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The differences between business development consultants and business development specialists 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 $57,410 average annual salary of a business development specialist.
The top three skills for a business development consultant include healthcare, CRM and cloud. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Business Development Consultant | Business Development Specialist | |
| Yearly salary | $85,153 | $57,410 |
| Hourly rate | $40.94 | $27.60 |
| Growth rate | 6% | 10% |
| Number of jobs | 168,111 | 182,116 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| 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 specialist is an expert who determines opportunities for marketing strategy optimization and business growth. The specialists perform business process and financial analysis, effective network creation, and business plan implementation. Being a good business development specialist requires knowledge and experience in managing a business. The skillset for the position includes a strong command in English, information technology, attention to detail, and written and verbal communication.
Business development consultants and business development specialists have different pay scales, as shown below.
| Business Development Consultant | Business Development Specialist | |
| Average salary | $85,153 | $57,410 |
| Salary range | Between $52,000 And $137,000 | Between $38,000 And $85,000 |
| Highest paying City | Minneapolis, MN | Jersey City, NJ |
| Highest paying state | Pennsylvania | Wisconsin |
| Best paying company | Veeva Systems | Corsair |
| Best paying industry | Media | Finance |
There are a few differences between a business development consultant and a business development specialist in terms of educational background:
| Business Development Consultant | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business development consultants' and business development specialists' demographics:
| Business Development Consultant | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 50.7% Female, 49.3% |
| 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% |