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The differences between business development leads and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development lead has an average salary of $118,868, which is higher than the $85,153 average annual salary of a business development consultant.
The top three skills for a business development lead include project management, cloud and emerging technologies. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Business Development Lead | Business Development Consultant | |
| Yearly salary | $118,868 | $85,153 |
| Hourly rate | $57.15 | $40.94 |
| Growth rate | 10% | 6% |
| Number of jobs | 172,226 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Average age | 39 | 44 |
| Years of experience | 10 | - |
Business Development Leads oversee the continuous pursuit of growth opportunities for the company. They should be familiar with current industry trends and economic news. They should also be familiar with the business performance to identify areas for improvement and development. They should know the company's target market to help create marketing campaigns. Business development leads may also be asked to create product innovations that would cater to their target market's needs. They are expected to spearhead programs that aim to attract new clients and retain existing ones.
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.
Business development leads and business development consultants have different pay scales, as shown below.
| Business Development Lead | Business Development Consultant | |
| Average salary | $118,868 | $85,153 |
| Salary range | Between $84,000 And $167,000 | Between $52,000 And $137,000 |
| Highest paying City | San Francisco, CA | Minneapolis, MN |
| Highest paying state | California | Pennsylvania |
| Best paying company | Apple | Veeva Systems |
| Best paying industry | Technology | Media |
There are a few differences between a business development lead and a business development consultant in terms of educational background:
| Business Development Lead | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Western Carolina University |
Here are the differences between business development leads' and business development consultants' demographics:
| Business Development Lead | Business Development Consultant | |
| Average age | 39 | 44 |
| Gender ratio | Male, 69.7% Female, 30.3% | Male, 64.1% Female, 35.9% |
| 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% |