Post job

Commercial specialist vs business development specialist

The differences between commercial specialists and business development specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business development specialist has an average salary of $57,410, which is higher than the $55,619 average annual salary of a commercial specialist.

The top three skills for a commercial specialist include customer service, portfolio and commercial loans. The most important skills for a business development specialist are work ethic, CRM, and customer service.

Commercial specialist vs business development specialist overview

Commercial SpecialistBusiness Development Specialist
Yearly salary$55,619$57,410
Hourly rate$26.74$27.60
Growth rate11%10%
Number of jobs48,979182,116
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 73%
Average age4444
Years of experience4-

What does a commercial specialist do?

Commercial specialists are professional analysts who assist their firms by developing marketing strategies, identifying business opportunities to provide data for reporting, planning, and executing trade events. These specialists investigate and write recommendations to match businesses and resolve sensitive trade complaints. Their list of responsibilities includes organizing events or meetings, supervising contractors, preparing promotional and briefing materials, and a lot more. When the events, products, and services are assigned, they follow up with their clients about them to determine their success accurately.

What does a business development specialist do?

A business development specialist is an expert who determines opportunities for marketing strategy optimization and business growth. The specialists perform business process and financial analysis, effective network creation, and business plan implementation. Being a good business development specialist requires knowledge and experience in managing a business. The skillset for the position includes a strong command in English, information technology, attention to detail, and written and verbal communication.

Commercial specialist vs business development specialist salary

Commercial specialists and business development specialists have different pay scales, as shown below.

Commercial SpecialistBusiness Development Specialist
Average salary$55,619$57,410
Salary rangeBetween $31,000 And $97,000Between $38,000 And $85,000
Highest paying CityMenlo Park, CAJersey City, NJ
Highest paying stateWashingtonWisconsin
Best paying companyBain & CompanyCorsair
Best paying industryTransportationFinance

Differences between commercial specialist and business development specialist education

There are a few differences between a commercial specialist and a business development specialist in terms of educational background:

Commercial SpecialistBusiness Development Specialist
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityWestern Carolina University

Commercial specialist vs business development specialist demographics

Here are the differences between commercial specialists' and business development specialists' demographics:

Commercial SpecialistBusiness Development Specialist
Average age4444
Gender ratioMale, 52.7% Female, 47.3%Male, 50.7% Female, 49.3%
Race ratioBlack or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 9.8% White, 68.0% American Indian and Alaska Native, 0.2%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 Percentage12%11%

Differences between commercial specialist and business development specialist duties and responsibilities

Commercial specialist example responsibilities.

  • Develop service proposals to gain new profitable accounts by utilizing CRM to manage and retain sales.
  • Manage customer negotiation processes and improve various existing work process flows.
  • Analyze and support development and execution of underwriting, automation and operational strategies to efficiently and effectively manage the portfolio.
  • Maintain existing customers by utilizing creative problem solving and negotiation skills to resolve customer issues.
  • Utilize CRM software to build rapport and business relationships with key account managers in local business entities throughout the area.
  • Follow loan from origination to closings.
  • Show more

Business development specialist example responsibilities.

  • Utilize a number of sales tools such as SalesForce to manage pipeline.
  • Develop and manage all SEO, SEM, and all social media platforms and authore all content.
  • Manage and coordinate a successful implementation of a cloud-base ERP system.
  • Manage logistics, control engineering and design, order placement, vendor relationships, customer utilization and technology.
  • Take inbound and make some outbound calls as necessary to assist customers with billing, account information and troubleshoot technical issues.
  • Experience connecting databases in SQL with the software application.
  • Show more

Commercial specialist vs business development specialist skills

Common commercial specialist skills
  • Customer Service, 32%
  • Portfolio, 15%
  • Commercial Loans, 5%
  • Real Estate, 5%
  • Product Knowledge, 4%
  • Booking, 4%
Common business development specialist skills
  • Work Ethic, 10%
  • CRM, 9%
  • Customer Service, 7%
  • Healthcare, 6%
  • Sales Process, 4%
  • Salesforce, 4%

Browse business and financial jobs