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The differences between business development consultants and business development executives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development executive has an average salary of $97,871, 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 development executive are business development, digital transformation, and customer service.
| Business Development Consultant | Business Development Executive | |
| Yearly salary | $85,153 | $97,871 |
| Hourly rate | $40.94 | $47.05 |
| Growth rate | 6% | 10% |
| Number of jobs | 168,111 | 189,950 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Average age | 44 | 39 |
| Years of experience | - | 10 |
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 executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Business development consultants and business development executives have different pay scales, as shown below.
| Business Development Consultant | Business Development Executive | |
| Average salary | $85,153 | $97,871 |
| Salary range | Between $52,000 And $137,000 | Between $64,000 And $149,000 |
| Highest paying City | Minneapolis, MN | Phoenix, AZ |
| Highest paying state | Pennsylvania | Arizona |
| Best paying company | Veeva Systems | Clifford Chance |
| Best paying industry | Media | Pharmaceutical |
There are a few differences between a business development consultant and a business development executive in terms of educational background:
| Business Development Consultant | Business Development Executive | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between business development consultants' and business development executives' demographics:
| Business Development Consultant | Business Development Executive | |
| Average age | 44 | 39 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 63.8% Female, 36.2% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 10% |