Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between business development officers and business developers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business developer has an average salary of $101,635, which is higher than the $77,778 average annual salary of a business development officer.
The top three skills for a business development officer include customer service, business administration and financial services. The most important skills for a business developer are healthcare, CRM, and customer service.
| Business Development Officer | Business Developer | |
| Yearly salary | $77,778 | $101,635 |
| Hourly rate | $37.39 | $48.86 |
| Growth rate | 6% | 10% |
| Number of jobs | 169,947 | 193,469 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | 6 | - |
A business development officer is responsible for implementing project management techniques and identifying business opportunities to generate revenue resources and increase client partnerships. Business development officers negotiate business offers to the clients, understanding their specifications, and develop strategic processes to reach their target goals according to their requirements, such as budget limitations and deadlines. They also review sales proposals and marketing materials, adjusting existing policies to deliver high-quality outputs with minimal costs. A business development officer analyzes feedback, evaluates current market trends, and monitors business and financial transactions.
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Business development officers and business developers have different pay scales, as shown below.
| Business Development Officer | Business Developer | |
| Average salary | $77,778 | $101,635 |
| Salary range | Between $47,000 And $126,000 | Between $66,000 And $156,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | MUFG EMEA | Apple |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a business development officer and a business developer in terms of educational background:
| Business Development Officer | Business Developer | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between business development officers' and business developers' demographics:
| Business Development Officer | Business Developer | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 65.8% Female, 34.2% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.7% American Indian and Alaska Native, 0.5% | 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% |