Top Business Development Jobs and How to Land Them
Customers are the lifeblood of any business. Business development managers are responsible for retaining accounts and bringing in new business. For a business development manager to make effective decisions, they need a strong foundation of knowledge and technical skills.
If you are considering a career in business development management, this complete guide is perfect for you.
What You Need to Know About Jobs in Business Development
It is the job of the business development manager to oversee the growth of the department. The managers work on developing mutually beneficial proposals, negotiating contract terms, and communicating effectively with all stakeholders.
Simply put, business development is the process of generating ideas, undertaking initiatives, and taking steps to improve a business. Making strategic business decisions by building strategic partnerships, increasing revenues, and expanding the business are all part of increasing profitability.
According to the U.S. Bureau of Labor Statistics (BLS), the median business development salary is $120,130 a year. Between 2020 and 2030, the BLS projects an 11% increase in business and economic development jobs, with 4,500 net new jobs.
Different Branches of Business Development
In addition to sales and marketing, business development activities extend to project management, product management, and vendor management. Additionally, net