Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between business development specialists and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $57,410 average annual salary of a business development specialist.
The top three skills for a business development specialist include work ethic, CRM and customer service. The most important skills for a business advisor are customer service, project management, and business operations.
| Business Development Specialist | Business Advisor | |
| Yearly salary | $57,410 | $96,469 |
| Hourly rate | $27.60 | $46.38 |
| Growth rate | 10% | 6% |
| Number of jobs | 182,116 | 125,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | - | - |
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 Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.
Business development specialists and business advisors have different pay scales, as shown below.
| Business Development Specialist | Business Advisor | |
| Average salary | $57,410 | $96,469 |
| Salary range | Between $38,000 And $85,000 | Between $67,000 And $138,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | Wisconsin | New Jersey |
| Best paying company | Corsair | Amazon |
| Best paying industry | Finance | Technology |
There are a few differences between a business development specialist and a business advisor in terms of educational background:
| Business Development Specialist | Business Advisor | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business development specialists' and business advisors' demographics:
| Business Development Specialist | Business Advisor | |
| Average age | 44 | 44 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 63.9% Female, 36.1% |
| Race ratio | 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% | 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 | 11% | 11% |