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The differences between business development managers and business development specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development manager has an average salary of $100,769, which is higher than the $57,410 average annual salary of a business development specialist.
The top three skills for a business development manager include customer service, CRM and healthcare. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Business Development Manager | Business Development Specialist | |
| Yearly salary | $100,769 | $57,410 |
| Hourly rate | $48.45 | $27.60 |
| Growth rate | 10% | 10% |
| Number of jobs | 215,309 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Average age | 39 | 44 |
| Years of experience | 10 | - |
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.
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 managers and business development specialists have different pay scales, as shown below.
| Business Development Manager | Business Development Specialist | |
| Average salary | $100,769 | $57,410 |
| Salary range | Between $67,000 And $151,000 | Between $38,000 And $85,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | Wisconsin |
| Best paying company | Shearman & Sterling | Corsair |
| Best paying industry | Finance | Finance |
There are a few differences between a business development manager and a business development specialist in terms of educational background:
| Business Development Manager | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 74% | 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 managers' and business development specialists' demographics:
| Business Development Manager | Business Development Specialist | |
| Average age | 39 | 44 |
| Gender ratio | Male, 68.6% Female, 31.4% | 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% |