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The differences between senior consultants, business development and business development consultants 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 $85,153 average annual salary of a business development consultant.
The top three skills for a senior consultant, business development include SQL, healthcare and project management. The most important skills for a business development consultant are healthcare, CRM, and cloud.
| Senior Consultant, Business Development | Business Development Consultant | |
| Yearly salary | $104,556 | $85,153 |
| Hourly rate | $50.27 | $40.94 |
| Growth rate | 7% | 6% |
| Number of jobs | 124,778 | 168,111 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| 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.
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Senior consultants, business development and business development consultants have different pay scales, as shown below.
| Senior Consultant, Business Development | Business Development Consultant | |
| Average salary | $104,556 | $85,153 |
| Salary range | Between $81,000 And $133,000 | Between $52,000 And $137,000 |
| Highest paying City | Burbank, CA | Minneapolis, MN |
| Highest paying state | Alaska | Pennsylvania |
| Best paying company | Dell | Veeva Systems |
| Best paying industry | Professional | Media |
There are a few differences between a senior consultant, business development and a business development consultant in terms of educational background:
| Senior Consultant, Business Development | Business Development Consultant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Western Carolina University |
Here are the differences between senior consultants, business development' and business development consultants' demographics:
| Senior Consultant, Business Development | Business Development Consultant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 64.1% Female, 35.9% |
| 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% |