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The differences between business development officers and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development consultant has an average salary of $85,153, 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 development consultant are healthcare, CRM, and cloud.
| Business Development Officer | Business Development Consultant | |
| Yearly salary | $77,778 | $85,153 |
| Hourly rate | $37.39 | $40.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 169,947 | 168,111 |
| Job satisfaction | - | 5 |
| 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.
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 officers and business development consultants have different pay scales, as shown below.
| Business Development Officer | Business Development Consultant | |
| Average salary | $77,778 | $85,153 |
| Salary range | Between $47,000 And $126,000 | Between $52,000 And $137,000 |
| Highest paying City | Albany, NY | Minneapolis, MN |
| Highest paying state | New York | Pennsylvania |
| Best paying company | MUFG EMEA | Veeva Systems |
| Best paying industry | Health Care | Media |
There are a few differences between a business development officer and a business development consultant in terms of educational background:
| Business Development Officer | Business Development Consultant | |
| 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 development consultants' demographics:
| Business Development Officer | Business Development Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 64.1% Female, 35.9% |
| 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% |