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The differences between pricing specialists and business development specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a pricing specialist has an average salary of $73,472, which is higher than the $57,410 average annual salary of a business development specialist.
The top three skills for a pricing specialist include powerpoint, work ethic and pricing strategy. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Pricing Specialist | Business Development Specialist | |
| Yearly salary | $73,472 | $57,410 |
| Hourly rate | $35.32 | $27.60 |
| Growth rate | 19% | 10% |
| Number of jobs | 58,317 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 73% |
| 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 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.
Pricing specialists and business development specialists have different pay scales, as shown below.
| Pricing Specialist | Business Development Specialist | |
| Average salary | $73,472 | $57,410 |
| Salary range | Between $48,000 And $111,000 | Between $38,000 And $85,000 |
| Highest paying City | Reno, NV | Jersey City, NJ |
| Highest paying state | Connecticut | Wisconsin |
| Best paying company | Nokia | Corsair |
| Best paying industry | Finance | Finance |
There are a few differences between a pricing specialist and a business development specialist in terms of educational background:
| Pricing Specialist | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between pricing specialists' and business development specialists' demographics:
| Pricing Specialist | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 36.8% Female, 63.2% | Male, 50.7% Female, 49.3% |
| 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% |