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Business development director hiring summary. Here are some key points about hiring business development directors in the United States:
Here's a step-by-step business development director hiring guide:
A business development director specializes in crafting plans and strategies to develop the relationship between the brand, clients, and other key characters in the industry. It is their responsibility to examine and understand everything about the brand and figure out which areas require improvement or changes. They must also conduct a thorough marketing analysis and remain updated on the latest trends in the market to identify new opportunities that would improve customer satisfaction. Furthermore, they must also communicate with all clients, even appear on public gatherings to strengthen brand awareness.
The business development director hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A business development director's background is also an important factor in determining whether they'll be a good fit for the position. For example, business development directors 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.
The following list breaks down different types of business development directors and their corresponding salaries.
| Type of Business Development Director | Description | Hourly rate |
|---|---|---|
| Business Development Director | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $34-92 |
| Director Of Sales | A sales director is responsible for managing the sales operation of the team, ensuring that members comply with the sales strategies and procedures in meeting sales goals. Sales directors' duties include maintaining consistency of sales targets, providing reports and important updates for sales improvement, managing customers' inquiries and resolving complaints, launching new services to expand product offers, researching the current market trends, and improving sales plans... Show more | $35-80 |
| Director Of Product Development | A Director of Product Development supervises and implements product development policies, initiatives, and objectives. They conduct market research to determine consumer needs and identify competitors. | $48-94 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $141,219 | $68 |
| 2 | Massachusetts | $128,512 | $62 |
| 3 | Washington | $125,214 | $60 |
| 4 | Connecticut | $124,891 | $60 |
| 5 | Michigan | $122,859 | $59 |
| 6 | North Carolina | $121,708 | $59 |
| 7 | New Jersey | $120,700 | $58 |
| 8 | Utah | $120,325 | $58 |
| 9 | Nevada | $120,265 | $58 |
| 10 | New York | $118,675 | $57 |
| 11 | Maryland | $117,913 | $57 |
| 12 | Missouri | $117,767 | $57 |
| 13 | Pennsylvania | $116,136 | $56 |
| 14 | Arizona | $115,647 | $56 |
| 15 | District of Columbia | $114,739 | $55 |
| 16 | Georgia | $114,235 | $55 |
| 17 | Indiana | $114,021 | $55 |
| 18 | Illinois | $113,636 | $55 |
| 19 | Colorado | $113,043 | $54 |
| 20 | Virginia | $112,678 | $54 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | alliantgroup | $231,749 | $111.42 | |
| 2 | Baltimore City Community College | $204,342 | $98.24 | |
| 3 | Baker McKenzie | $203,767 | $97.96 | 1 |
| 4 | Biogen | $186,406 | $89.62 | 6 |
| 5 | Exelixis | $184,032 | $88.48 | 6 |
| 6 | Revlon | $183,875 | $88.40 | |
| 7 | Meta | $181,525 | $87.27 | 126 |
| 8 | JUUL | $180,916 | $86.98 | 1 |
| 9 | Bain & Company | $178,904 | $86.01 | 8 |
| 10 | eBay | $178,550 | $85.84 | 2 |
| 11 | Superpedestrian | $177,177 | $85.18 | |
| 12 | Incyte | $174,546 | $83.92 | 5 |
| 13 | VMware | $174,155 | $83.73 | |
| 14 | Capgemini | $173,681 | $83.50 | 119 |
| 15 | FUJIFILM Diosynth Biotechnologies | $173,623 | $83.47 | 5 |
| 16 | Hearst | $173,081 | $83.21 | 6 |
| 17 | Natera | $172,475 | $82.92 | 7 |
| 18 | Ernst & Young | $170,350 | $81.90 | 246 |
| 19 | Intuit | $169,875 | $81.67 | 61 |
| 20 | Amgen | $169,712 | $81.59 | 23 |
A business development director job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a business development director job description:
There are various strategies that you can use to find the right business development director for your business:
Your first interview with business development director candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best business development director candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing 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 director. 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.
Hiring a business development director comes with both the one-time cost per hire and ongoing costs. The cost of recruiting business development directors involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of business development director recruiting as well the ongoing costs of maintaining the new employee.
You can expect to pay around $117,784 per year for a business development director, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for business development directors in the US typically range between $34 and $92 an hour.