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The differences between partners 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 partner and a business development manager. Additionally, a business development manager has an average salary of $100,769, which is higher than the $76,119 average annual salary of a partner.
The top three skills for a partner include patients, customer service and healthcare. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Partner | Business Development Manager | |
| Yearly salary | $76,119 | $100,769 |
| Hourly rate | $36.60 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 45,758 | 215,309 |
| Job satisfaction | 1 | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A business partner is responsible for providing strategies and recommendations on how the business will operate, increasing its revenues while sharing profits. Business partners must have extensive knowledge of how the current market industry works to identify the best decisions for the business. A business partner should also be engaged in suggesting new services and offers that the company might consider for its clients. Business partners must also keep the confidentiality of their partnering business administration at all times.
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.
Partners and business development managers have different pay scales, as shown below.
| Partner | Business Development Manager | |
| Average salary | $76,119 | $100,769 |
| Salary range | Between $31,000 And $182,000 | Between $67,000 And $151,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Sidley Austin | Shearman & Sterling |
| Best paying industry | - | Finance |
There are a few differences between a partner and a business development manager in terms of educational background:
| Partner | Business Development Manager | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between partners' and business development managers' demographics:
| Partner | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.3% Female, 37.7% | Male, 68.6% Female, 31.4% |
| 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% |