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The differences between business developers and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business developer has an average salary of $101,635, which is higher than the $96,469 average annual salary of a business advisor.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a business advisor are customer service, project management, and business operations.
| Business Developer | Business Advisor | |
| Yearly salary | $101,635 | $96,469 |
| Hourly rate | $48.86 | $46.38 |
| Growth rate | 10% | 6% |
| Number of jobs | 193,469 | 125,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
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 developers and business advisors have different pay scales, as shown below.
| Business Developer | Business Advisor | |
| Average salary | $101,635 | $96,469 |
| Salary range | Between $66,000 And $156,000 | Between $67,000 And $138,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | New Jersey |
| Best paying company | Apple | Amazon |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a business developer and a business advisor in terms of educational background:
| Business Developer | Business Advisor | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business developers' and business advisors' demographics:
| Business Developer | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.8% Female, 34.2% | 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% |