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The differences between senior product managers and senior 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 senior product manager and a senior business development manager. Additionally, a senior product manager has an average salary of $133,868, which is higher than the $129,638 average annual salary of a senior business development manager.
The top three skills for a senior product manager include product management, cloud and product strategy. The most important skills for a senior business development manager are healthcare, cloud, and business relationships.
| Senior Product Manager | Senior Business Development Manager | |
| Yearly salary | $133,868 | $129,638 |
| Hourly rate | $64.36 | $62.33 |
| Growth rate | 10% | 10% |
| Number of jobs | 119,025 | 204,172 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A senior product manager oversees the workflow and workforce involved in product and service development, ensuring a high return for its investments. They are primarily responsible for assessing and providing recommendations, producing review and reference documents, and obtaining feedback from consumers and high-ranking company personnel. Furthermore, as a senior product manager, they must lead a group of product managers, motivating and supervising them in their joint effort to accomplish goals according to the company's standards and policies.
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.
Senior product managers and senior business development managers have different pay scales, as shown below.
| Senior Product Manager | Senior Business Development Manager | |
| Average salary | $133,868 | $129,638 |
| Salary range | Between $98,000 And $182,000 | Between $94,000 And $178,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | Roku | Shearman & Sterling |
| Best paying industry | Start-up | Manufacturing |
There are a few differences between a senior product manager and a senior business development manager in terms of educational background:
| Senior Product Manager | Senior Business Development Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior product managers' and senior business development managers' demographics:
| Senior Product Manager | Senior Business Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 74.8% Female, 25.2% |
| 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% |