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The differences between senior consultants, business development and business development associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior consultant, business development has an average salary of $104,556, which is higher than the $65,126 average annual salary of a business development associate.
The top three skills for a senior consultant, business development include SQL, healthcare and project management. The most important skills for a business development associate are customer service, powerpoint, and project management.
| Senior Consultant, Business Development | Business Development Associate | |
| Yearly salary | $104,556 | $65,126 |
| Hourly rate | $50.27 | $31.31 |
| Growth rate | 7% | 10% |
| Number of jobs | 124,778 | 141,089 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 78% |
| Average age | 45 | 44 |
| Years of experience | 4 | - |
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 associate's role is to develop strategies to boost a company's sales and overall growth. They are primarily responsible for conducting research and analysis to identify clients' needs, participate in creating business plans and products, and produce progress reports and presentations. A business development associate must also maintain a database of customer information, arrange meetings between clients, coordinate with marketing staff, and assist in negotiations. Furthermore, it is essential to adhere to the policies and standards of the company.
Senior consultants, business development and business development associates have different pay scales, as shown below.
| Senior Consultant, Business Development | Business Development Associate | |
| Average salary | $104,556 | $65,126 |
| Salary range | Between $81,000 And $133,000 | Between $39,000 And $106,000 |
| Highest paying City | Burbank, CA | Greenwich, CT |
| Highest paying state | Alaska | Connecticut |
| Best paying company | Dell | Kirkland & Ellis |
| Best paying industry | Professional | Automotive |
There are a few differences between a senior consultant, business development and a business development associate in terms of educational background:
| Senior Consultant, Business Development | Business Development Associate | |
| 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 associates' demographics:
| Senior Consultant, Business Development | Business Development Associate | |
| Average age | 45 | 44 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 54.5% Female, 45.5% |
| 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, 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 | 18% | 11% |