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The differences between strategic account executives and business developers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a strategic account executive has an average salary of $119,268, which is higher than the $101,635 average annual salary of a business developer.
The top three skills for a strategic account executive include digital transformation, cloud and salesforce. The most important skills for a business developer are healthcare, CRM, and customer service.
| Strategic Account Executive | Business Developer | |
| Yearly salary | $119,268 | $101,635 |
| Hourly rate | $57.34 | $48.86 |
| Growth rate | 5% | 10% |
| Number of jobs | 130,703 | 193,469 |
| Job satisfaction | 4.5 | - |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A strategic account executive is in charge of devising strategies to improve services and build positive relationships with key clients. Their responsibilities revolve around maintaining an active communication line with clients to determine their needs, promptly responding to issues and concerns, coordinating clients with other teams, and liaising with various agencies. There are also instances when one must collaborate with analysts to develop new client opportunities, monitor the progress of the sale, and manage the workflow and the workforce.
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Strategic account executives and business developers have different pay scales, as shown below.
| Strategic Account Executive | Business Developer | |
| Average salary | $119,268 | $101,635 |
| Salary range | Between $79,000 And $179,000 | Between $66,000 And $156,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Mayo Clinic | Apple |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a strategic account executive and a business developer in terms of educational background:
| Strategic Account Executive | Business Developer | |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between strategic account executives' and business developers' demographics:
| Strategic Account Executive | Business Developer | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.4% Female, 36.6% | Male, 65.8% Female, 34.2% |
| Race ratio | Black or African American, 6.6% Unknown, 4.0% Hispanic or Latino, 15.7% Asian, 5.5% White, 67.8% American Indian and Alaska Native, 0.4% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 5% | 11% |