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The differences between pricing specialists and business developers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business developer has an average salary of $101,635, which is higher than the $73,472 average annual salary of a pricing specialist.
The top three skills for a pricing specialist include powerpoint, work ethic and pricing strategy. The most important skills for a business developer are healthcare, CRM, and customer service.
| Pricing Specialist | Business Developer | |
| Yearly salary | $73,472 | $101,635 |
| Hourly rate | $35.32 | $48.86 |
| Growth rate | 19% | 10% |
| Number of jobs | 58,317 | 193,469 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A pricing specialist is responsible for determining the appropriate pricing and value of the company's goods and services by analyzing the market trends and performing data and statistical analysis. Pricing specialists manage the pricing policies of an organization adhering to the business requirements and state regulations. They adjust pricing strategies according to public and market demands and coordinate with the marketing and sales team to inform and disseminate pricing adjustments to the customers and clients.
A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.
Pricing specialists and business developers have different pay scales, as shown below.
| Pricing Specialist | Business Developer | |
| Average salary | $73,472 | $101,635 |
| Salary range | Between $48,000 And $111,000 | Between $66,000 And $156,000 |
| Highest paying City | Reno, NV | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Nokia | Apple |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a pricing specialist and a business developer in terms of educational background:
| Pricing Specialist | Business Developer | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between pricing specialists' and business developers' demographics:
| Pricing Specialist | Business Developer | |
| Average age | 44 | 44 |
| Gender ratio | Male, 36.8% Female, 63.2% | Male, 65.8% Female, 34.2% |
| Race ratio | 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% | 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 | 11% | 11% |