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The differences between business development officers and business partners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business development officer, becoming a business partner takes usually requires 8-10 years. Additionally, a business partner has an average salary of $96,324, 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 partner are analytics, project management, and customer service.
| Business Development Officer | Business Partner | |
| Yearly salary | $77,778 | $96,324 |
| Hourly rate | $37.39 | $46.31 |
| Growth rate | 6% | 10% |
| Number of jobs | 169,947 | 106,251 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Average age | 44 | 39 |
| Years of experience | 6 | 10 |
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 partner is an individual who is involved in a legal business partnership with other individuals to manage a business as co-owners. Business partners invest their money into the business, and each partner benefits from any profits and sustains part of any losses. They must file with the state in which they do business and are governed mostly by state laws. Business partners can also be either liable or not for the actions taken by the company.
Business development officers and business partners have different pay scales, as shown below.
| Business Development Officer | Business Partner | |
| Average salary | $77,778 | $96,324 |
| Salary range | Between $47,000 And $126,000 | Between $66,000 And $140,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | MUFG EMEA | ZS |
| Best paying industry | Health Care | Technology |
There are a few differences between a business development officer and a business partner in terms of educational background:
| Business Development Officer | Business Partner | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between business development officers' and business partners' demographics:
| Business Development Officer | Business Partner | |
| Average age | 44 | 39 |
| Gender ratio | Male, 62.4% Female, 37.6% | Male, 56.2% Female, 43.8% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |