What does a Business Development Manager do?
Business Development Managers typically work for corporations across a variety of industries to carry out tasks that support business growth. They use their experience working in business and sales to hire professionals for sales, marketing and business development roles. Their job is to analyze market trends and identify areas for improvement. This could include obtaining new suppliers to elevate product quality and coordinating new marketing initiatives to expand the company’s customer base. They may also support upper management by organizing meetings between clients and company executives.
Business Development Manager skills and qualifications
A successful business development manager candidate will have various skills and qualifications needed to do an excellent job, including:
- Bachelor’s degree in marketing, business or a similar area
- About five years of proven sales experience in business or a related area
- Exceptional communication and presentation skills, both written and verbal, in order to express technical and nontechnical concepts clearly and concisely
- Technical skills required to create proposals and find solutions to meet client requirements, such as using software programs and machines
- Excellent organizational skills to meet goals and set priorities
- Be proactive, organized and handle work under stressful and uncertain environments
Business Development Manager salary expectations
An average salary expectation for a business development manager ranges around $67,801 per year based on close to 10,600 reported salaries. The salary can range from $14,000 on the low range to $177,000 on the higher range. A business development manager also has an average profit sharing of $10,000 a year.
Business Development Manager education and training requirements
A business development manager should have a bachelor’s degree in business, marketing or related fields as a minimum for education requirements. Some business development managers have a master’s degree in business administration or related fields. Training in sales management and/or marketing is a plus although not required as years of work experience in the areas of business and sales are a key to look for in lieu of education.
Business Development Manager experience requirements
For this role, experience in sales and business management is a priority since this is a managerial position which will be responsible for other co-workers and their performance. About five years of experience working in sales in a business setting is required to prove experience in dealing with clients and internal co-workers. Leadership skills, such as performing presentations, training junior salespeople and having great teamwork with general sales and marketing areas, are also requirements to look for in a business development manager.
Job description samples for similar positions
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