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The differences between business development analysts and business & finance analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a business development analyst and a business & finance analyst. Additionally, a business & finance analyst has an average salary of $70,514, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a business development analyst include business development, market research and project management. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Development Analyst | Business & Finance Analyst | |
| Yearly salary | $59,867 | $70,514 |
| Hourly rate | $28.78 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 185,387 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Business development analysts and business & finance analysts have different pay scales, as shown below.
| Business Development Analyst | Business & Finance Analyst | |
| Average salary | $59,867 | $70,514 |
| Salary range | Between $39,000 And $91,000 | Between $50,000 And $99,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | Microsoft | |
| Best paying industry | Technology | Finance |
There are a few differences between a business development analyst and a business & finance analyst in terms of educational background:
| Business Development Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between business development analysts' and business & finance analysts' demographics:
| Business Development Analyst | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% American Indian and Alaska Native, 0.2% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 7% |