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The differences between business development associates and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $65,126 average annual salary of a business development associate.
The top three skills for a business development associate include customer service, powerpoint and project management. The most important skills for a business advisor are customer service, project management, and business operations.
| Business Development Associate | Business Advisor | |
| Yearly salary | $65,126 | $96,469 |
| Hourly rate | $31.31 | $46.38 |
| Growth rate | 10% | 6% |
| Number of jobs | 141,089 | 125,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A business development associate's role is to develop strategies to boost a company's sales and overall growth. They are primarily responsible for conducting research and analysis to identify clients' needs, participate in creating business plans and products, and produce progress reports and presentations. A business development associate must also maintain a database of customer information, arrange meetings between clients, coordinate with marketing staff, and assist in negotiations. Furthermore, it is essential to adhere to the policies and standards of the company.
Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.
Business development associates and business advisors have different pay scales, as shown below.
| Business Development Associate | Business Advisor | |
| Average salary | $65,126 | $96,469 |
| Salary range | Between $39,000 And $106,000 | Between $67,000 And $138,000 |
| Highest paying City | Greenwich, CT | San Francisco, CA |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | Kirkland & Ellis | Amazon |
| Best paying industry | Automotive | Technology |
There are a few differences between a business development associate and a business advisor in terms of educational background:
| Business Development Associate | Business Advisor | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Southern California | Western Carolina University |
Here are the differences between business development associates' and business advisors' demographics:
| Business Development Associate | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 54.5% Female, 45.5% | Male, 63.9% Female, 36.1% |
| 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% |