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Business development executive vs business development specialist

The differences between business development executives and business development specialists 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 $57,410 average annual salary of a business development specialist.

The top three skills for a business development executive include business development, digital transformation and customer service. The most important skills for a business development specialist are work ethic, CRM, and customer service.

Business development executive vs business development specialist overview

Business Development ExecutiveBusiness Development Specialist
Yearly salary$97,871$57,410
Hourly rate$47.05$27.60
Growth rate10%10%
Number of jobs189,950182,116
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 73%
Average age3944
Years of experience10-

What does a business development executive do?

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.

What does a business development specialist do?

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 executive vs business development specialist salary

Business development executives and business development specialists have different pay scales, as shown below.

Business Development ExecutiveBusiness Development Specialist
Average salary$97,871$57,410
Salary rangeBetween $64,000 And $149,000Between $38,000 And $85,000
Highest paying CityPhoenix, AZJersey City, NJ
Highest paying stateArizonaWisconsin
Best paying companyClifford ChanceCorsair
Best paying industryPharmaceuticalFinance

Differences between business development executive and business development specialist education

There are a few differences between a business development executive and a business development specialist in terms of educational background:

Business Development ExecutiveBusiness Development Specialist
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaWestern Carolina University

Business development executive vs business development specialist demographics

Here are the differences between business development executives' and business development specialists' demographics:

Business Development ExecutiveBusiness Development Specialist
Average age3944
Gender ratioMale, 63.8% Female, 36.2%Male, 50.7% Female, 49.3%
Race ratioBlack 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%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 Percentage10%11%

Differences between business development executive and business development specialist duties and responsibilities

Business development executive example responsibilities.

  • Manage and monitor the company CRM and all opportunity and forecasting reporting.
  • Develop and manage all new business for strategic and technology consulting services within the healthcare, government and manufacturing sectors.
  • Negotiate healthcare provider group, ancillary and facility contracts to achieve objectives relative to competitive market trends and client expectations.
  • Review cost/benefit analysis of potential promotional programs to justify the ROI and manage budgets set aside to support promotional activities.
  • Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
  • Utilize SalesForce to track clients and sales.
  • Show more

Business development specialist example responsibilities.

  • Utilize a number of sales tools such as SalesForce to manage pipeline.
  • Develop and manage all SEO, SEM, and all social media platforms and authore all content.
  • Manage and coordinate a successful implementation of a cloud-base ERP system.
  • Manage logistics, control engineering and design, order placement, vendor relationships, customer utilization and technology.
  • Take inbound and make some outbound calls as necessary to assist customers with billing, account information and troubleshoot technical issues.
  • Experience connecting databases in SQL with the software application.
  • Show more

Business development executive vs business development specialist skills

Common business development executive skills
  • Business Development, 13%
  • Digital Transformation, 8%
  • Customer Service, 6%
  • Client Relationships, 5%
  • Cloud, 4%
  • CRM, 4%
Common business development specialist skills
  • Work Ethic, 10%
  • CRM, 9%
  • Customer Service, 7%
  • Healthcare, 6%
  • Sales Process, 4%
  • Salesforce, 4%

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