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The differences between business development specialists and business development associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development associate has an average salary of $65,126, 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 development associate are customer service, powerpoint, and project management.
| Business Development Specialist | Business Development Associate | |
| Yearly salary | $57,410 | $65,126 |
| Hourly rate | $27.60 | $31.31 |
| Growth rate | 10% | 10% |
| Number of jobs | 182,116 | 141,089 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 78% |
| 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.
A business development associate's role is to develop strategies to boost a company's sales and overall growth. They are primarily responsible for conducting research and analysis to identify clients' needs, participate in creating business plans and products, and produce progress reports and presentations. A business development associate must also maintain a database of customer information, arrange meetings between clients, coordinate with marketing staff, and assist in negotiations. Furthermore, it is essential to adhere to the policies and standards of the company.
Business development specialists and business development associates have different pay scales, as shown below.
| Business Development Specialist | Business Development Associate | |
| Average salary | $57,410 | $65,126 |
| Salary range | Between $38,000 And $85,000 | Between $39,000 And $106,000 |
| Highest paying City | Jersey City, NJ | Greenwich, CT |
| Highest paying state | Wisconsin | Connecticut |
| Best paying company | Corsair | Kirkland & Ellis |
| Best paying industry | Finance | Automotive |
There are a few differences between a business development specialist and a business development associate in terms of educational background:
| Business Development Specialist | Business Development Associate | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Southern California |
Here are the differences between business development specialists' and business development associates' demographics:
| Business Development Specialist | Business Development Associate | |
| Average age | 44 | 44 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 54.5% Female, 45.5% |
| 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% |