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Business advisor vs business development executive

The differences between business advisors and business development executives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development executive has an average salary of $97,871, which is higher than the $96,469 average annual salary of a business advisor.

The top three skills for a business advisor include customer service, project management and business operations. The most important skills for a business development executive are business development, digital transformation, and customer service.

Business advisor vs business development executive overview

Business AdvisorBusiness Development Executive
Yearly salary$96,469$97,871
Hourly rate$46.38$47.05
Growth rate6%10%
Number of jobs125,154189,950
Job satisfaction--
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 75%
Average age4439
Years of experience-10

What does a business advisor do?

Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.

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.

Business advisor vs business development executive salary

Business advisors and business development executives have different pay scales, as shown below.

Business AdvisorBusiness Development Executive
Average salary$96,469$97,871
Salary rangeBetween $67,000 And $138,000Between $64,000 And $149,000
Highest paying CitySan Francisco, CAPhoenix, AZ
Highest paying stateNew JerseyArizona
Best paying companyAmazonClifford Chance
Best paying industryTechnologyPharmaceutical

Differences between business advisor and business development executive education

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

Business AdvisorBusiness Development Executive
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 75%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityUniversity of Georgia

Business advisor vs business development executive demographics

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

Business AdvisorBusiness Development Executive
Average age4439
Gender ratioMale, 63.9% Female, 36.1%Male, 63.8% Female, 36.2%
Race ratioBlack 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%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 Percentage11%10%

Differences between business advisor and business development executive duties and responsibilities

Business advisor example responsibilities.

  • Manage training and presentation collateral on SharePoint system, resulting in recycling of documentation for consistent messaging across enterprise.
  • Manage cost-centers and leverage unique Indian production and post- production capabilities and position the company as a prefer production partner.
  • Prepare financial statements, payroll tax reports, and advise small business clients on accounting and financial management matters.
  • Provide a supplement team in an effort to create a cloud computing architecture team at a major telecommunications company.
  • Handle miscellaneous bookkeeping duties including payroll, payroll taxes, accounts receivable, accounts payable and financial statements for client companies.
  • Support the reengineering of the SME development area.
  • Show more

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.
  • Show more

Business advisor vs business development executive skills

Common business advisor skills
  • Customer Service, 10%
  • Project Management, 8%
  • Business Operations, 8%
  • Strong Analytical, 8%
  • Healthcare, 7%
  • Human Resources, 4%
Common business development executive skills
  • Business Development, 13%
  • Digital Transformation, 8%
  • Customer Service, 6%
  • Client Relationships, 5%
  • Cloud, 4%
  • CRM, 4%

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