Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between market development specialists and marketing analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a market development specialist and a marketing analyst. Additionally, a marketing analyst has an average salary of $59,380, which is higher than the $58,991 average annual salary of a market development specialist.
The top three skills for a market development specialist include market development, healthcare and heart failure. The most important skills for a marketing analyst are digital marketing, SQL, and google analytics.
| Market Development Specialist | Marketing Analyst | |
| Yearly salary | $58,991 | $59,380 |
| Hourly rate | $28.36 | $28.55 |
| Growth rate | 19% | 19% |
| Number of jobs | 82,421 | 95,650 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 78% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A market development specialist works on different marketing programs and projects to secure sales and premium goals. They develop and execute training strategies and programs, perform market research and analyses to find business opportunities, study the consumers and competitors, and create sales pitches ideal for field operations. They may also reach out directly to clients by calls, emails, or appointments, offer products and services, and establish positive relationships through efficient services. Additionally, a market development specialist oversees every marketing project's progress, producing reports for managers regularly.
A marketing analyst specializes in researching market conditions to develop strategies to boost sales and revenues. They are primarily responsible for analyzing competition and trends, identifying the organization's strengths and weaknesses, and determining potential opportunities. There may also be instances where they must train and lead staff, set goals and budgets, and produce presentations and reports. Furthermore, as a marketing analyst, they must share their expertise for the company's benefit while adhering to its vision and mission.
Market development specialists and marketing analysts have different pay scales, as shown below.
| Market Development Specialist | Marketing Analyst | |
| Average salary | $58,991 | $59,380 |
| Salary range | Between $39,000 And $87,000 | Between $41,000 And $84,000 |
| Highest paying City | Wilmington, DE | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | Amazon | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a market development specialist and a marketing analyst in terms of educational background:
| Market Development Specialist | Marketing Analyst | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between market development specialists' and marketing analysts' demographics:
| Market Development Specialist | Marketing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 59.6% Female, 40.4% | Male, 47.3% Female, 52.7% |
| Race ratio | Black or African American, 5.2% Unknown, 5.0% Hispanic or Latino, 12.4% Asian, 9.6% White, 67.6% American Indian and Alaska Native, 0.1% | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.2% White, 64.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |