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The differences between business associates and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $72,369 average annual salary of a business associate.
The top three skills for a business associate include customer service, patients and powerpoint. The most important skills for a business advisor are customer service, project management, and business operations.
| Business Associate | Business Advisor | |
| Yearly salary | $72,369 | $96,469 |
| Hourly rate | $34.79 | $46.38 |
| Growth rate | -8% | 6% |
| Number of jobs | 60,886 | 125,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | - |
Business associates are individuals who perform certain roles and duties that involve safeguarding protected health information on behalf of a covered entity. They perform several duties that include handling and managing claims administration and processing, data processing and analysis, and ensuring quality assurance. In addition, business associates conduct market research and identify prospective clients, and develop and implement client retention plans and sales strategies. They are also responsible for identifying new business partners and opportunities.
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.
Business associates and business advisors have different pay scales, as shown below.
| Business Associate | Business Advisor | |
| Average salary | $72,369 | $96,469 |
| Salary range | Between $46,000 And $111,000 | Between $67,000 And $138,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Jersey |
| Best paying company | The Citadel | Amazon |
| Best paying industry | Finance | Technology |
There are a few differences between a business associate and a business advisor in terms of educational background:
| Business Associate | Business Advisor | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business associates' and business advisors' demographics:
| Business Associate | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.2% Female, 61.8% | Male, 63.9% Female, 36.1% |
| 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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 11% |