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The differences between business planners and business advisors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business planner has an average salary of $119,250, which is higher than the $96,469 average annual salary of a business advisor.
The top three skills for a business planner include data analysis, strong analytical and financial analysis. The most important skills for a business advisor are customer service, project management, and business operations.
| Business Planner | Business Advisor | |
| Yearly salary | $119,250 | $96,469 |
| Hourly rate | $57.33 | $46.38 |
| Growth rate | 4% | 6% |
| Number of jobs | 60,241 | 125,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Average age | 42 | 44 |
| Years of experience | 2 | - |
A business planner specializes in developing and implementing business plans and procedures. Their job entails conducting extensive research and analyses to identify key business participants, determine the strengths and weaknesses of existing operations, and find new business opportunities. They also perform risk assessments, address potential operational costs, and identify issues and concerns, resolving them promptly and efficiently. Through their research findings, a business planner develops strategies to optimize operations and prevent significant losses when problems arise, helping the company run smoothly and efficiently.
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 planners and business advisors have different pay scales, as shown below.
| Business Planner | Business Advisor | |
| Average salary | $119,250 | $96,469 |
| Salary range | Between $85,000 And $166,000 | Between $67,000 And $138,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Alaska | New Jersey |
| Best paying company | Pacific Gas and Electric | Amazon |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a business planner and a business advisor in terms of educational background:
| Business Planner | Business Advisor | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between business planners' and business advisors' demographics:
| Business Planner | Business Advisor | |
| Average age | 42 | 44 |
| Gender ratio | Male, 58.7% Female, 41.3% | Male, 63.9% Female, 36.1% |
| Race ratio | Black or African American, 4.8% Unknown, 4.7% Hispanic or Latino, 12.6% Asian, 9.5% White, 67.6% American Indian and Alaska Native, 0.8% | 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 | 13% | 11% |