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The differences between pricing managers 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 pricing manager and a business development manager. Additionally, a pricing manager has an average salary of $109,525, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a pricing manager include analytics, pricing strategy and strategic pricing. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Pricing Manager | Business Development Manager | |
| Yearly salary | $109,525 | $100,769 |
| Hourly rate | $52.66 | $48.45 |
| Growth rate | 10% | 10% |
| Number of jobs | 119,997 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Pricing managers are employees who oversee the pricing needs of the organization. They identify the best pricing schemes for the company's product or service offerings. To do this, pricing managers analyze industry trends and current events. They study the target market and their spending behavior. They also coordinate with different departments, such as the production department to get the cost of production and the human resources department to get overhead costs. They also factor in different operational costs. Once they get this data, they determine the best pricing for the goods. Pricing managers also have a say in company tie-ups and client proposals to ensure that the company will not get the losing end of the stick with such partnerships.
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.
Pricing managers and business development managers have different pay scales, as shown below.
| Pricing Manager | Business Development Manager | |
| Average salary | $109,525 | $100,769 |
| Salary range | Between $80,000 And $149,000 | Between $67,000 And $151,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Arizona | California |
| Best paying company | McKinsey & Company Inc | Shearman & Sterling |
| Best paying industry | Technology | Finance |
There are a few differences between a pricing manager and a business development manager in terms of educational background:
| Pricing Manager | Business Development Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between pricing managers' and business development managers' demographics:
| Pricing Manager | Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 57.8% Female, 42.2% | 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% |