Post job

Strategic account executive vs business developer

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 vs business developer overview

Strategic Account ExecutiveBusiness Developer
Yearly salary$119,268$101,635
Hourly rate$57.34$48.86
Growth rate5%10%
Number of jobs130,703193,469
Job satisfaction4.5-
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 72%
Average age4444
Years of experience--

What does a strategic account executive do?

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.

What does a business developer do?

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 executive vs business developer salary

Strategic account executives and business developers have different pay scales, as shown below.

Strategic Account ExecutiveBusiness Developer
Average salary$119,268$101,635
Salary rangeBetween $79,000 And $179,000Between $66,000 And $156,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyMayo ClinicApple
Best paying industryHealth CareManufacturing

Differences between strategic account executive and business developer education

There are a few differences between a strategic account executive and a business developer in terms of educational background:

Strategic Account ExecutiveBusiness Developer
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 72%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaWestern Carolina University

Strategic account executive vs business developer demographics

Here are the differences between strategic account executives' and business developers' demographics:

Strategic Account ExecutiveBusiness Developer
Average age4444
Gender ratioMale, 63.4% Female, 36.6%Male, 65.8% Female, 34.2%
Race ratioBlack 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 Percentage5%11%

Differences between strategic account executive and business developer duties and responsibilities

Strategic account executive example responsibilities.

  • Manage complex accounts and relationships- proven track record with CIO's and other key executives.
  • Develop and manage new and existing restaurant, hotel, healthcare and retirement community chains.
  • Manage services include remote monitoring services, cloud capabilities, as well as hardware and software solutions.
  • Create and execute both PowerPoint and oral presentations to expand existing business and prospect new sales leads.
  • Manage day-to-day activity of client relate projects including IP voice, MPLS infrastructures and CPE implementations in a deadline-orient high-pressure environment.
  • Update company CRM systems, produce presentations and quotations on PowerPoint, respond to client queries and general communication between team.
  • Show more

Business developer example responsibilities.

  • Manage all marketing and sales duties in Asia and Caribbean markets.
  • Manage pipeline within SalesForce and maintain accurate prospect/client information.
  • Manage logistics, control engineering and design, order placement, vendor relationships, customer utilization and technology.
  • Provide enterprise-wide e-business leadership for platform and product development, e-commerce & CRM solutions, and end-to-end customer acquisition strategies.
  • Establish a social media presence through Facebook & LinkedIn to increase marketability and develop a virtual community for the organization.
  • Implement the company from UK in Switzerland.
  • Show more

Strategic account executive vs business developer skills

Common strategic account executive skills
  • Digital Transformation, 9%
  • Cloud, 7%
  • Salesforce, 6%
  • Account Management, 5%
  • Sales Process, 5%
  • CRM, 5%
Common business developer skills
  • Healthcare, 10%
  • CRM, 8%
  • Customer Service, 7%
  • Work Ethic, 4%
  • Linkedin, 3%
  • Sales Process, 3%