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The differences between business specialists and funding 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 $43,459 average annual salary of a funding specialist.
The top three skills for a business specialist include patients, customer service and product knowledge. The most important skills for a funding specialist are data entry, excellent organizational, and ACH.
| Business Specialist | Funding Specialist | |
| Yearly salary | $73,521 | $43,459 |
| Hourly rate | $35.35 | $20.89 |
| Growth rate | 4% | -3% |
| Number of jobs | 95,909 | 47,806 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 61% |
| Average age | 44 | 44 |
| Years of experience | - | - |
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.
A Funding Specialist is in charge of facilitating the funding procedures of a company. They mainly function by identifying the funding needs of projects and programs, conducting extensive research and analyses, and developing plans and strategies to secure funding, all while adhering to the company's policies and regulations. Moreover, aside from planning, a funding specialist is also responsible for liaising with internal and external parties, establishing budget guidelines, preparing and processing documents, and resolving issues promptly and efficiently should any arise.
Business specialists and funding specialists have different pay scales, as shown below.
| Business Specialist | Funding Specialist | |
| Average salary | $73,521 | $43,459 |
| Salary range | Between $44,000 And $120,000 | Between $30,000 And $62,000 |
| Highest paying City | Seattle, WA | Urban Honolulu, HI |
| Highest paying state | Washington | Hawaii |
| Best paying company | BP America Inc | Northern Trust |
| Best paying industry | - | Finance |
There are a few differences between a business specialist and a funding specialist in terms of educational background:
| Business Specialist | Funding Specialist | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between business specialists' and funding specialists' demographics:
| Business Specialist | Funding Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 48.1% Female, 51.9% | Male, 36.9% Female, 63.1% |
| 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% |