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The differences between strategic account executives and business development executives 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 $97,871 average annual salary of a business development executive.
The top three skills for a strategic account executive include digital transformation, cloud and salesforce. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Strategic Account Executive | Business Development Executive | |
| Yearly salary | $119,268 | $97,871 |
| Hourly rate | $57.34 | $47.05 |
| Growth rate | 5% | 10% |
| Number of jobs | 130,703 | 189,950 |
| Job satisfaction | 4.5 | - |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 75% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
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 executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Strategic account executives and business development executives have different pay scales, as shown below.
| Strategic Account Executive | Business Development Executive | |
| Average salary | $119,268 | $97,871 |
| Salary range | Between $79,000 And $179,000 | Between $64,000 And $149,000 |
| Highest paying City | San Francisco, CA | Phoenix, AZ |
| Highest paying state | California | Arizona |
| Best paying company | Mayo Clinic | Clifford Chance |
| Best paying industry | Health Care | Pharmaceutical |
There are a few differences between a strategic account executive and a business development executive in terms of educational background:
| Strategic Account Executive | Business Development Executive | |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between strategic account executives' and business development executives' demographics:
| Strategic Account Executive | Business Development Executive | |
| Average age | 44 | 39 |
| Gender ratio | Male, 63.4% Female, 36.6% | Male, 63.8% Female, 36.2% |
| 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, 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 | 5% | 10% |