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The differences between senior advisors and business development specialists 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 $57,410 average annual salary of a business development specialist.
The top three skills for a senior advisor include healthcare, project management and risk management. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Senior Advisor | Business Development Specialist | |
| Yearly salary | $119,558 | $57,410 |
| Hourly rate | $57.48 | $27.60 |
| Growth rate | 10% | 10% |
| Number of jobs | 45,673 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 73% |
| 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 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.
Senior advisors and business development specialists have different pay scales, as shown below.
| Senior Advisor | Business Development Specialist | |
| Average salary | $119,558 | $57,410 |
| Salary range | Between $87,000 And $162,000 | Between $38,000 And $85,000 |
| Highest paying City | Richmond, CA | Jersey City, NJ |
| Highest paying state | California | Wisconsin |
| Best paying company | Kirkland & Ellis | Corsair |
| Best paying industry | Professional | Finance |
There are a few differences between a senior advisor and a business development specialist in terms of educational background:
| Senior Advisor | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between senior advisors' and business development specialists' demographics:
| Senior Advisor | Business Development Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 68.2% Female, 31.8% | 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% |