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The differences between business development analysts and contractor-business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a business development analyst, becoming a contractor-business analyst takes usually requires 4-6 years. Additionally, a contractor-business analyst has an average salary of $87,402, 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 contractor-business analyst are business process, project management, and data analysis.
| Business Development Analyst | Contractor-Business Analyst | |
| Yearly salary | $59,867 | $87,402 |
| Hourly rate | $28.78 | $42.02 |
| Growth rate | 11% | 9% |
| Number of jobs | 185,387 | 147,698 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
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 contractor-business analyst is responsible for analyzing business processes and strategizing on efficient project management techniques to enhance productivity goals and achieve maximum performance. Contractor-business analysts conduct data and statistical analysis to determine areas of improvement and identify business opportunities that would generate more revenue resources and increase profits. They also review client accounts, measure sales performance, and design solutions by utilizing various software applications and system tools. A contractor-business analyst advises the management of necessary training for the staff to enhance services and close more business partnerships.
Business development analysts and contractor-business analysts have different pay scales, as shown below.
| Business Development Analyst | Contractor-Business Analyst | |
| Average salary | $59,867 | $87,402 |
| Salary range | Between $39,000 And $91,000 | Between $62,000 And $122,000 |
| Highest paying City | Seattle, WA | - |
| Highest paying state | Washington | - |
| Best paying company | Microsoft | - |
| Best paying industry | Technology | - |
There are a few differences between a business development analyst and a contractor-business analyst in terms of educational background:
| Business Development Analyst | Contractor-Business Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between business development analysts' and contractor-business analysts' demographics:
| Business Development Analyst | Contractor-Business Analyst | |
| Average age | 44 | 43 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 50.4% Female, 49.6% |
| 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, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 8% |