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New business coordinator vs business coordinator

The differences between new business coordinators and business coordinators can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business coordinator has an average salary of $49,119, which is higher than the $39,003 average annual salary of a new business coordinator.

The top three skills for a new business coordinator include data entry, customer service and underwriting process. The most important skills for a business coordinator are business development, customer service, and event planning.

New business coordinator vs business coordinator overview

New Business CoordinatorBusiness Coordinator
Yearly salary$39,003$49,119
Hourly rate$18.75$23.61
Growth rate6%-8%
Number of jobs69,99878,259
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 62%
Average age4444
Years of experience--

New business coordinator vs business coordinator salary

New business coordinators and business coordinators have different pay scales, as shown below.

New Business CoordinatorBusiness Coordinator
Average salary$39,003$49,119
Salary rangeBetween $17,000 And $85,000Between $30,000 And $79,000
Highest paying City-Newark, CA
Highest paying state-Hawaii
Best paying company-Exxon Mobil
Best paying industry--

Differences between new business coordinator and business coordinator education

There are a few differences between a new business coordinator and a business coordinator in terms of educational background:

New Business CoordinatorBusiness Coordinator
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

New business coordinator vs business coordinator demographics

Here are the differences between new business coordinators' and business coordinators' demographics:

New Business CoordinatorBusiness Coordinator
Average age4444
Gender ratioMale, 27.8% Female, 72.2%Male, 32.1% Female, 67.9%
Race ratioBlack 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 Percentage11%11%

Differences between new business coordinator and business coordinator duties and responsibilities

New business coordinator example responsibilities.

  • Manage team negotiating rates with underwriters and oversee the entire RFP process by advancing sales leads -respond to questionnaires and proposals.
  • Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
  • Present new attorney orientation PowerPoint and conference calls and answer all on-boarding questions.
  • Create PowerPoint decks for department presentations.
  • Support service-related duties and responsibilities as needed to include analyzing RFP materials and offering comparable plan designs.
  • Verify insurance, process payments and maintain patients records securely and handle in compliance with HIPPA privacy and security regulations.
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Business coordinator example responsibilities.

  • Manage client and prospect database for marketing purposes through Salesforce.com.
  • Establish and maintain company's Facebook page.
  • Process new business contracts for variable and fix annuities.
  • Ensure that customer needs are met after purchasing annuities, by reviewing all documents present.
  • Maintain organization's Facebook page.
  • Verify insurance information and explain benefits to patients.
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New business coordinator vs business coordinator skills

Common new business coordinator skills
  • Data Entry, 14%
  • Customer Service, 12%
  • Underwriting Process, 6%
  • Life Insurance Policies, 5%
  • Business Development, 5%
  • Insurance Carriers, 5%
Common business coordinator skills
  • Business Development, 12%
  • Customer Service, 11%
  • Event Planning, 10%
  • Customer Satisfaction, 8%
  • Flyers, 6%
  • PowerPoint, 6%

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