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The differences between business development specialists and business specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business specialist has an average salary of $73,521, 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 specialist are patients, customer service, and product knowledge.
| Business Development Specialist | Business Specialist | |
| Yearly salary | $57,410 | $73,521 |
| Hourly rate | $27.60 | $35.35 |
| Growth rate | 10% | 4% |
| Number of jobs | 182,116 | 95,909 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| 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 specialist's role is to perform research and analysis to determine the company's strengths and weaknesses, aiming to improve and develop areas for optimal performance. Their responsibilities revolve around coordinating with different departments to gather relevant data, identifying new opportunities and ways to meet clients' needs, devising strategies and programs for profit growth, and developing new processes for business efficiency. Furthermore, it is essential to provide corrective measures on various issues and concerns, all while implementing the company's policies and regulations.
Business development specialists and business specialists have different pay scales, as shown below.
| Business Development Specialist | Business Specialist | |
| Average salary | $57,410 | $73,521 |
| Salary range | Between $38,000 And $85,000 | Between $44,000 And $120,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | Wisconsin | Washington |
| Best paying company | Corsair | BP America Inc |
| Best paying industry | Finance | - |
There are a few differences between a business development specialist and a business specialist in terms of educational background:
| Business Development Specialist | Business Specialist | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business development specialists' and business specialists' demographics:
| Business Development Specialist | Business Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 50.7% Female, 49.3% | Male, 48.1% Female, 51.9% |
| 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% |