Business Development Manager duties and responsibilities
Business Development Managers usually complete a wide range of tasks for supervisors and clients, including supervising research, composing new company policies, looking for investors, and preparing reports. The duties and responsibilities that Business Development Manager job candidates need to excel at may include:
- Identifying and contacting potential clients through networking and marketing methods
- Developing new sales areas and markets
- Planning and directing marketing or advertising campaigns
- Collaborating with sales departments and other teams to meet targets
- Hiring, training, and managing junior salespeople, market researchers, copywriters, and other employees
- Creating sales presentations for potential clients
- Managing contracts
- Addressing client complaints or concerns
Business Development Manager skills and qualifications
Successful Business Development Managers use a variety of interpersonal skills and marketing expertise. They must also have extensive knowledge of the company’s products or services. The top prerequisite skills and qualifications for Business Development Managers include:
- Exceptional written and verbal communication skills
- Ability to explain complex concepts clearly
- Ability to work under pressure
- Ability plan and organize sales presentations, meeting, marketing strategies, and more
- Knowledge in interpreting company financial data and the ability to analyze it
- Familiarity with social media, industry publications, and competitors of the company
- A good understanding of how market research works and what results mean for a business
- Knowledge in preparing company budgets
Business Development Manager experience requirements
Most Business Development Manager jobs require at least five years of sales experience in a related industry. However, many companies don’t require experience as a Business Development Manager. Experience is important because Business Development Managers use it to improve their skills. They learn by interacting with clients, giving presentations and finding new leads.
Business Development Manager education and training requirements
Employers require Business Development Manager candidates to have a bachelor’s degree in business, marketing, business administration, communications, economics, sales management or a related field. They may prefer a candidate with a master’s degree, and on-the-job training is often required as well.
Business Development Manager salary expectations
According to Indeed Salaries, the average salary for a Business Development Manager is $66,823 per year. Pay rates for individuals Business Development Managers depend on experience and education levels, locations and employers.
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