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The differences between senior consultants, business development and heads of business development 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 head of business development takes usually requires 8-10 years. Additionally, a head of business development has an average salary of $134,190, 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 head of business development are cloud, C++, and project management.
| Senior Consultant, Business Development | Head Of Business Development | |
| Yearly salary | $104,556 | $134,190 |
| Hourly rate | $50.27 | $64.51 |
| Growth rate | 7% | 10% |
| Number of jobs | 124,778 | 158,539 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 63% |
| 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 head of business development is responsible for monitoring the company's overall business operations and client transactions. Heads of business development coordinate with clients for their requirements and specifications and develop the team to handle the project management operations. They also handle the budget and resource allocations and ensure that the team meets the deadline and high-quality deliverables on time. Ahead of business development must be regularly updated with the current market trends to identify opportunities that would generate more revenue resources for the business.
Senior consultants, business development and heads of business development have different pay scales, as shown below.
| Senior Consultant, Business Development | Head Of Business Development | |
| Average salary | $104,556 | $134,190 |
| Salary range | Between $81,000 And $133,000 | Between $94,000 And $191,000 |
| Highest paying City | Burbank, CA | Seattle, WA |
| Highest paying state | Alaska | Washington |
| Best paying company | Dell | Meta |
| Best paying industry | Professional | Telecommunication |
There are a few differences between a senior consultant, business development and a head of business development in terms of educational background:
| Senior Consultant, Business Development | Head Of Business Development | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between senior consultants, business development' and heads of business development' demographics:
| Senior Consultant, Business Development | Head Of Business Development | |
| Average age | 45 | 39 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 74.2% Female, 25.8% |
| 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% |