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The differences between new 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 new 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 $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 director new business development are business development, project management, and account management.
| New Business Development | Director New Business Development | |
| Yearly salary | $84,261 | $110,272 |
| Hourly rate | $40.51 | $53.02 |
| Growth rate | 10% | 10% |
| Number of jobs | 197,789 | 154,470 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
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.
New business development and directors new business development have different pay scales, as shown below.
| New Business Development | Director New Business Development | |
| Average salary | $84,261 | $110,272 |
| Salary range | Between $57,000 And $122,000 | Between $72,000 And $168,000 |
| Highest paying City | San Francisco, CA | Sacramento, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Citi | Wpp Us Holdings Inc |
| Best paying industry | Technology | Energy |
There are a few differences between a new business development and a director new business development in terms of educational background:
| New Business Development | Director New Business Development | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between new business development' and directors new business development' demographics:
| New Business Development | Director New Business Development | |
| Average age | 39 | 39 |
| Gender ratio | Male, 63.2% Female, 36.8% | 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% |