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The differences between regional business managers and business development managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a regional business manager, becoming a business development manager takes usually requires 8-10 years. Additionally, a regional business manager has an average salary of $124,644, which is higher than the $100,769 average annual salary of a business development manager.
The top three skills for a regional business manager include patients, regional business and sales strategies. The most important skills for a business development manager are customer service, CRM, and healthcare.
| Regional Business Manager | Business Development Manager | |
| Yearly salary | $124,644 | $100,769 |
| Hourly rate | $59.92 | $48.45 |
| Growth rate | 5% | 10% |
| Number of jobs | 148,007 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 74% |
| Average age | 46 | 39 |
| Years of experience | 8 | 10 |
A regional business manager is responsible for monitoring the overall business transactions and sales performance of a company within the designated region. Regional business managers review and negotiate business contracts with existing and potential clients and acknowledge their requests according to business regulations. They respond to the clients' inquiries and concerns regarding the company's services and discuss campaigns with the marketing and sales department. A regional business manager must have excellent communication and leadership skills, especially in handling the staff's performance and facilitating programs to reach their maximum potential and productivity.
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.
Regional business managers and business development managers have different pay scales, as shown below.
| Regional Business Manager | Business Development Manager | |
| Average salary | $124,644 | $100,769 |
| Salary range | Between $94,000 And $164,000 | Between $67,000 And $151,000 |
| Highest paying City | Salem, OR | San Francisco, CA |
| Highest paying state | Oregon | California |
| Best paying company | BNP Paribas | Shearman & Sterling |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a regional business manager and a business development manager in terms of educational background:
| Regional Business Manager | Business Development Manager | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Georgia |
Here are the differences between regional business managers' and business development managers' demographics:
| Regional Business Manager | Business Development Manager | |
| Average age | 46 | 39 |
| Gender ratio | Male, 73.1% Female, 26.9% | Male, 68.6% Female, 31.4% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% 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 | 7% | 10% |