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Strategic account executive vs business development executive

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 vs business development executive overview

Strategic Account ExecutiveBusiness Development Executive
Yearly salary$119,268$97,871
Hourly rate$57.34$47.05
Growth rate5%10%
Number of jobs130,703189,950
Job satisfaction4.5-
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 75%
Average age4439
Years of experience-10

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 development executive do?

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 executive vs business development executive salary

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

Strategic Account ExecutiveBusiness Development Executive
Average salary$119,268$97,871
Salary rangeBetween $79,000 And $179,000Between $64,000 And $149,000
Highest paying CitySan Francisco, CAPhoenix, AZ
Highest paying stateCaliforniaArizona
Best paying companyMayo ClinicClifford Chance
Best paying industryHealth CarePharmaceutical

Differences between strategic account executive and business development executive education

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

Strategic Account ExecutiveBusiness Development Executive
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 75%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Georgia

Strategic account executive vs business development executive demographics

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

Strategic Account ExecutiveBusiness Development Executive
Average age4439
Gender ratioMale, 63.4% Female, 36.6%Male, 63.8% Female, 36.2%
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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2%
LGBT Percentage5%10%

Differences between strategic account executive and business development executive 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.
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Business development executive example responsibilities.

  • Manage and monitor the company CRM and all opportunity and forecasting reporting.
  • Develop and manage all new business for strategic and technology consulting services within the healthcare, government and manufacturing sectors.
  • Negotiate healthcare provider group, ancillary and facility contracts to achieve objectives relative to competitive market trends and client expectations.
  • Review cost/benefit analysis of potential promotional programs to justify the ROI and manage budgets set aside to support promotional activities.
  • Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
  • Utilize SalesForce to track clients and sales.
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Strategic account executive vs business development executive skills

Common strategic account executive skills
  • Digital Transformation, 9%
  • Cloud, 7%
  • Salesforce, 6%
  • Account Management, 5%
  • Sales Process, 5%
  • CRM, 5%
Common business development executive skills
  • Business Development, 13%
  • Digital Transformation, 8%
  • Customer Service, 6%
  • Client Relationships, 5%
  • Cloud, 4%
  • CRM, 4%