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The differences between business development managers and business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business development manager, becoming a business analyst takes usually requires 2-4 years. Additionally, a business development manager has an average salary of $100,769, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a business development manager include customer service, CRM and healthcare. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Business Development Manager | Business Analyst | |
| Yearly salary | $100,769 | $74,431 |
| Hourly rate | $48.45 | $35.78 |
| Growth rate | 10% | 9% |
| Number of jobs | 215,309 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 39 | 44 |
| Years of experience | 10 | 4 |
A business development manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Business development managers and business analysts have different pay scales, as shown below.
| Business Development Manager | Business Analyst | |
| Average salary | $100,769 | $74,431 |
| Salary range | Between $67,000 And $151,000 | Between $53,000 And $103,000 |
| Highest paying City | San Francisco, CA | Mountain View, CA |
| Highest paying state | California | Washington |
| Best paying company | Shearman & Sterling | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a business development manager and a business analyst in terms of educational background:
| Business Development Manager | Business Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Stanford University |
Here are the differences between business development managers' and business analysts' demographics:
| Business Development Manager | Business Analyst | |
| Average age | 39 | 44 |
| Gender ratio | Male, 68.6% Female, 31.4% | Male, 53.9% Female, 46.1% |
| 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, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 11% |