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The differences between business associates and business development associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business associate has an average salary of $72,369, which is higher than the $65,126 average annual salary of a business development associate.
The top three skills for a business associate include customer service, patients and powerpoint. The most important skills for a business development associate are customer service, powerpoint, and project management.
| Business Associate | Business Development Associate | |
| Yearly salary | $72,369 | $65,126 |
| Hourly rate | $34.79 | $31.31 |
| Growth rate | -8% | 10% |
| Number of jobs | 60,886 | 141,089 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 78% |
| 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.
A business development associate's role is to develop strategies to boost a company's sales and overall growth. They are primarily responsible for conducting research and analysis to identify clients' needs, participate in creating business plans and products, and produce progress reports and presentations. A business development associate must also maintain a database of customer information, arrange meetings between clients, coordinate with marketing staff, and assist in negotiations. Furthermore, it is essential to adhere to the policies and standards of the company.
Business associates and business development associates have different pay scales, as shown below.
| Business Associate | Business Development Associate | |
| Average salary | $72,369 | $65,126 |
| Salary range | Between $46,000 And $111,000 | Between $39,000 And $106,000 |
| Highest paying City | San Francisco, CA | Greenwich, CT |
| Highest paying state | California | Connecticut |
| Best paying company | The Citadel | Kirkland & Ellis |
| Best paying industry | Finance | Automotive |
There are a few differences between a business associate and a business development associate in terms of educational background:
| Business Associate | Business Development Associate | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Southern California |
Here are the differences between business associates' and business development associates' demographics:
| Business Associate | Business Development Associate | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.2% Female, 61.8% | Male, 54.5% Female, 45.5% |
| 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% |