The job of a business development associate is exactly like it sounds. They help businesses develop strategies to boost sales, increase brand awareness, optimize efficiency, and meet other business goals. That said, their role is crucial in the continuity and longevity of a business.
To help a business achieve its goals in the most efficient and cost-effective way possible, a business development associate conducts research to analyze customer needs, develop appropriate strategies based on their findings, and help the business implement these strategies effectively. After which, a business development associate is also typically responsible for evaluating the effectiveness of these strategies and making modifications when necessary.
As expected, the ideal educational background for this role is a degree in business, but you can also qualify with a degree in marketing, finance, or communication. In terms of experience, most employers prefer candidates with as much experience in the industry as possible, but the minimum is usually two to three years.
When it comes to compensation, you can earn an average of $54,000 a year as a business development associate. Of course, this will depend on your education, expertise, and experience.
There is more than meets the eye when it comes to being a business development associate. For example, did you know that they make an average of $26.24 an hour? That's $54,586 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
There are certain skills that many business development associates have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and creativity.
If you're interested in becoming a business development associate, one of the first things to consider is how much education you need. We've determined that 78.3% of business development associates have a bachelor's degree. In terms of higher education levels, we found that 11.7% of business development associates have master's degrees. Even though most business development associates have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a business development associate. When we researched the most common majors for a business development associate, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business development associate resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a business development associate. In fact, many business development associate jobs require experience in a role such as internship. Meanwhile, many business development associates also have previous career experience in roles such as account executive or marketing internship.