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New business development vs business development manager

The differences between new business development and business 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 new business development and a business development manager. Additionally, a business development manager has an average salary of $100,769, which is higher than the $84,261 average annual salary of a new business development.

The top three skills for a new business development include senior level management, business development and CRM. The most important skills for a business development manager are customer service, CRM, and healthcare.

New business development vs business development manager overview

New Business DevelopmentBusiness Development Manager
Yearly salary$84,261$100,769
Hourly rate$40.51$48.45
Growth rate10%10%
Number of jobs197,789215,309
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 74%
Average age3939
Years of experience1010

What does a new business development do?

New business development focuses on new business opportunities and new product innovation, including product design, business model design, and marketing. This includes a wide scope of responsibilities that includes marketing planning, strategic partnerships, and increased profitability. It is the responsibility of new business development agents to be aware of new market opportunities, possibilities for expansion, competitor product developments, and the company's current sources of revenue. This job can be summarized as the source of ideas, initiatives, and activities aimed in the direction of making a business better.

What does a business development manager do?

A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.

New business development vs business development manager salary

New business development and business development managers have different pay scales, as shown below.

New Business DevelopmentBusiness Development Manager
Average salary$84,261$100,769
Salary rangeBetween $57,000 And $122,000Between $67,000 And $151,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateNew JerseyCalifornia
Best paying companyCitiShearman & Sterling
Best paying industryTechnologyFinance

Differences between new business development and business development manager education

There are a few differences between a new business development and a business development manager in terms of educational background:

New Business DevelopmentBusiness Development Manager
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 74%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Georgia

New business development vs business development manager demographics

Here are the differences between new business development' and business development managers' demographics:

New Business DevelopmentBusiness Development Manager
Average age3939
Gender ratioMale, 63.2% Female, 36.8%Male, 68.6% Female, 31.4%
Race ratioBlack 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 Percentage10%10%

Differences between new business development and business development manager duties and responsibilities

New business development example responsibilities.

  • Create, manage and update customer accounts on SalesForce customer database.
  • Utilize SalesForce to manage territory.
  • Manage logistics, control engineering and design, order placement, vendor relationships, customer utilization and technology.
  • Negotiate TCO, leveraging ROI and relate metrics, at a high level in a mature market.
  • Facilitate communication between healthcare providers and client company contacts.
  • Deliver a complete energy solution that noticeably impact ROI savings for many industrial and manufacturing companies.
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Business development manager example responsibilities.

  • Manage Seo of websites and campaigns.
  • Manage the provisioning and implementation of the cloud solutions for different customers.
  • Lead worldwide development for high traffic facilities; markets include Americas, Europe, Asia-Pacific.
  • Manage the global support team and are responsible for cost reduction for the UK ready meals facility.
  • Assist in leading a team of BDM's to achieve revenue, attrition, and value add service goals.
  • Leverage in-depth knowledge of complex manage security solutions as well as extensive technical knowledge of security hardware and software.
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New business development vs business development manager skills

Common new business development skills
  • Senior Level Management, 18%
  • Business Development, 15%
  • CRM, 10%
  • Sales Strategies, 6%
  • Sales Quota, 5%
  • Product Development, 3%
Common business development manager skills
  • Customer Service, 8%
  • CRM, 7%
  • Healthcare, 5%
  • Business Relationships, 4%
  • Customer Relationships, 3%
  • Project Management, 3%

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