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The differences between business development officers and business development specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development officer has an average salary of $77,778, which is higher than the $57,410 average annual salary of a business development specialist.
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 specialist are work ethic, CRM, and customer service.
| Business Development Officer | Business Development Specialist | |
| Yearly salary | $77,778 | $57,410 |
| Hourly rate | $37.39 | $27.60 |
| Growth rate | 6% | 10% |
| Number of jobs | 169,947 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| 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 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 officers and business development specialists have different pay scales, as shown below.
| Business Development Officer | Business Development Specialist | |
| Average salary | $77,778 | $57,410 |
| Salary range | Between $47,000 And $126,000 | Between $38,000 And $85,000 |
| Highest paying City | Albany, NY | Jersey City, NJ |
| Highest paying state | New York | Wisconsin |
| Best paying company | MUFG EMEA | Corsair |
| Best paying industry | Health Care | Finance |
There are a few differences between a business development officer and a business development specialist in terms of educational background:
| Business Development Officer | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| 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 specialists' demographics:
| Business Development Officer | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 50.7% Female, 49.3% |
| 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% |