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The differences between senior consultants, business development and senior business consultants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a senior consultant, business development and a senior business consultant. Additionally, a senior business consultant has an average salary of $105,184, 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 senior business consultant are data analysis, healthcare, and project management.
| Senior Consultant, Business Development | Senior Business Consultant | |
| Yearly salary | $104,556 | $105,184 |
| Hourly rate | $50.27 | $50.57 |
| Growth rate | 7% | 11% |
| Number of jobs | 124,778 | 144,929 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Average age | 45 | 44 |
| Years of experience | 4 | 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 senior business consultant specializes in performing research and analysis to optimize business processes. Their responsibilities revolve around coordinating with different departments to gather necessary data, devising strategies to reduce cost, assess risks, and identify the strength and weaknesses of operations to recommend solutions. They may also train and mentor junior consultants, produce progress reports and presentations, and assist clients through calls and correspondence. Furthermore, as a consultant, it is essential to adhere to the company's policies and regulations, including its vision and mission.
Senior consultants, business development and senior business consultants have different pay scales, as shown below.
| Senior Consultant, Business Development | Senior Business Consultant | |
| Average salary | $104,556 | $105,184 |
| Salary range | Between $81,000 And $133,000 | Between $81,000 And $136,000 |
| Highest paying City | Burbank, CA | Jersey City, NJ |
| Highest paying state | Alaska | New Jersey |
| Best paying company | Dell | Anaplan |
| Best paying industry | Professional | Professional |
There are a few differences between a senior consultant, business development and a senior business consultant in terms of educational background:
| Senior Consultant, Business Development | Senior Business Consultant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between senior consultants, business development' and senior business consultants' demographics:
| Senior Consultant, Business Development | Senior Business Consultant | |
| Average age | 45 | 44 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 69.2% Female, 30.8% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 18% | 12% |