As business development interns, you will assess a company's portfolio and its competitors. This is to find ways to expand the products and services offered to consumers. You'll oversee lead generation, marketing, and evaluating partnership opportunities. Additionally, you'll identify new development channels. Asides from that, you'll learn the nitty-gritty of business and entrepreneurship.

Participants will help create and improve marketing content, systems, and growth strategies. They will create and perform customer research surveys and report to company executives. Also, they will be involved in product and system development, as well as promote the company and its product or service.

Students enrolled in a degree in business administration, or related fields are eligible for a business development internship. You must possess interpersonal, organization, negotiation, management, and communication skills. Business development interns make an average salary of $80,038 per year. It varies between $45,000 and $143,000.

What Does a Business Development Internship Do

There are certain skills that many business development interns 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 detail oriented, analytical skills and communication skills.

Learn more about what a Business Development Internship does

How To Become a Business Development Internship

If you're interested in becoming a business development internship, one of the first things to consider is how much education you need. We've determined that 79.5% of business development interns have a bachelor's degree. In terms of higher education levels, we found that 12.4% of business development interns have master's degrees. Even though most business development interns have a college degree, it's impossible to become one with only a high school degree or GED.

Learn More About How To Become a Business Development Internship
Top Business Development Internship Jobs Near You

Business Development Internship Career Paths

Average Salary for a Business Development Internship

Business Development Interns in America make an average salary of $33,146 per year or $16 per hour. The top 10 percent makes over $42,000 per year, while the bottom 10 percent under $25,000 per year.
Average Business Development Internship Salary
$33,146 Yearly
$15.94 hourly
$25,000
10 %
$33,000
Median
$42,000
90 %

What Am I Worth?

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Business Development Internship Education

Business Development Internship Majors

27.5 %
10.5 %
10.4 %

Business Development Internship Degrees

Bachelors

79.5 %

Masters

12.4 %

Associate

3.8 %

Top Colleges for Business Development Internships

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

3. Georgetown University

Washington, DC • Private

In-State Tuition
$54,104
Enrollment
7,089

4. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

5. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

6. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

7. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

8. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

9. Western Carolina University

Cullowhee, NC • Private

In-State Tuition
$3,926
Enrollment
9,835

10. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

Top Skills For a Business Development Internship

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 12.8% of business development interns listed market research on their resume, but soft skills such as detail oriented and analytical skills are important as well.

Choose From 10+ Customizable Business Development Internship Resume templates

Zippia allows you to choose from different easy-to-use Business Development Internship templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Business Development Internship resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Business Development Internship Resume
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Business Development Internship Resume
Business Development Internship Resume
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Business Development Internship Demographics

Business Development Internship Gender Distribution

Male
Male
58%
Female
Female
42%

After extensive research and analysis, Zippia's data science team found that:

  • Among business development interns, 42.0% of them are women, while 58.0% are men.

  • The most common race/ethnicity among business development interns is White, which makes up 73.9% of all business development interns.

  • The most common foreign language among business development interns is Spanish at 30.5%.

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Best States For a Business Development Internship

Some places are better than others when it comes to starting a career as a business development internship. The best states for people in this position are Alaska, Massachusetts, North Dakota, and Rhode Island. Business development interns make the most in Alaska with an average salary of $41,173. Whereas in Massachusetts and North Dakota, they would average $39,718 and $38,128, respectively. While business development interns would only make an average of $36,424 in Rhode Island, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Alaska

Total Business Development Internship Jobs:
356
Highest 10% Earn:
$52,000
Location Quotient:
2

2. North Dakota

Total Business Development Internship Jobs:
321
Highest 10% Earn:
$50,000
Location Quotient:
1.62

3. New Hampshire

Total Business Development Internship Jobs:
698
Highest 10% Earn:
$44,000
Location Quotient:
1.87
Full List Of Best States For Business Development Interns

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Top Business Development Internship Employers

Most Common Employers For Business Development Internship

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Oracle$43,875$21.0916
2Ernst & Young$43,011$20.689
3IBM$42,231$20.309
4Northrop Grumman$40,860$19.6411
5Pfizer$40,830$19.639
6Lockheed Martin$40,274$19.369
7UPS$39,956$19.2110
8Bosch USA$39,656$19.0710
9Mathematica$39,339$18.9110
10P&G$38,380$18.4523

Becoming a Business Development Internship FAQs

Do business interns get paid?

Yes, the majority of business interns get paid for the duration of their internship. Compensation often depends on the company and duties associated with the internship and can come in several forms.

Is business development a good internship?

Yes, business development is a good internship. Like any internship, any internship is a good opportunity to develop work experience and explore areas of career interest that a college student might want to pursue.

What is a good salary for an internship?

A good salary for an internship is around $31,000 a year (about $2,607 per month or $15 per hour). That's the average for a typical internship, but, as most internships go, factors like location, industry and company can determine whether you receive compensation.

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