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The differences between business developers and business development consultants 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 $85,153 average annual salary of a business development consultant.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Business Developer | Business Development Consultant | |
| Yearly salary | $101,635 | $85,153 |
| Hourly rate | $48.86 | $40.94 |
| Growth rate | 10% | 6% |
| Number of jobs | 193,469 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| 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.
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 developers and business development consultants have different pay scales, as shown below.
| Business Developer | Business Development Consultant | |
| Average salary | $101,635 | $85,153 |
| Salary range | Between $66,000 And $156,000 | Between $52,000 And $137,000 |
| Highest paying City | San Francisco, CA | Minneapolis, MN |
| Highest paying state | California | Pennsylvania |
| Best paying company | Apple | Veeva Systems |
| Best paying industry | Manufacturing | Media |
There are a few differences between a business developer and a business development consultant in terms of educational background:
| Business Developer | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business developers' and business development consultants' demographics:
| Business Developer | Business Development Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.8% Female, 34.2% | 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% |