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The differences between senior consultants, business development and senior 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 senior business development manager takes usually requires 8-10 years. Additionally, a senior business development manager has an average salary of $129,638, 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 development manager are healthcare, cloud, and business relationships.
| Senior Consultant, Business Development | Senior Business Development Manager | |
| Yearly salary | $104,556 | $129,638 |
| Hourly rate | $50.27 | $62.33 |
| Growth rate | 7% | 10% |
| Number of jobs | 124,778 | 204,172 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| 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.
As senior business development manager is mainly responsible for creating and maintaining solid relationships and making business decisions. They do plan ways to grow the business, find areas of client needs, manage business negotiations, and review and approve other business decisions. It is expected in their job to seamlessly complete target deadlines and delegate tasks to subordinates. Moreover, they should be able to have good working relationships with employees and clients, so good communication and interpersonal skills are necessary.
Senior consultants, business development and senior business development managers have different pay scales, as shown below.
| Senior Consultant, Business Development | Senior Business Development Manager | |
| Average salary | $104,556 | $129,638 |
| Salary range | Between $81,000 And $133,000 | Between $94,000 And $178,000 |
| Highest paying City | Burbank, CA | Seattle, WA |
| Highest paying state | Alaska | Washington |
| Best paying company | Dell | Shearman & Sterling |
| Best paying industry | Professional | Manufacturing |
There are a few differences between a senior consultant, business development and a senior business development manager in terms of educational background:
| Senior Consultant, Business Development | Senior Business Development Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between senior consultants, business development' and senior business development managers' demographics:
| Senior Consultant, Business Development | Senior Business Development Manager | |
| Average age | 45 | 39 |
| Gender ratio | Male, 71.8% Female, 28.2% | Male, 74.8% Female, 25.2% |
| 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% |