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The differences between revenue managers and 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 revenue manager and a development manager. Additionally, a development manager has an average salary of $110,678, which is higher than the $86,270 average annual salary of a revenue manager.
The top three skills for a revenue manager include revenue cycle, reservations and customer service. The most important skills for a development manager are project management, customer service, and patients.
| Revenue Manager | Development Manager | |
| Yearly salary | $86,270 | $110,678 |
| Hourly rate | $41.48 | $53.21 |
| Growth rate | 10% | 10% |
| Number of jobs | 110,405 | 111,137 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A revenue manager is responsible for conducting price analysis and revenue strategies to support business development and improve marketing techniques. Revenue managers research on the current market trends, evaluate statistical data of resources, maintain reasonable rates, and match the competitiveness of other hotel industries. They also work closely with the marketing and public relations team on releasing press releases, managing media appearance, and publishing content on the digital platform. A revenue manager must have excellent communication and organizational skills, tracking business and financial transactions, and coordinating with potential clients for partnerships.
A development manager is responsible for assisting existing clients or potential clients of the services they need. A development manager serves as the initial point of contact for the clients to answer their inquiries and concerns before proceeding with a contract. Development managers usually arrange meetings with clients, analyze business opportunities, improve marketing initiatives to attract clients, research the industry's latest trends, create proposals, and assist in training new staff members. A development manager must have excellent communication and leadership skills to handle staff performance and build professional relationships with clients.
Revenue managers and development managers have different pay scales, as shown below.
| Revenue Manager | Development Manager | |
| Average salary | $86,270 | $110,678 |
| Salary range | Between $59,000 And $124,000 | Between $76,000 And $159,000 |
| Highest paying City | Novato, CA | Richmond, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Akin Gump Strauss Hauer & Feld |
| Best paying industry | Technology | Technology |
There are a few differences between a revenue manager and a development manager in terms of educational background:
| Revenue Manager | Development Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between revenue managers' and development managers' demographics:
| Revenue Manager | Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 41.6% Female, 58.4% | Male, 60.5% Female, 39.5% |
| 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% |