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The differences between business associates and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development consultant has an average salary of $85,153, 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 development consultant are healthcare, CRM, and cloud.
| Business Associate | Business Development Consultant | |
| Yearly salary | $72,369 | $85,153 |
| Hourly rate | $34.79 | $40.94 |
| Growth rate | -8% | 6% |
| Number of jobs | 60,886 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 72% |
| 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.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Business associates and business development consultants have different pay scales, as shown below.
| Business Associate | Business Development Consultant | |
| Average salary | $72,369 | $85,153 |
| Salary range | Between $46,000 And $111,000 | Between $52,000 And $137,000 |
| Highest paying City | San Francisco, CA | Minneapolis, MN |
| Highest paying state | California | Pennsylvania |
| Best paying company | The Citadel | Veeva Systems |
| Best paying industry | Finance | Media |
There are a few differences between a business associate and a business development consultant in terms of educational background:
| Business Associate | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business associates' and business development consultants' demographics:
| Business Associate | Business Development Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.2% Female, 61.8% | Male, 64.1% Female, 35.9% |
| 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% |