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The differences between business development leads and business development specialists 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 $57,410 average annual salary of a business development specialist.
The top three skills for a business development lead include project management, cloud and emerging technologies. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Business Development Lead | Business Development Specialist | |
| Yearly salary | $118,868 | $57,410 |
| Hourly rate | $57.15 | $27.60 |
| Growth rate | 10% | 10% |
| Number of jobs | 172,226 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| 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.
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 leads and business development specialists have different pay scales, as shown below.
| Business Development Lead | Business Development Specialist | |
| Average salary | $118,868 | $57,410 |
| Salary range | Between $84,000 And $167,000 | Between $38,000 And $85,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | Wisconsin |
| Best paying company | Apple | Corsair |
| Best paying industry | Technology | Finance |
There are a few differences between a business development lead and a business development specialist in terms of educational background:
| Business Development Lead | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 71% | 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 leads' and business development specialists' demographics:
| Business Development Lead | Business Development Specialist | |
| Average age | 39 | 44 |
| Gender ratio | Male, 69.7% Female, 30.3% | 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% |