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The differences between business associates and business development specialists 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 $57,410 average annual salary of a business development specialist.
The top three skills for a business associate include customer service, patients and powerpoint. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Business Associate | Business Development Specialist | |
| Yearly salary | $72,369 | $57,410 |
| Hourly rate | $34.79 | $27.60 |
| Growth rate | -8% | 10% |
| Number of jobs | 60,886 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 73% |
| 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 specialist is an expert who determines opportunities for marketing strategy optimization and business growth. The specialists perform business process and financial analysis, effective network creation, and business plan implementation. Being a good business development specialist requires knowledge and experience in managing a business. The skillset for the position includes a strong command in English, information technology, attention to detail, and written and verbal communication.
Business associates and business development specialists have different pay scales, as shown below.
| Business Associate | Business Development Specialist | |
| Average salary | $72,369 | $57,410 |
| Salary range | Between $46,000 And $111,000 | Between $38,000 And $85,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | Wisconsin |
| Best paying company | The Citadel | Corsair |
| Best paying industry | Finance | Finance |
There are a few differences between a business associate and a business development specialist in terms of educational background:
| Business Associate | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business associates' and business development specialists' demographics:
| Business Associate | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.2% Female, 61.8% | Male, 50.7% Female, 49.3% |
| 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% |