. Moreover, they build long-term partnerships with new and current customers.
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.
Marketing/business development and directors new business development have different pay scales, as shown below.
| Marketing/Business Development | Director New Business Development | |
| Average salary | $73,303 | $110,272 |
| Salary range | Between $48,000 And $111,000 | Between $72,000 And $168,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | Massachusetts | California |
| Best paying company | Salesforce | Wpp Us Holdings Inc |
| Best paying industry | Finance | Energy |
There are a few differences between a marketing/business development and a director new business development in terms of educational background:
| Marketing/Business Development | Director New Business Development | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between marketing/business development' and directors new business development' demographics:
| Marketing/Business Development | Director New Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 52.7% Female, 47.3% | 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% |