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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 | Business Development Executive | |
| Yearly salary | $96,469 | $97,871 |
| Hourly rate | $46.38 | $47.05 |
| Growth rate | 6% | 10% |
| Number of jobs | 125,154 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 75% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
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.
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 advisors and business development executives have different pay scales, as shown below.
| Business Advisor | Business Development Executive | |
| Average salary | $96,469 | $97,871 |
| Salary range | Between $67,000 And $138,000 | Between $64,000 And $149,000 |
| Highest paying City | San Francisco, CA | Phoenix, AZ |
| Highest paying state | New Jersey | Arizona |
| Best paying company | Amazon | Clifford Chance |
| Best paying industry | Technology | Pharmaceutical |
There are a few differences between a business advisor and a business development executive in terms of educational background:
| Business Advisor | Business Development Executive | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between business advisors' and business development executives' demographics:
| Business Advisor | Business Development Executive | |
| Average age | 44 | 39 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 63.8% Female, 36.2% |
| Race ratio | Black 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 Percentage | 11% | 10% |