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The differences between business developers and business development specialists 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 $57,410 average annual salary of a business development specialist.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Business Developer | Business Development Specialist | |
| Yearly salary | $101,635 | $57,410 |
| Hourly rate | $48.86 | $27.60 |
| Growth rate | 10% | 10% |
| Number of jobs | 193,469 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| 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.
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 developers and business development specialists have different pay scales, as shown below.
| Business Developer | Business Development Specialist | |
| Average salary | $101,635 | $57,410 |
| Salary range | Between $66,000 And $156,000 | Between $38,000 And $85,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | Wisconsin |
| Best paying company | Apple | Corsair |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a business developer and a business development specialist in terms of educational background:
| Business Developer | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business developers' and business development specialists' demographics:
| Business Developer | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.8% Female, 34.2% | 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% |