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The differences between business development consultants and business development associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development consultant has an average salary of $85,153, which is higher than the $65,126 average annual salary of a business development associate.
The top three skills for a business development consultant include healthcare, CRM and cloud. The most important skills for a business development associate are customer service, powerpoint, and project management.
| Business Development Consultant | Business Development Associate | |
| Yearly salary | $85,153 | $65,126 |
| Hourly rate | $40.94 | $31.31 |
| Growth rate | 6% | 10% |
| Number of jobs | 168,111 | 141,089 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 78% |
| Average age | 44 | 44 |
| Years of experience | - | - |
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.
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 development consultants and business development associates have different pay scales, as shown below.
| Business Development Consultant | Business Development Associate | |
| Average salary | $85,153 | $65,126 |
| Salary range | Between $52,000 And $137,000 | Between $39,000 And $106,000 |
| Highest paying City | Minneapolis, MN | Greenwich, CT |
| Highest paying state | Pennsylvania | Connecticut |
| Best paying company | Veeva Systems | Kirkland & Ellis |
| Best paying industry | Media | Automotive |
There are a few differences between a business development consultant and a business development associate in terms of educational background:
| Business Development Consultant | Business Development Associate | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Southern California |
Here are the differences between business development consultants' and business development associates' demographics:
| Business Development Consultant | Business Development Associate | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 54.5% Female, 45.5% |
| 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% |