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The differences between senior consultants, business development and business development account managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a senior consultant, business development, becoming a business development account manager takes usually requires 6-8 years. Additionally, a senior consultant, business development has an average salary of $104,556, which is higher than the $99,209 average annual salary of a business development account manager.
The top three skills for a senior consultant, business development include SQL, healthcare and project management. The most important skills for a business development account manager are business development, customer service, and customer relationships.
| Senior Consultant, Business Development | Business Development Account Manager | |
| Yearly salary | $104,556 | $99,209 |
| Hourly rate | $50.27 | $47.70 |
| Growth rate | 7% | 5% |
| Number of jobs | 124,778 | 222,573 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 78% |
| Average age | 45 | 46 |
| Years of experience | 4 | 8 |
Senior Business Development Consultants are responsible for recruiting independent financial advisors and helping advisors look for assets. Their value is determined through business consultations and understanding the workings of financial practice. Their experience should allow them to know how to recruit the best independent financial advisors and communicate with them. Senior Business Development Consultants are committed to a sound recruiting routine, persistency, and the ability to close deals using any communication channel.
A business development account manager is in charge of developing strategies to identify new business and client opportunities, ensuring sales growth and customer satisfaction. They typically perform research and analysis to gather data, coordinate with analysts and experts, produce sales and progress reports, and maintain records of all transactions. Furthermore, a business development account manager must build positive relationships with clients and secure sales by reaching out to customers through calls, correspondence, or appointments. They may offer products and services, process payments, and handle inquiries or concerns.
Senior consultants, business development and business development account managers have different pay scales, as shown below.
| Senior Consultant, Business Development | Business Development Account Manager | |
| Average salary | $104,556 | $99,209 |
| Salary range | Between $81,000 And $133,000 | Between $57,000 And $170,000 |
| Highest paying City | Burbank, CA | San Francisco, CA |
| Highest paying state | Alaska | New Hampshire |
| Best paying company | Dell | Meta |
| Best paying industry | Professional | - |
There are a few differences between a senior consultant, business development and a business development account manager in terms of educational background:
| Senior Consultant, Business Development | Business Development Account Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Southern California |
Here are the differences between senior consultants, business development' and business development account managers' demographics:
| Senior Consultant, Business Development | Business Development Account Manager | |
| Average age | 45 | 46 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 62.4% Female, 37.6% |
| Race ratio | Black or African American, 11.2% Unknown, 5.4% Hispanic or Latino, 15.9% Asian, 4.1% White, 62.9% American Indian and Alaska Native, 0.5% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 18% | 7% |