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The differences between new business development and business development coordinators can be seen in a few details. Each job has different responsibilities and duties. Additionally, a new business development has an average salary of $84,261, which is higher than the $58,362 average annual salary of a business development coordinator.
The top three skills for a new business development include senior level management, business development and CRM. The most important skills for a business development coordinator are customer service, CRM, and patients.
| New Business Development | Business Development Coordinator | |
| Yearly salary | $84,261 | $58,362 |
| Hourly rate | $40.51 | $28.06 |
| Growth rate | 10% | 19% |
| Number of jobs | 197,789 | 133,973 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Average age | 39 | 44 |
| Years of experience | 10 | - |
New business development focuses on new business opportunities and new product innovation, including product design, business model design, and marketing. This includes a wide scope of responsibilities that includes marketing planning, strategic partnerships, and increased profitability. It is the responsibility of new business development agents to be aware of new market opportunities, possibilities for expansion, competitor product developments, and the company's current sources of revenue. This job can be summarized as the source of ideas, initiatives, and activities aimed in the direction of making a business better.
A business development coordinator specializes in devising strategies to identify and develop new sales and marketing opportunities, ensuring profitable growth and a strong client base. Their responsibilities revolve around gathering data, conducting research and analysis, organizing conferences and other events, maintaining records and data, and disseminating information such as proposals, memos, instructional documents, and more. There are also instances when a business development coordinator must liaise with clients and external agencies, even respond to calls and correspondence from customers.
New business development and business development coordinators have different pay scales, as shown below.
| New Business Development | Business Development Coordinator | |
| Average salary | $84,261 | $58,362 |
| Salary range | Between $57,000 And $122,000 | Between $38,000 And $87,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | Pennsylvania |
| Best paying company | Citi | Evernote |
| Best paying industry | Technology | Professional |
There are a few differences between a new business development and a business development coordinator in terms of educational background:
| New Business Development | Business Development Coordinator | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between new business development' and business development coordinators' demographics:
| New Business Development | Business Development Coordinator | |
| Average age | 39 | 44 |
| Gender ratio | Male, 63.2% Female, 36.8% | Male, 31.5% Female, 68.5% |
| 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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 10% | 11% |