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Partner vs business development manager

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 vs business development manager overview

PartnerBusiness Development Manager
Yearly salary$76,119$100,769
Hourly rate$36.60$48.45
Growth rate10%10%
Number of jobs45,758215,309
Job satisfaction1-
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 74%
Average age3939
Years of experience1010

What does a partner do?

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.

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.

Partner vs business development manager salary

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

PartnerBusiness Development Manager
Average salary$76,119$100,769
Salary rangeBetween $31,000 And $182,000Between $67,000 And $151,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companySidley AustinShearman & Sterling
Best paying industry-Finance

Differences between partner and business development manager education

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

PartnerBusiness Development Manager
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 74%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Georgia

Partner vs business development manager demographics

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

PartnerBusiness Development Manager
Average age3939
Gender ratioMale, 62.3% Female, 37.7%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 partner and business development manager duties and responsibilities

Partner example responsibilities.

  • Negotiate interim management agreement for LLC on behalf of managing member in dispute with several other members who invest in company.
  • Operate and manage a boutique technology and business consultancy with nationwide operating breadth.
  • Practice all aspects of intellectual property law and manage this boutique intellectual property law practice.
  • Accomplish matrimonial and defense litigation interrogatory consolidation, memos, motions and other court filings for senior partner.
  • Manage cost-centers and leverage unique Indian production and post- production capabilities and position the company as a prefer production partner.
  • Design and deploy advanced lightweight information technology solutions, including POS, inventory management, and production-base systems.
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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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Partner vs business development manager skills

Common partner skills
  • Patients, 16%
  • Customer Service, 14%
  • Healthcare, 8%
  • Patient Care, 7%
  • Project Management, 5%
  • Catheter, 5%
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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