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The differences between senior business development managers and market 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 senior business development manager and a market development manager. Additionally, a senior business development manager has an average salary of $129,638, which is higher than the $111,159 average annual salary of a market development manager.
The top three skills for a senior business development manager include healthcare, cloud and business relationships. The most important skills for a market development manager are digital marketing, market development, and competitor analysis.
| Senior Business Development Manager | Market Development Manager | |
| Yearly salary | $129,638 | $111,159 |
| Hourly rate | $62.33 | $53.44 |
| Growth rate | 10% | 10% |
| Number of jobs | 204,172 | 173,901 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
As senior business development manager is mainly responsible for creating and maintaining solid relationships and making business decisions. They do plan ways to grow the business, find areas of client needs, manage business negotiations, and review and approve other business decisions. It is expected in their job to seamlessly complete target deadlines and delegate tasks to subordinates. Moreover, they should be able to have good working relationships with employees and clients, so good communication and interpersonal skills are necessary.
A market development manager is in charge of overseeing marketing operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around assessing existing projects and programs, identifying areas needing improvement, devising strategies to find new opportunities, and coordinating with different departments to ensure profitable growth and a strong client base. They are also in charge of creating training programs for new employees, managing the budget, and supervising marketing initiatives. Furthermore, as a manager, it is essential to lead and encourage teams to reach goals and optimal performance, all while implementing the company's policies and regulations.
Senior business development managers and market development managers have different pay scales, as shown below.
| Senior Business Development Manager | Market Development Manager | |
| Average salary | $129,638 | $111,159 |
| Salary range | Between $94,000 And $178,000 | Between $74,000 And $165,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Maryland |
| Best paying company | Shearman & Sterling | Apple |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior business development manager and a market development manager in terms of educational background:
| Senior Business Development Manager | Market Development Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior business development managers' and market development managers' demographics:
| Senior Business Development Manager | Market Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 74.8% Female, 25.2% | Male, 70.0% Female, 30.0% |
| 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% |