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The differences between business development consultants and business development managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development manager has an average salary of $100,769, 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 manager are customer service, CRM, and healthcare.
| Business Development Consultant | Business Development Manager | |
| Yearly salary | $85,153 | $100,769 |
| Hourly rate | $40.94 | $48.45 |
| Growth rate | 6% | 10% |
| Number of jobs | 168,111 | 215,309 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| 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 manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
Business development consultants and business development managers have different pay scales, as shown below.
| Business Development Consultant | Business Development Manager | |
| Average salary | $85,153 | $100,769 |
| Salary range | Between $52,000 And $137,000 | Between $67,000 And $151,000 |
| Highest paying City | Minneapolis, MN | San Francisco, CA |
| Highest paying state | Pennsylvania | California |
| Best paying company | Veeva Systems | Shearman & Sterling |
| Best paying industry | Media | Finance |
There are a few differences between a business development consultant and a business development manager in terms of educational background:
| Business Development Consultant | Business Development Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| 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 managers' demographics:
| Business Development Consultant | Business Development Manager | |
| Average age | 44 | 39 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 68.6% Female, 31.4% |
| 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% |