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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 | Business Development Specialist | |
| Yearly salary | $97,871 | $57,410 |
| Hourly rate | $47.05 | $27.60 |
| Growth rate | 10% | 10% |
| Number of jobs | 189,950 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Average age | 39 | 44 |
| Years of experience | 10 | - |
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.
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 executives and business development specialists have different pay scales, as shown below.
| Business Development Executive | Business Development Specialist | |
| Average salary | $97,871 | $57,410 |
| Salary range | Between $64,000 And $149,000 | Between $38,000 And $85,000 |
| Highest paying City | Phoenix, AZ | Jersey City, NJ |
| Highest paying state | Arizona | Wisconsin |
| Best paying company | Clifford Chance | Corsair |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a business development executive and a business development specialist in terms of educational background:
| Business Development Executive | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Western Carolina University |
Here are the differences between business development executives' and business development specialists' demographics:
| Business Development Executive | Business Development Specialist | |
| Average age | 39 | 44 |
| Gender ratio | Male, 63.8% Female, 36.2% | Male, 50.7% Female, 49.3% |
| Race ratio | 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% | 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 | 10% | 11% |