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Business development consultant vs business advisor

The differences between business development consultants 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 $85,153 average annual salary of a business development consultant.

The top three skills for a business development consultant include healthcare, CRM and cloud. The most important skills for a business advisor are customer service, project management, and business operations.

Business development consultant vs business advisor overview

Business Development ConsultantBusiness Advisor
Yearly salary$85,153$96,469
Hourly rate$40.94$46.38
Growth rate6%6%
Number of jobs168,111125,154
Job satisfaction5-
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 67%
Average age4444
Years of experience--

What does a business development consultant do?

The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.

What does a business advisor do?

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 consultant vs business advisor salary

Business development consultants and business advisors have different pay scales, as shown below.

Business Development ConsultantBusiness Advisor
Average salary$85,153$96,469
Salary rangeBetween $52,000 And $137,000Between $67,000 And $138,000
Highest paying CityMinneapolis, MNSan Francisco, CA
Highest paying statePennsylvaniaNew Jersey
Best paying companyVeeva SystemsAmazon
Best paying industryMediaTechnology

Differences between business development consultant and business advisor education

There are a few differences between a business development consultant and a business advisor in terms of educational background:

Business Development ConsultantBusiness Advisor
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Business development consultant vs business advisor demographics

Here are the differences between business development consultants' and business advisors' demographics:

Business Development ConsultantBusiness Advisor
Average age4444
Gender ratioMale, 64.1% Female, 35.9%Male, 63.9% Female, 36.1%
Race ratioBlack 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 Percentage11%11%

Differences between business development consultant and business advisor duties and responsibilities

Business development consultant example responsibilities.

  • Manage and negotiate key vendor relationships including financial transaction processing, product marketing, advertising and collateral fulfillment to maximize ROI.
  • Improve customer retention and customer satisfaction by implementing a CRM system.
  • Work alongside CEO in developing and implementing a sales training program/protocols for new salespeople using a customize CRM
  • Connect business processes through its online payroll solution, integrate human resource information system and cloud computing services.
  • Conduct extensive research to identify healthcare provider clients and physician job candidates.
  • Arrange in-person meetings to referring primary care providers and other community healthcare organizations.
  • Show more

Business advisor example responsibilities.

  • Manage training and presentation collateral on SharePoint system, resulting in recycling of documentation for consistent messaging across enterprise.
  • Manage cost-centers and leverage unique Indian production and post- production capabilities and position the company as a prefer production partner.
  • Prepare financial statements, payroll tax reports, and advise small business clients on accounting and financial management matters.
  • Provide a supplement team in an effort to create a cloud computing architecture team at a major telecommunications company.
  • Handle miscellaneous bookkeeping duties including payroll, payroll taxes, accounts receivable, accounts payable and financial statements for client companies.
  • Support the reengineering of the SME development area.
  • Show more

Business development consultant vs business advisor skills

Common business development consultant skills
  • Healthcare, 13%
  • CRM, 9%
  • Cloud, 9%
  • Customer Satisfaction, 8%
  • Sales Training, 6%
  • Sales Pipeline, 5%
Common business advisor skills
  • Customer Service, 10%
  • Project Management, 8%
  • Business Operations, 8%
  • Strong Analytical, 8%
  • Healthcare, 7%
  • Human Resources, 4%

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