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The differences between business development associates and business specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business specialist has an average salary of $73,521, 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 specialist are patients, customer service, and product knowledge.
| Business Development Associate | Business Specialist | |
| Yearly salary | $65,126 | $73,521 |
| Hourly rate | $31.31 | $35.35 |
| Growth rate | 10% | 4% |
| Number of jobs | 141,089 | 95,909 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 65% |
| 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.
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 development associates and business specialists have different pay scales, as shown below.
| Business Development Associate | Business Specialist | |
| Average salary | $65,126 | $73,521 |
| Salary range | Between $39,000 And $106,000 | Between $44,000 And $120,000 |
| Highest paying City | Greenwich, CT | Seattle, WA |
| Highest paying state | Connecticut | Washington |
| Best paying company | Kirkland & Ellis | BP America Inc |
| Best paying industry | Automotive | - |
There are a few differences between a business development associate and a business specialist in terms of educational background:
| Business Development Associate | Business Specialist | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 65% |
| 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 specialists' demographics:
| Business Development Associate | Business Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 54.5% Female, 45.5% | 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% |