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The differences between senior consultants, business development and business development specialists 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 $57,410 average annual salary of a business development specialist.
The top three skills for a senior consultant, business development include SQL, healthcare and project management. The most important skills for a business development specialist are work ethic, CRM, and customer service.
| Senior Consultant, Business Development | Business Development Specialist | |
| Yearly salary | $104,556 | $57,410 |
| Hourly rate | $50.27 | $27.60 |
| Growth rate | 7% | 10% |
| Number of jobs | 124,778 | 182,116 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| 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 specialist is an expert who determines opportunities for marketing strategy optimization and business growth. The specialists perform business process and financial analysis, effective network creation, and business plan implementation. Being a good business development specialist requires knowledge and experience in managing a business. The skillset for the position includes a strong command in English, information technology, attention to detail, and written and verbal communication.
Senior consultants, business development and business development specialists have different pay scales, as shown below.
| Senior Consultant, Business Development | Business Development Specialist | |
| Average salary | $104,556 | $57,410 |
| Salary range | Between $81,000 And $133,000 | Between $38,000 And $85,000 |
| Highest paying City | Burbank, CA | Jersey City, NJ |
| Highest paying state | Alaska | Wisconsin |
| Best paying company | Dell | Corsair |
| Best paying industry | Professional | Finance |
There are a few differences between a senior consultant, business development and a business development specialist in terms of educational background:
| Senior Consultant, Business Development | Business Development Specialist | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| 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 specialists' demographics:
| Senior Consultant, Business Development | Business Development Specialist | |
| Average age | 45 | 44 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 50.7% Female, 49.3% |
| 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% |