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The differences between business development interns and business development specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development specialist has an average salary of $57,410, which is higher than the $33,146 average annual salary of a business development internship.
The top three skills for a business development internship include powerpoint, market research and social media marketing. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Business Development Internship | Business Development Specialist | |
| Yearly salary | $33,146 | $57,410 |
| Hourly rate | $15.94 | $27.60 |
| Growth rate | 19% | 10% |
| Number of jobs | 147,302 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A business development intern is responsible for supporting the organization's goals and objectives in providing the best services to clients and ensuring a smooth flow of operations with maximum productivity and efficiency. Business development interns observe the operational processes of the department and perform duties under the supervision of a direct manager or tenured staff. They also assist with the creation of new products and services, pitching strategies to promote them in the market, develop marketing campaigns, and creating proposals for business partnership purposes. A business development intern must be detail-oriented and highly organized to support daily operations.
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 interns and business development specialists have different pay scales, as shown below.
| Business Development Internship | Business Development Specialist | |
| Average salary | $33,146 | $57,410 |
| Salary range | Between $25,000 And $42,000 | Between $38,000 And $85,000 |
| Highest paying City | Boston, MA | Jersey City, NJ |
| Highest paying state | Alaska | Wisconsin |
| Best paying company | Sandia National Labs | Corsair |
| Best paying industry | Technology | Finance |
There are a few differences between a business development internship and a business development specialist in terms of educational background:
| Business Development Internship | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between business development interns' and business development specialists' demographics:
| Business Development Internship | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.0% Female, 42.0% | 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% |