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The differences between business planning analysts and business development analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a business planning analyst and a business development analyst. Additionally, a business planning analyst has an average salary of $75,822, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a business planning analyst include project management, HR and financial analysis. The most important skills for a business development analyst are business development, market research, and project management.
| Business Planning Analyst | Business Development Analyst | |
| Yearly salary | $75,822 | $59,867 |
| Hourly rate | $36.45 | $28.78 |
| Growth rate | 11% | 11% |
| Number of jobs | 146,438 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A business planning analyst specializes in performing research and analysis to develop business plans and models, ensuring efficiency and profitability. Their responsibilities revolve around devising strategies to improve existing systems and procedures, coordinating with different departments to gather data, determining areas needing improvement, and identifying new market and sales opportunities. Furthermore, a business planning analyst may perform clerical tasks such as creating presentations, producing progress reports, maintaining records of all research and data, and managing budgets and expenditures.
A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
Business planning analysts and business development analysts have different pay scales, as shown below.
| Business Planning Analyst | Business Development Analyst | |
| Average salary | $75,822 | $59,867 |
| Salary range | Between $57,000 And $100,000 | Between $39,000 And $91,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Meta | Microsoft |
| Best paying industry | Finance | Technology |
There are a few differences between a business planning analyst and a business development analyst in terms of educational background:
| Business Planning Analyst | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business planning analysts' and business development analysts' demographics:
| Business Planning Analyst | Business Development Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 61.1% Female, 38.9% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |