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The differences between business executives and business development specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business executive has an average salary of $63,101, which is higher than the $57,410 average annual salary of a business development specialist.
The top three skills for a business executive include customer service, customer satisfaction and revenue growth. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Business Executive | Business Development Specialist | |
| Yearly salary | $63,101 | $57,410 |
| Hourly rate | $30.34 | $27.60 |
| Growth rate | 6% | 10% |
| Number of jobs | 138,097 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| 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.
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 executives and business development specialists have different pay scales, as shown below.
| Business Executive | Business Development Specialist | |
| Average salary | $63,101 | $57,410 |
| Salary range | Between $29,000 And $135,000 | Between $38,000 And $85,000 |
| Highest paying City | Albany, NY | Jersey City, NJ |
| Highest paying state | New York | Wisconsin |
| Best paying company | The Walt Disney Company | Corsair |
| Best paying industry | - | Finance |
There are a few differences between a business executive and a business development specialist in terms of educational background:
| Business Executive | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between business executives' and business development specialists' demographics:
| Business Executive | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 50.7% Female, 49.3% |
| 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% |