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The differences between senior advisors and business developers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior advisor has an average salary of $119,558, which is higher than the $101,635 average annual salary of a business developer.
The top three skills for a senior advisor include healthcare, project management and risk management. The most important skills for a business developer are healthcare, CRM, and customer service.
| Senior Advisor | Business Developer | |
| Yearly salary | $119,558 | $101,635 |
| Hourly rate | $57.48 | $48.86 |
| Growth rate | 10% | 10% |
| Number of jobs | 45,673 | 193,469 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 72% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A senior advisor's responsibilities will vary on the type of industry where one is involved. However, most of it will revolve around sharing extensive expertise and knowledge that is vital in a company's decision-making processes. A senior advisor must also conduct research and analysis, inspect issues, implement policies, and devise strategies that will benefit the company. Furthermore, as a senior advisor, they may have the task of mentoring less experienced professionals in their joint effort to bring more profit and significant results to the company.
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.
Senior advisors and business developers have different pay scales, as shown below.
| Senior Advisor | Business Developer | |
| Average salary | $119,558 | $101,635 |
| Salary range | Between $87,000 And $162,000 | Between $66,000 And $156,000 |
| Highest paying City | Richmond, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Kirkland & Ellis | Apple |
| Best paying industry | Professional | Manufacturing |
There are a few differences between a senior advisor and a business developer in terms of educational background:
| Senior Advisor | Business Developer | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between senior advisors' and business developers' demographics:
| Senior Advisor | Business Developer | |
| Average age | 44 | 44 |
| Gender ratio | Male, 68.2% Female, 31.8% | 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% |