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The differences between senior consultants, business development and business development sales 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 sales manager takes usually requires 6-8 years. Additionally, a business development sales manager has an average salary of $111,309, which is higher than the $104,556 average annual salary of a senior consultant, business development.
The top three skills for a senior consultant, business development include SQL, healthcare and project management. The most important skills for a business development sales manager are business development, customer service, and CRM.
| Senior Consultant, Business Development | Business Development Sales Manager | |
| Yearly salary | $104,556 | $111,309 |
| Hourly rate | $50.27 | $53.51 |
| Growth rate | 7% | 5% |
| Number of jobs | 124,778 | 181,115 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| 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 sales manager is in charge of securing sales by reaching out to clients through calls, correspondence, or appointments. Their responsibilities often revolve around performing research and analysis to identify new leads and sales opportunities, offering different products and services, and creating proposals and price quotes for potential clients. A business development sales manager may also tailor payment plans, process billing, participate in various marketing initiatives, and produce progress reports. Furthermore, it is essential to ensure customer satisfaction and build positive relationships to strengthen the company's client base.
Senior consultants, business development and business development sales managers have different pay scales, as shown below.
| Senior Consultant, Business Development | Business Development Sales Manager | |
| Average salary | $104,556 | $111,309 |
| Salary range | Between $81,000 And $133,000 | Between $68,000 And $179,000 |
| Highest paying City | Burbank, CA | San Francisco, CA |
| Highest paying state | Alaska | Pennsylvania |
| Best paying company | Dell | Avient |
| Best paying industry | Professional | Professional |
There are a few differences between a senior consultant, business development and a business development sales manager in terms of educational background:
| Senior Consultant, Business Development | Business Development Sales Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| 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 sales managers' demographics:
| Senior Consultant, Business Development | Business Development Sales Manager | |
| Average age | 45 | 46 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 74.3% Female, 25.7% |
| 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% |