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Become A Business Development Associate

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Working As A Business Development Associate

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Interpreting the Meaning of Information for Others
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Make Decisions

  • $63,474

    Average Salary

What Does A Business Development Associate Do

Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

Duties

Market research analysts typically do the following:

  • Monitor and forecast marketing and sales trends
  • Measure the effectiveness of marketing programs and strategies
  • Devise and evaluate methods for collecting data, such as surveys, questionnaires, and opinion polls
  • Gather data on consumers, competitors, and market conditions
  • Analyze data using statistical software
  • Convert complex data and findings into understandable tables, graphs, and written reports
  • Prepare reports and present results to clients and management

Market research analysts research and gather data to help a company market its products or services. They gather data on consumer demographics, preferences, needs, and buying habits. They collect data and information using a variety of methods, such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, and literature reviews.

Analysts help determine a company’s position in the marketplace by researching their competitors and analyzing their prices, sales, and marketing methods. Using this information, they may determine potential markets, product demand, and pricing. Their knowledge of the targeted consumer enables them to develop advertising brochures and commercials, sales plans, and product promotions. 

Market research analysts evaluate data using statistical techniques and software. They must interpret what the data mean for their client, and they may forecast future trends. They often make charts, graphs, infographics, and other visual aids to present the results of their research. 

Workers who design and conduct surveys are known as survey researchers.

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How To Become A Business Development Associate

Most market research analysts need at least a bachelor’s degree. Top research positions may require a master’s degree. Strong math and analytical skills are essential. 

Education

Market research analysts typically need a bachelor’s degree in market research or a related field. Many have degrees in fields such as statistics, math, and computer science. Others have backgrounds in business administration, the social sciences, or communications.

Courses in statistics, research methods, and marketing are essential for these workers. Courses in communications and social sciences, such as economics or consumer behavior, are also important.

Some market research analyst jobs require a master’s degree. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). A master’s degree is often required for leadership positions or positions that perform more technical research. 

Licenses, Certifications, and Registrations

Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Candidates qualify based on experience and knowledge; they must pass an exam, be a member of a professional organization, and have at least 3 years working in opinion and marketing research. Individuals must complete 20 hours of industry-related continuing education courses every 2 years to renew their certification.

Important Qualities

Analytical skills. Market research analysts must be able to understand large amounts of data and information. 

Communication skills. Market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients. 

Critical-thinking skills. To determine what marketing strategy would work best for a company, market research analysts must assess all available information.

Detail oriented. Market research analysts must be detail oriented because they often do precise data analysis.

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Business Development Associate jobs

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Business Development Associate Career Paths

Business Development Associate
Project Manager Program Manager General Manager
Account Manager
5 Yearsyrs
District Sales Manager Office Manager Marketing Coordinator
Associate Marketing Manager
5 Yearsyrs
District Sales Manager Sales Manager Marketing Manager
Brand Marketing Manager
7 Yearsyrs
Account Manager Account Executive
Business Development Manager
9 Yearsyrs
Project Coordinator Senior Analyst Research Manager
Consumer Marketing Manager
6 Yearsyrs
Business Development Manager Marketing Director General Manager
Director Of Sales
10 Yearsyrs
Account Manager Marketing Manager
Marketing Director
7 Yearsyrs
Marketing Consultant Product Marketing Manager Senior Product Manager
Marketing Lead
6 Yearsyrs
Sales Manager General Manager Account Executive
Marketing Manager
6 Yearsyrs
Business Development Executive Senior Manager Marketing Consultant
Marketing Program Manager
7 Yearsyrs
Project Coordinator Account Manager Marketing Consultant
Marketing Strategist
6 Yearsyrs
Marketing Manager Business Developer
Marketing/Business Development
8 Yearsyrs
Marketing Consultant Marketing Manager Search Engine Optimizer
Online Marketing Manager
5 Yearsyrs
Sales Manager Office Manager Account Manager
Regional Accounts Manager
8 Yearsyrs
Business Development Executive Senior Account Executive Marketing Manager
Regional Marketing Manager
7 Yearsyrs
Business Developer Business Development Consultant Business Development Manager
Senior Account Manager
7 Yearsyrs
Business Developer Business Development Manager Marketing Director
Senior Director Of Marketing
13 Yearsyrs
Project Manager Information Technology Project Manager Senior Manager
Senior Manager Of Marketing
9 Yearsyrs
Marketing Manager General Manager Account Manager
Strategic Accounts Manager
9 Yearsyrs
Business Development Manager Director Of Sales Business Developer
Vice President, Business Development
13 Yearsyrs
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Average Length of Employment
Business Developer 2.9 years
Top Employers Before
Internship 14.8%
Top Employers After
Consultant 3.7%
Internship 3.3%
Manager 2.8%
Volunteer 2.6%

Business Development Associate Demographics

Gender

Male

52.1%

Female

45.0%

Unknown

2.9%
Ethnicity

White

73.0%

Asian

13.3%

Hispanic or Latino

10.1%

Unknown

2.6%

Black or African American

1.0%
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Languages Spoken

Spanish

36.8%

French

13.4%

Chinese

7.7%

Mandarin

7.4%

Portuguese

6.0%

Italian

4.0%

Hindi

3.7%

Russian

3.3%

Japanese

2.7%

Cantonese

2.7%

German

2.3%

Korean

2.0%

Thai

1.7%

Arabic

1.7%

Gujarati

1.3%

Swedish

0.7%

Hebrew

0.7%

Ukrainian

0.7%

Marathi

0.7%

Czech

0.7%
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Business Development Associate Education

