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The differences between strategic account executives and business development account managers 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 $99,209 average annual salary of a business development account manager.
The top three skills for a strategic account executive include digital transformation, cloud and salesforce. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Strategic Account Executive | Business Development Account Manager | |
| Yearly salary | $119,268 | $99,209 |
| Hourly rate | $57.34 | $47.70 |
| Growth rate | 5% | 5% |
| Number of jobs | 130,703 | 222,573 |
| Job satisfaction | 4.5 | - |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 78% |
| Average age | 44 | 46 |
| Years of experience | - | 8 |
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 development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Strategic account executives and business development account managers have different pay scales, as shown below.
| Strategic Account Executive | Business Development Account Manager | |
| Average salary | $119,268 | $99,209 |
| Salary range | Between $79,000 And $179,000 | Between $57,000 And $170,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Hampshire |
| Best paying company | Mayo Clinic | Meta |
| Best paying industry | Health Care | - |
There are a few differences between a strategic account executive and a business development account manager in terms of educational background:
| Strategic Account Executive | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between strategic account executives' and business development account managers' demographics:
| Strategic Account Executive | Business Development Account Manager | |
| Average age | 44 | 46 |
| Gender ratio | Male, 63.4% Female, 36.6% | Male, 62.4% Female, 37.6% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 5% | 7% |