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The differences between senior consultants, business development and business development 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 manager takes usually requires 8-10 years. Additionally, a senior consultant, business development has an average salary of $104,556, which is higher than the $100,769 average annual salary of a business development 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 manager are customer service, CRM, and healthcare.
| Senior Consultant, Business Development | Business Development Manager | |
| Yearly salary | $104,556 | $100,769 |
| Hourly rate | $50.27 | $48.45 |
| Growth rate | 7% | 10% |
| Number of jobs | 124,778 | 215,309 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 74% |
| 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 manager's duties include identifying business opportunities, developing effective models and strategies to improve business performance, searching for potential clients to generate income and attract partnerships. A business development manager must have extensive knowledge of the market trends and adjust strategies as needed to meet the needs of the client. Excellent communication, decision-making, critical thinking, and leadership skills are just some of the key factors that business development managers should possess to communicate and negotiate with the clients.
Senior consultants, business development and business development managers have different pay scales, as shown below.
| Senior Consultant, Business Development | Business Development Manager | |
| Average salary | $104,556 | $100,769 |
| Salary range | Between $81,000 And $133,000 | Between $67,000 And $151,000 |
| Highest paying City | Burbank, CA | San Francisco, CA |
| Highest paying state | Alaska | California |
| Best paying company | Dell | Shearman & Sterling |
| Best paying industry | Professional | Finance |
There are a few differences between a senior consultant, business development and a business development manager in terms of educational background:
| Senior Consultant, Business Development | Business Development Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 74% |
| 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 managers' demographics:
| Senior Consultant, Business Development | Business Development Manager | |
| Average age | 45 | 39 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 68.6% Female, 31.4% |
| 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% |