What does a business development analyst do?
A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
Business development analyst responsibilities
Here are examples of responsibilities from real business development analyst resumes:
- Lead work group sessions and JAD sessions with researchers, SME and functional leads.
- Manage software tradeoffs utilize C++, JAVA, UNIX and UML in all development activities.
- Manage UAT process by creating test plan, developing use cases, training test users and maintaining issues log.
- Cataloge potential leads into a CRM system and interpret analysis.
- Help drive business decisions with data analysis using SQL and customer and sales data.
- Guide online and offline marketing campaign set-up and A/B testing process.
- Create custom controllers implementing complex code for retrieval from SalesForce to VisualForce pages.
- Execute the SQL quires to analyze the system and create the monthly reports.
- Design and deploy the SharePoint custom content types, site columns and lists as features.
- Oversee the overall coding effort, which includes store procedures, the ETL components and DML scripts.
- Create multiple SharePoint site collections using the different templates base on the needs and train the business users.
- Participate in EDI integration project using BizTalk 2004 and BizTalk 2006 from Java base tool to Microsoft .Net BizTalk technology.
- Develop XML schema transformation documentation, procedures and Visio flows for data modelers.
- Collect and document feature specifications for existing application from user community illustrating relationships via Visio.
- Perform impact analysis for database, ETL and reporting modifications and ensure successful implementation by development/support team.
Business development analyst skills and personality traits
We calculated that 15% of Business Development Analysts are proficient in Business Development, Market Research, and Project Management. They’re also known for soft skills such as Interpersonal skills, Problem-solving skills, and Time-management skills.
We break down the percentage of Business Development Analysts that have these skills listed on their resume here:
- Business Development, 15%
Coordinate other business development / communications initiatives
- Market Research, 5%
Vet market research data to ensure validity within parameters defined by criteria including category, location, and sufficient information.
- Project Management, 5%
Provided senior level financial and operational services for high growth start up providing project management services to international wireless communications industry.
- Salesforce, 5%
Organized all relationship information inside SalesForce.com
- CRM, 5%
Collected end user feedback from various surveys to integrate automation changes and implement cross-functional department training for current CRM evaluation.
- Power Bi, 4%
Build the strategic dashboard using Power BI to build the forecasting target and the sales strategy to achieve the goals.
"business development," "market research," and "project management" are among the most common skills that business development analysts use at work. You can find even more business development analyst responsibilities below, including:
Interpersonal skills. To carry out their duties, the most important skill for a business development analyst to have is interpersonal skills. Their role and responsibilities require that "management analysts work with managers and other employees of the organizations for which they provide consulting services." Business development analysts often use interpersonal skills in their day-to-day job, as shown by this real resume: "possess excellent interpersonal, analytical and team building skills with proven ability in delivering the output on time with good quality. "
Problem-solving skills. Another essential skill to perform business development analyst duties is problem-solving skills. Business development analysts responsibilities require that "management analysts must be able to think creatively to solve clients’ problems." Business development analysts also use problem-solving skills in their role according to a real resume snippet: "developed custom solutions for receiving, warehousing and inventory management using excel and vba. "
Time-management skills. Another skill that relates to the job responsibilities of business development analysts is time-management skills. This skill is critical to many everyday business development analyst duties, as "management analysts often work under tight deadlines and must use their time efficiently to complete projects on schedule." This example from a resume shows how this skill is used: "provide on time support for system integration and user acceptance testing for pldw application. "
Analytical skills. For certain business development analyst responsibilities to be completed, the job requires competence in "analytical skills." The day-to-day duties of a business development analyst rely on this skill, as "management analysts must be able to interpret information and use their findings to make proposals." For example, this snippet was taken directly from a resume about how this skill applies to what business development analysts do: "develop microsoft access vba necessary for database automation. "
Communication skills. Another crucial skill for a business development analyst to carry out their responsibilities is "communication skills." A big part of what business development analysts relies on this skill, since "management analysts must be able to convey information clearly in both writing and speaking." How this skill relates to business development analyst duties can be seen in an example from a business development analyst resume snippet: "supported periodic processes, including monthly financial analysis, forecasting and budgeting, along with related coordination and communication. "
The three companies that hire the most business development analysts are:
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Compare different business development analysts
Business development analyst vs. Analyst
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
While similarities exist, there are also some differences between business development analysts and analyst. For instance, business development analyst responsibilities require skills such as "salesforce," "crm," "power bi," and "tableau." Whereas a analyst is skilled in "customer service," "troubleshoot," "management system," and "digital transformation." This is part of what separates the two careers.
