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The differences between business developers and business 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 $73,521 average annual salary of a business specialist.
The top three skills for a business developer include healthcare, CRM and customer service. The most important skills for a business specialist are patients, customer service, and product knowledge.
| Business Developer | Business Specialist | |
| Yearly salary | $101,635 | $73,521 |
| Hourly rate | $48.86 | $35.35 |
| Growth rate | 10% | 4% |
| Number of jobs | 193,469 | 95,909 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| 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 specialist's role is to perform research and analysis to determine the company's strengths and weaknesses, aiming to improve and develop areas for optimal performance. Their responsibilities revolve around coordinating with different departments to gather relevant data, identifying new opportunities and ways to meet clients' needs, devising strategies and programs for profit growth, and developing new processes for business efficiency. Furthermore, it is essential to provide corrective measures on various issues and concerns, all while implementing the company's policies and regulations.
Business developers and business specialists have different pay scales, as shown below.
| Business Developer | Business Specialist | |
| Average salary | $101,635 | $73,521 |
| Salary range | Between $66,000 And $156,000 | Between $44,000 And $120,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | Apple | BP America Inc |
| Best paying industry | Manufacturing | - |
There are a few differences between a business developer and a business specialist in terms of educational background:
| Business Developer | Business Specialist | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business developers' and business specialists' demographics:
| Business Developer | Business Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 65.8% Female, 34.2% | Male, 48.1% Female, 51.9% |
| 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% |