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The differences between product specialists and business specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a product specialist has an average salary of $85,932, which is higher than the $73,521 average annual salary of a business specialist.
The top three skills for a product specialist include customer service, product knowledge and sales floor. The most important skills for a business specialist are patients, customer service, and product knowledge.
| Product Specialist | Business Specialist | |
| Yearly salary | $85,932 | $73,521 |
| Hourly rate | $41.31 | $35.35 |
| Growth rate | 19% | 4% |
| Number of jobs | 103,863 | 95,909 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 65% |
| Average age | 37 | 44 |
| Years of experience | 6 | - |
A product specialist is required to have excellent knowledge about a product and work with a business unit to ensure excellent product delivery. Product specialists perform product demonstrations to customers and other stakeholders and assist in their promotions and product releases. To gain increased revenue, product specialists must be able to identify new market opportunities. They are required to conduct product and sales training for the marketing team. They must also provide reports about their product-related activities to the management.
A business specialist's role is to perform research and analysis to determine the company's strengths and weaknesses, aiming to improve and develop areas for optimal performance. Their responsibilities revolve around coordinating with different departments to gather relevant data, identifying new opportunities and ways to meet clients' needs, devising strategies and programs for profit growth, and developing new processes for business efficiency. Furthermore, it is essential to provide corrective measures on various issues and concerns, all while implementing the company's policies and regulations.
Product specialists and business specialists have different pay scales, as shown below.
| Product Specialist | Business Specialist | |
| Average salary | $85,932 | $73,521 |
| Salary range | Between $56,000 And $130,000 | Between $44,000 And $120,000 |
| Highest paying City | San Bruno, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | ByteDance | BP America Inc |
| Best paying industry | Technology | - |
There are a few differences between a product specialist and a business specialist in terms of educational background:
| Product Specialist | Business Specialist | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Western Carolina University |
Here are the differences between product specialists' and business specialists' demographics:
| Product Specialist | Business Specialist | |
| Average age | 37 | 44 |
| Gender ratio | Male, 59.8% Female, 40.2% | Male, 48.1% Female, 51.9% |
| Race ratio | Black or African American, 5.2% Unknown, 5.0% Hispanic or Latino, 12.5% Asian, 10.6% White, 66.6% American Indian and Alaska Native, 0.1% | 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% |