Analysts really shine in the technology industry with an average salary of $79,330. Comparatively, business development analysts tend to make the most money in the technology industry with an average salary of $71,825.The education levels that analysts earn slightly differ from business development analysts. In particular, analysts are 5.7% less likely to graduate with a Master's Degree than a business development analyst. Additionally, they're 0.8% more likely to earn a Doctoral Degree.Business development analyst vs. Staff analyst
Staff Analysts are employees who oversee the activities related to the employees. They monitor the performance of the employees and assess whether particular employees suit the role they have. They also assess the current roles in the company to see if those roles are really needed. Staff Analysts ensure that the manpower allocation in the company is efficient. They analyze staff-related data to check whether there are more areas for improvement. Staff Analysts may also be assigned to come up with projects related to improving productivity.
In addition to the difference in salary, there are some other key differences worth noting. For example, business development analyst responsibilities are more likely to require skills like "market research," "salesforce," "crm," and "power bi." Meanwhile, a staff analyst has duties that require skills in areas such as "process improvement," "technical support," "windows," and "sql." These differences highlight just how different the day-to-day in each role looks.
Staff analysts earn a higher average salary than business development analysts. But staff analysts earn the highest pay in the technology industry, with an average salary of $107,444. Additionally, business development analysts earn the highest salaries in the technology with average pay of $71,825 annually.Average education levels between the two professions vary. Staff analysts tend to reach similar levels of education than business development analysts. In fact, they're 2.8% less likely to graduate with a Master's Degree and 0.8% more likely to earn a Doctoral Degree.What technology do you think will become more important and prevalent for Business Development Analysts in the next 3-5 years?
Rebecca Sarver
Lecturer in Human Services Studies, Elmira College
Business development analyst vs. Program analyst
The job of program analysts is to plan, manage, and evaluate a company's computer programs. They usually perform different tasks, including researching and analyzing complex data to identify trends and offer the best recommendations for improvements. Other duties for this position may include creating policies and procedures, monitoring and evaluating program performance, and resolving any issues. This role's skills and requirements include a bachelor's degree in computer science, business, or related field. Previous work experience as a program analyst and critical thinking skills are also valued.
The required skills of the two careers differ considerably. For example, business development analysts are more likely to have skills like "market research," "salesforce," "crm," and "power bi." But a program analyst is more likely to have skills like "veterans," "program management," "logistics," and "dod."
Program analysts earn the best pay in the professional industry, where they command an average salary of $79,942. Business development analysts earn the highest pay from the technology industry, with an average salary of $71,825.program analysts typically earn similar educational levels compared to business development analysts. Specifically, they're 0.0% less likely to graduate with a Master's Degree, and 0.8% less likely to earn a Doctoral Degree.Business development analyst vs. Data analyst
Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources. They are in charge of studying the available data, spotting trends, interpreting what the data and the trends mean, and recommending suggestions that will help the organization perform better. Their recommendations should also be relevant and backed up with strong analyses. Data analysts are expected to have a good grasp of the current market trends in the industry.
Even though a few skill sets overlap between business development analysts and data analysts, there are some differences that are important to note. For one, a business development analyst might have more use for skills like "market research," "project management," "crm," and "financial analysis." Meanwhile, some responsibilities of data analysts require skills like "python," "data management," "visualization," and "data quality. "
In general, data analysts earn the most working in the finance industry, with an average salary of $86,172. The highest-paying industry for a business development analyst is the technology industry.The average resume of data analysts showed that they earn similar levels of education compared to business development analysts. So much so that theyacirc;euro;trade;re 2.9% less likely to earn a Master's Degree and more likely to earn a Doctoral Degree by 0.6%.Types of business development analyst
Updated January 8, 2025
