What Does a Head Of Business Development Do?

What Business Partners Do

A business partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.

In this section, we take a look at the annual salaries of other professions. Take business partner for example. On average, the business partners annual salary is $37,866 lower than what heads of business development make on average every year.

While the salaries between these two careers can be different, they do share some of the same responsibilities. Employees in both heads of business development and business partners positions are skilled in project management, r, and shared services.

As far as similarities go, this is where it ends because a head of business development responsibility requires skills such as “cloud,” “c++,” “c #,” and “cloud computing.” Whereas a business partner is skilled in “analytics,” “customer service,” “human resources,” and “performance management.” So if you’re looking for what truly separates the two careers, you’ve found it.

Business partners tend to make the most money in the technology industry by averaging a salary of $94,676. In contrast, heads of business development make the biggest average salary of $123,447 in the telecommunication industry.

Business partners tend to reach lower levels of education than heads of business development. In fact, business partners are 7.2% less likely to graduate with a Master’s Degree and 2.1% less likely to have a Doctoral Degree.

What Are The Duties Of a Development Manager?

A development manager is responsible for assisting existing clients or potential clients of the services they need. A development manager serves as the initial point of contact for the clients to answer their inquiries and concerns before proceeding with a contract. Development managers usually arrange meetings with clients, analyze business opportunities, improve marketing initiatives to attract clients, research the industry’s latest trends, create proposals, and assist in training new staff members. A development manager must have excellent communication and leadership skills to handle staff performance and build professional relationships with clients.

Next up, we have the development manager profession to look over. This career brings along a lower average salary when compared to a head of business development annual salary. In fact, development managers salary difference is $23,512 lower than the salary of heads of business development per year.

Not everything about these jobs is different. Take their skills, for example. Heads of business development and development managers both include similar skills like “c++,” “c #,” and “project management” on their resumes.

While some skills are similar in these professions, other skills aren’t so similar. For example, several resumes showed us that head of business development responsibilities requires skills like “cloud,” “cloud computing,” “shared services,” and “kpis.” But a development manager might use skills, such as, “customer service,” “patients,” “java,” and “database.”

Development managers may earn a lower salary than heads of business development, but development managers earn the most pay in the technology industry with an average salary of $123,452. On the other side of things, heads of business development receive higher paychecks in the telecommunication industry where they earn an average of $123,447.

On the topic of education, development managers earn lower levels of education than heads of business development. In general, they’re 7.5% less likely to graduate with a Master’s Degree and 2.1% less likely to earn a Doctoral Degree.

How a Head Of Sales Compares

The head of sales is primarily responsible for overseeing the sales performance of a company and devising strategies to optimize practices. Their responsibilities typically revolve around monitoring the progress of every sales effort, setting objectives and deadlines, performing research and analysis to identify sales opportunities, and coordinating with different departments to improve procedures and reach sales targets. Furthermore, as the head of sales, it is essential to lead and encourage the workforce, all while implementing the company’s policies and regulations.

The head of sales profession generally makes a higher amount of money when compared to the average salary of heads of business development. The difference in salaries is heads of sales making $31,910 higher than heads of business development.

By looking over several heads of business development and heads of sales resumes, we found that both roles utilize similar skills, such as “product development,” “strategic partnerships,” and “crm.” But beyond that the careers look very different.

There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, a head of business development is likely to be skilled in “cloud,” “c++,” “c #,” and “project management,” while a typical head of sales is skilled in “sales organization,” “product knowledge,” “sales operations,” and “sales process.”

Heads of sales make a very good living in the technology industry with an average annual salary of $189,378. Whereas heads of business development are paid the highest salary in the telecommunication industry with the average being $123,447.

When it comes to education, heads of sales tend to earn lower education levels than heads of business development. In fact, they’re 11.3% less likely to earn a Master’s Degree, and 3.3% less likely to graduate with a Doctoral Degree.

Description Of a Business Leader

Business Leaders are considered trailblazers in their field. They are innovative thinkers who often introduce solutions to their industry’s challenges. They inspire people pursuing careers in their field and even those outside the industry to strive harder and create their paths to success. Employees often look up to Business Leaders, which is why they must be motivating. They also oversee their business operations and often set long-term targets and strategies to achieve these targets. They think outside the box to set their business apart from their competitors.

Business leaders tend to earn a lower pay than heads of business development by about $43,760 per year.

According to resumes from both heads of business development and business leaders, some of the skills necessary to complete the responsibilities of each role are similar. These skills include “project management,” “cloud computing,” and “r.”

Even though a few skill sets overlap, there are some differences that are important to note. For one, a head of business development might have more use for skills like “cloud,” “c++,” “c #,” and “shared services.” Meanwhile, some business leaders might include skills like “analytics,” “customer service,” “lean six sigma,” and “continuous improvement” on their resume.

Business leaders earn a higher salary in the pharmaceutical industry with an average of $128,816. Whereas, heads of business development earn the highest salary in the telecommunication industry.

In general, business leaders reach similar levels of education when compared to heads of business development resumes. Business leaders are 4.8% less likely to earn their Master’s Degree and 3.0% less likely to graduate with a Doctoral Degree.