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The differences between senior managers of research and development and heads of business development can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a senior manager of research and development, becoming a head of business development takes usually requires 8-10 years. Additionally, a senior manager of research and development has an average salary of $145,411, which is higher than the $134,190 average annual salary of a head of business development.
The top three skills for a senior manager of research and development include project management, portfolio and SR. The most important skills for a head of business development are cloud, C++, and project management.
| Senior Manager Of Research And Development | Head Of Business Development | |
| Yearly salary | $145,411 | $134,190 |
| Hourly rate | $69.91 | $64.51 |
| Growth rate | 2% | 10% |
| Number of jobs | 134,351 | 158,539 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 63% |
| Average age | 48 | 39 |
| Years of experience | - | 10 |
Research and Development Senior Managers are responsible for directing the research and development operations of an organization. Their duties include monitoring process development projects, developing cost-efficiency and operational capability, increasing new product categories, and facilitating market trends research. They also assist in processing procedures, packaging processes, and ensuring products are created to meet the health, safety, and quality regulations. Research and Development Senior Managers conduct approvals for new product launches, undertake technical support for issues related to production, and provide work training sessions to junior research and development team members.
A head of business development is responsible for monitoring the company's overall business operations and client transactions. Heads of business development coordinate with clients for their requirements and specifications and develop the team to handle the project management operations. They also handle the budget and resource allocations and ensure that the team meets the deadline and high-quality deliverables on time. Ahead of business development must be regularly updated with the current market trends to identify opportunities that would generate more revenue resources for the business.
Senior managers of research and development and heads of business development have different pay scales, as shown below.
| Senior Manager Of Research And Development | Head Of Business Development | |
| Average salary | $145,411 | $134,190 |
| Salary range | Between $104,000 And $201,000 | Between $94,000 And $191,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Eventbrite | Meta |
| Best paying industry | Technology | Telecommunication |
There are a few differences between a senior manager of research and development and a head of business development in terms of educational background:
| Senior Manager Of Research And Development | Head Of Business Development | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Michigan - Ann Arbor | University of Georgia |
Here are the differences between senior managers of research and development' and heads of business development' demographics:
| Senior Manager Of Research And Development | Head Of Business Development | |
| Average age | 48 | 39 |
| Gender ratio | Male, 73.4% Female, 26.6% | Male, 74.2% Female, 25.8% |
| Race ratio | Black or African American, 2.7% Unknown, 4.4% Hispanic or Latino, 7.4% Asian, 18.3% White, 66.9% 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 | 9% | 10% |