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The differences between senior consultants, business development and business development executives 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 executive takes usually requires 8-10 years. Additionally, a senior consultant, business development has an average salary of $104,556, which is higher than the $97,871 average annual salary of a business development executive.
The top three skills for a senior consultant, business development include SQL, healthcare and project management. The most important skills for a business development executive are business development, digital transformation, and customer service.
| Senior Consultant, Business Development | Business Development Executive | |
| Yearly salary | $104,556 | $97,871 |
| Hourly rate | $50.27 | $47.05 |
| Growth rate | 7% | 10% |
| Number of jobs | 124,778 | 189,950 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Average age | 45 | 39 |
| Years of experience | 4 | 10 |
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 executive serves as a senior manager who drives company sales. Business development executives convince existing clients to buy more offerings and also source new clients. The focus of their job is on lead generation, prospect management, and customer acquisition. They collaborate with management in terms of sales objectives, planning, and prediction. The skills necessary for this job include customer service and relations, time management, strong written communication, and sales process experience.
Senior consultants, business development and business development executives have different pay scales, as shown below.
| Senior Consultant, Business Development | Business Development Executive | |
| Average salary | $104,556 | $97,871 |
| Salary range | Between $81,000 And $133,000 | Between $64,000 And $149,000 |
| Highest paying City | Burbank, CA | Phoenix, AZ |
| Highest paying state | Alaska | Arizona |
| Best paying company | Dell | Clifford Chance |
| Best paying industry | Professional | Pharmaceutical |
There are a few differences between a senior consultant, business development and a business development executive in terms of educational background:
| Senior Consultant, Business Development | Business Development Executive | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between senior consultants, business development' and business development executives' demographics:
| Senior Consultant, Business Development | Business Development Executive | |
| Average age | 45 | 39 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 63.8% Female, 36.2% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 18% | 10% |