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Business development consultant hiring summary. Here are some key points about hiring business development consultants in the United States:
Here's a step-by-step business development consultant hiring guide:
The role of business consultants is to provide an analysis of a company on its business practices and make recommendations for long-term goals. This role is also connected with various duties and responsibilities, including reviewing the company's financial statements, engaging in research on how to improve the company's offers, and developing new business models. Also, business consultants are responsible for negotiating contracts as needed, initiating plans and strategies to minimize company losses and drive profits. They may also function as the company's representative in promotional events and trade associations.
Before you post your business development consultant job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a business development consultant for hire on a part-time basis or as a contractor.
A business development consultant's background is also an important factor in determining whether they'll be a good fit for the position. For example, business development consultants from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of business development consultants.
| Type of Business Development Consultant | Description | Hourly rate |
|---|---|---|
| Business Development Consultant | A Business Development Consultant, also known as a Management Analyst, creates strategic development plans to increase the profitability of a company. They are responsible for implementation of strategic plans, customer budgets, and ongoing forecasts. | $25-65 |
| Business Advisor | Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts... Show more | $32-66 |
| Strategy Consultant | A strategy consultant specializes in examining and analyzing business processes to identify areas needing improvement, ensuring to provide strategies for optimal performance. A strategy consultant may work as a member of a company or as a freelancer... Show more | $41-72 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Minnesota | $104,379 | $50 |
| 2 | California | $103,845 | $50 |
| 3 | Connecticut | $103,305 | $50 |
| 4 | Massachusetts | $100,631 | $48 |
| 5 | Virginia | $100,300 | $48 |
| 6 | Illinois | $98,678 | $47 |
| 7 | New York | $93,783 | $45 |
| 8 | Texas | $89,252 | $43 |
| 9 | New Jersey | $88,823 | $43 |
| 10 | Ohio | $80,656 | $39 |
| 11 | North Carolina | $80,036 | $38 |
| 12 | Iowa | $79,325 | $38 |
| 13 | Arizona | $75,522 | $36 |
| 14 | Georgia | $70,069 | $34 |
| 15 | Colorado | $67,453 | $32 |
| 16 | Florida | $58,894 | $28 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Veeva Systems | $128,122 | $61.60 | 51 |
| 2 | Dell | $127,344 | $61.22 | 21 |
| 3 | HP | $124,853 | $60.03 | 3 |
| 4 | UBS | $114,832 | $55.21 | 4 |
| 5 | United Nations Foundation | $113,836 | $54.73 | |
| 6 | Medtronic | $113,020 | $54.34 | 42 |
| 7 | ARRIS | $111,963 | $53.83 | |
| 8 | Verizon Data Services Inc | $111,246 | $53.48 | |
| 9 | Cox Media Group | $110,841 | $53.29 | 16 |
| 10 | GBS | $109,769 | $52.77 | |
| 11 | Cargill | $105,696 | $50.82 | 17 |
| 12 | AssetMark | $104,548 | $50.26 | 9 |
| 13 | Siemens | $101,800 | $48.94 | 87 |
| 14 | Motorola Solutions | $101,513 | $48.80 | 24 |
| 15 | Steelcase | $99,315 | $47.75 | 2 |
| 16 | Verizon Communications | $99,276 | $47.73 | 2 |
| 17 | Korn Ferry | $99,099 | $47.64 | |
| 18 | Adtalem Global Education | $96,405 | $46.35 | 2 |
| 19 | Good Shepherd Hospice | $96,187 | $46.24 | 1 |
| 20 | KBKG | $95,185 | $45.76 |
A good business development consultant job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a business development consultant job description:
To find business development consultants for your business, try out a few different recruiting strategies:
To successfully recruit business development consultants, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the business development consultant position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new business development consultant. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
There are different types of costs for hiring business development consultants. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new business development consultant employee.
Business development consultants earn a median yearly salary is $85,153 a year in the US. However, if you're looking to find business development consultants for hire on a contract or per-project basis, hourly rates typically range between $25 and $65.