what is it like to work as a business development manager?

A business development manager is a member of the sales team who works both within and outside the organization to create new business opportunities. Their responsibilities include making proposals to new clients and building long-term relationships with the company's customers.

As a member of the sales team, you create and develop sales opportunities to grow the company's customer base. Your responsibility is to guide clients through the entire sales process and register them as buyers at the end. You represent the company's public face and must project professionalism to potential clients. Making the right decisions and implementing the best strategies can help achieve the company's strategic objectives.

what does a business development manager do?

A business development manager primarily creates new business opportunities and ensures the sales team’s top performance. Therefore, they must possess excellent relationship-building and negotiation skills. Their experience in market research and developing business trends helps in making informed decisions and contributes to identifying the company's growth opportunities. If they collaborate well with others, especially with leaders in sales and marketing, it significantly facilitates their work.

In most industries, business development managers play a key role in creating new business opportunities. They can work in construction, manufacturing, sales, or as employees of consulting firms.

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1

average salary of business development manager.

Our salary calculator allows you to explore pay ranges and see how much a starting or experienced business development manager earns.

Most employers offer commissions for acquiring clients or quarterly/annual bonuses for contributing to business growth. In addition to salary and commissions, the compensation package includes various benefits such as travel expense reimbursement and health insurance.

Want to know how much a business development manager earns? check out our salary calculator!

salary calculator

how can you earn more as a business development manager?

A business development manager's compensation package depends on their work experience and expertise. If they have extensive experience in the field, they can expect a higher salary, as they are skilled in closing deals and analyzing business trends. Their qualifications also impact their earning potential: a business development manager with a master's degree is likely to earn a higher salary.

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types of business development manager positions.

There are different types of business development manager roles, tailored to the needs of various industries and companies. Here are some examples of the different types of business development managers:

  • Construction business development manager: Construction business development managers work on construction projects. Their responsibilities include identifying new construction opportunities, meeting client needs, and building relationships with all stakeholders involved in the projects.
  • Cybersecurity business development manager: cybersecurity business development managers research cybersecurity trends and develop methods to improve the security of IT systems. They help companies and organizations make their online presence safer.
  • Financial business development manager: financial services business development managers monitor financial performance and upcoming trends to help companies maintain a competitive edge in their sector and support their growth.
  • Tech business development manager: technology business development managers work in the IT and tech industries. Their responsibilities include exploring new technological opportunities and trends, as well as developing business strategies to bring tech products and services to market.
  • Service business development manager: Service business development managers work with various types of services, such as healthcare, education, or consulting services. In addition to exploring new market opportunities, they also help improve and make existing services more efficient.

In addition, there are many other types of business development manager roles, depending on the specific characteristics of industries and companies. These roles are tailored to the areas where there is a need to identify business opportunities and support the growth of the organization.

2 male sitting at a table and a female standing at the table with a coffee mug
2 male sitting at a table and a female standing at the table with a coffee mug
3

working as a business development manager.

Working as a business development manager involves building long-term relationships with clients and also seeking out new customers. Get to know more about the responsibilities and daily schedule of a business development manager.

4

required studies and skills.

studies.

To work as a business development manager, acquiring professional knowledge is essential. It is advisable to choose one of the following training programs to get started:

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nő dolgozik az asztalánál

skills.

The following skills are required for a business development manager to perform their job:

5

frequently asked questions.

We have compiled the most frequently asked questions regarding the business development manager role:

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