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The differences between commercial analysts and business development analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a commercial analyst, becoming a business development analyst takes usually requires 2-4 years. Additionally, a commercial analyst has an average salary of $83,036, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a commercial analyst include portfolio, data analysis and financial statements. The most important skills for a business development analyst are business development, market research, and project management.
| Commercial Analyst | Business Development Analyst | |
| Yearly salary | $83,036 | $59,867 |
| Hourly rate | $39.92 | $28.78 |
| Growth rate | 9% | 11% |
| Number of jobs | 54,953 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| Average age | 39 | 44 |
| Years of experience | 2 | 4 |
A commercial analyst is responsible for evaluating the performance of business operations in the market, including consumer demands and sales analysis. Commercial analysts monitor the market trends, identifying business opportunities that would generate more revenue resources for the business, as well as developing strategic approaches to attract potential clients and maintain long-lasting business relationships. They also manage the company's financial stability, reviewing competitors' activities, and recommending methods to maximize production operations and achieve the highest customer satisfaction.
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.
Commercial analysts and business development analysts have different pay scales, as shown below.
| Commercial Analyst | Business Development Analyst | |
| Average salary | $83,036 | $59,867 |
| Salary range | Between $60,000 And $114,000 | 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 | Energy | Technology |
There are a few differences between a commercial analyst and a business development analyst in terms of educational background:
| Commercial Analyst | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between commercial analysts' and business development analysts' demographics:
| Commercial Analyst | Business Development Analyst | |
| Average age | 39 | 44 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 61.1% Female, 38.9% |
| Race ratio | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.5% American Indian and Alaska Native, 0.3% | 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 | 11% | 12% |