Schools

University of Phoenix

9.6%

New York University

7.3%

George Washington University

6.7%

Boston University

6.4%

Georgetown University

5.4%

Fordham University

5.1%

Florida State University

5.1%

Northeastern University

5.1%

Cornell University

4.5%

Columbia University

4.5%

Towson University

4.5%

University of California - Los Angeles

4.1%

University of Southern California

4.1%

George Mason University

4.1%

University of Connecticut

4.1%

Case Western Reserve University

4.1%

Michigan State University

3.8%

Pennsylvania State University

3.8%

James Madison University

3.8%

Villanova University

3.8%
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Majors

Business

29.8%

Marketing

12.2%

Finance

9.0%

Communication

8.9%

Political Science

5.1%

Management

4.9%

Economics

4.7%

Psychology

3.0%

International Business

2.9%

English

2.2%

Public Relations

2.2%

Biology

1.9%

History

1.9%

Sociology

1.8%

Small Business Management

1.6%

Liberal Arts

1.6%

Human Resources Management

1.6%

Law

1.6%

Accounting

1.5%

Project Management

1.5%
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Degrees

Bachelors

52.9%

Masters

26.5%

Other

11.9%

Associate

3.4%

Certificate

2.9%

Doctorate

1.9%

Diploma

0.3%

License

0.2%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Business Development Associate Salaries

Job Title Company Location Start Date Salary
Business Development Associate Fort LP New York, NY Sep 27, 2016 $210,000
International Business Development Associate AQR Capital Management Greenwich, CT Aug 27, 2015 $184,000
Business Development Associate Atlas Technology Group, LLC San Francisco, CA Jan 14, 2016 $150,758
Associate, Business Development Castleton Commodities Management Services, LLC Houston, TX Dec 15, 2015 $146,307
Finance & Business Development Associate Mooreland Partners LLC Greenwich, CT Oct 01, 2015 $145,000
Associate, Business Development Bertelsmann, Inc. New York, NY Dec 09, 2016 $135,000
Associate, Business Development & Corporate Finance Group Global Atlantic Financial Company New York, NY Nov 28, 2016 $134,500
Mobile Business Development Associate Director Tencent America LLC Palo Alto, CA Jul 09, 2016 $132,000
Business Development Associate Innovation Core SEI, Inc. San Jose, CA Sep 19, 2015 $129,000 -
$149,000
Associate Marketing and Business Development Sac Attorneys LLP San Jose, CA Sep 15, 2016 $123,613
Business Development Associate, Renewable Energy NRG Energy, Inc. San Francisco, CA Feb 05, 2016 $115,000
Business Development Associate VL34, Inc. Cambridge, MA Jan 11, 2015 $114,785
Business Development Associate Software Merchant Inc. Wayne, PA May 18, 2016 $113,464
Financial Business Development Associate Two Sigma Investments, LLC New York, NY Oct 01, 2015 $110,000
Business Development Associate Infosys Limited Charlotte, NC Oct 01, 2015 $87,734
Business Development Associate Strawberryfrog, LLC New York, NY Dec 09, 2016 $85,000
Business Development Associate ITG Investment Research, LLC New York, NY Jul 03, 2016 $85,000
Business Development Associate Artique Multinational LLC Mamaroneck, NY Jan 26, 2015 $85,000
Business Development Associate M Science LLC New York, NY Jun 20, 2016 $85,000
Associate-Business Development and Strategy Cyndx Advisors, LLC New York, NY Sep 11, 2015 $85,000
Business Development Associate Nanomotion Inc. Ronkonkoma, NY Sep 16, 2015 $84,000
Business Development Associate Software Merchant, Inc. Wayne, PA Oct 01, 2015 $83,500
Senior Business Development Associate Dakota Intertek Corp. New Berlin, WI Aug 17, 2016 $61,567
Senior Business Development Associate Dakota Intertek Corp. New Berlin, WI Aug 24, 2016 $61,567
Business Development Associate GNS Healthcare, Inc. Cambridge, MA Jul 09, 2016 $60,000
Business Development Associate Spraying Systems Co. Aurora, IL Sep 17, 2015 $60,000
Business Development Associate Smithsonian Institution Washington, DC Apr 30, 2016 $60,000
Business Development Associate Immersion Corporation San Jose, CA Aug 24, 2015 $60,000
Business Development Associate AVS Pharmacy Inc. New York, NY Oct 16, 2015 $59,384

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Top Skills for A Business Development Associate

BusinessDevelopmentActivitiesProposalDevelopmentStrategicPartnershipsFinancialModelsCRMSalesforceNewClientsNewBusinessRelationshipsPotentialClientsCustomerServiceMarketResearchRFPClientRelationsNewAccountsTradeShowsBusinessPlanKeyDecisionMakersSalesStrategyC-LevelInternet

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Top Business Development Associate Skills

  1. Business Development Activities
  2. Proposal Development
  3. Strategic Partnerships
You can check out examples of real life uses of top skills on resumes here:
  • Led business development activities for the 40 person Building Systems Group.
  • Developed procedures for business development, capture management and proposal development.
  • Identified strategic partnerships and gathered market information to gain a competitive advantage.
  • Developed financial models and forecasts that supported management's development of project strategies.
  • Evaluated and chose CRM Solution for tracking sales, accounts, and client interaction.

Top Business Development Associate Employers

Business Development Associate Videos

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