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The differences between business executives and business development consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development consultant has an average salary of $85,153, which is higher than the $63,101 average annual salary of a business executive.
The top three skills for a business executive include customer service, customer satisfaction and revenue growth. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Business Executive | Business Development Consultant | |
| Yearly salary | $63,101 | $85,153 |
| Hourly rate | $30.34 | $40.94 |
| Growth rate | 6% | 6% |
| Number of jobs | 138,097 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | 6 | - |
The duties of a business executive depend upon their position and industry of employment. In general, they are in charge of spearheading and overseeing business operations to ensure that everything runs smoothly and efficiently. They typically have the power to make corporate decisions, set goals and budgets, establish guidelines and timelines, negotiate with potential business partners, and develop business strategies to optimize overall operations. Moreover, a business executive implements and promotes company policies and regulations, creating new ones as needed.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Business executives and business development consultants have different pay scales, as shown below.
| Business Executive | Business Development Consultant | |
| Average salary | $63,101 | $85,153 |
| Salary range | Between $29,000 And $135,000 | Between $52,000 And $137,000 |
| Highest paying City | Albany, NY | Minneapolis, MN |
| Highest paying state | New York | Pennsylvania |
| Best paying company | The Walt Disney Company | Veeva Systems |
| Best paying industry | - | Media |
There are a few differences between a business executive and a business development consultant in terms of educational background:
| Business Executive | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between business executives' and business development consultants' demographics:
| Business Executive | Business Development Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 64.1% Female, 35.9% |
| Race ratio | Black or African American, 6.1% Unknown, 4.3% Hispanic or Latino, 15.0% Asian, 6.3% White, 67.8% 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% |