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The differences between business strategists and business development analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business strategist, becoming a business development analyst takes usually requires 2-4 years. Additionally, a business strategist has an average salary of $62,796, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a business strategist include project management, digital marketing and client facing. The most important skills for a business development analyst are business development, market research, and project management.
| Business Strategist | Business Development Analyst | |
| Yearly salary | $62,796 | $59,867 |
| Hourly rate | $30.19 | $28.78 |
| Growth rate | 10% | 11% |
| Number of jobs | 100,217 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Average age | 39 | 44 |
| Years of experience | 10 | 4 |
A business strategist is responsible for developing strategic plans that will help improve an organization to reach its goals and targets and improve profitability. You will analyze existing business strategies and practices and provide recommendations for improvements. Other duties include developing product development and marketing strategies, providing direction and motivating staff to complete new projects and implement new tactics, and preparing presentations to clients and corporate investors. As a business strategist, you are also responsible for consulting with management and reviewing staff performance.
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 strategists and business development analysts have different pay scales, as shown below.
| Business Strategist | Business Development Analyst | |
| Average salary | $62,796 | $59,867 |
| Salary range | Between $33,000 And $117,000 | Between $39,000 And $91,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | VMware | Microsoft |
| Best paying industry | - | Technology |
There are a few differences between a business strategist and a business development analyst in terms of educational background:
| Business Strategist | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Northwestern University |
Here are the differences between business strategists' and business development analysts' demographics:
| Business Strategist | Business Development Analyst | |
| Average age | 39 | 44 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 61.1% Female, 38.9% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% 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 | 10% | 12% |