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Become A Business Development Internship

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Working As A Business Development Internship

  • 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

  • $62,150

    Average Salary

What Does A Business Development Internship 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 Internship

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 Internship jobs

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Business Development Internship Career Paths

Business Development Internship
Marketing Manager Writer And Editor Marketing Specialist
Associate Marketing Manager
5 Yearsyrs
Marketing Coordinator Marketing Manager
Brand Marketing Manager
7 Yearsyrs
Account Executive Sales Manager
Business Development Manager
9 Yearsyrs
Analyst Senior Analyst Research Manager
Consumer Marketing Manager
6 Yearsyrs
Analyst Senior Manager Senior Manager Of Marketing
Director Of Consumer Marketing
11 Yearsyrs
Account Manager Marketing Manager Marketing Director
Director Of Digital Marketing
10 Yearsyrs
Business Analyst Senior Business Analyst Product Manager
Director, Product Marketing
11 Yearsyrs
Business Developer Business Development Consultant Business Development Manager
Marketing Director
7 Yearsyrs
Business Development Manager Director Of Sales Marketing Consultant
Marketing Lead
6 Yearsyrs
Account Executive Territory Manager Account Manager
Marketing Manager
6 Yearsyrs
Account Manager Account Executive Marketing Specialist
Marketing Program Manager
7 Yearsyrs
Business Development Manager Marketing Consultant
Marketing Strategist
6 Yearsyrs
Marketing Coordinator Account Executive Business Developer
Marketing/Business Development
8 Yearsyrs
Marketing Manager Search Engine Optimizer
Online Marketing Manager
5 Yearsyrs
Project Manager Program Manager Marketing Manager
Product Marketing Manager
7 Yearsyrs
Business Analyst Product Manager Marketing Manager
Regional Marketing Manager
7 Yearsyrs
Finance Analyst Operations Manager Marketing Director
Senior Director Of Marketing
13 Yearsyrs
Finance Analyst Account Manager Marketing Manager
Senior Manager Of Marketing
9 Yearsyrs
Project Manager Senior Project Manager Senior Product Manager
Senior Product Marketing Manager
10 Yearsyrs
Business Developer Business Development Manager Director Of Sales
Vice President, Business Development
13 Yearsyrs
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Business Development Internship Demographics

Gender

Male

54.1%

Female

39.4%

Unknown

6.5%
Ethnicity

White

64.2%

Asian

23.4%

Hispanic or Latino

8.8%

Unknown

2.8%

Black or African American

0.8%
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Languages Spoken

Spanish

29.8%

Mandarin

12.6%

Chinese

11.9%

French

11.5%

German

4.4%

Hindi

3.7%

Italian

3.4%

Cantonese

3.3%

Portuguese

3.1%

Russian

2.6%

Japanese

2.6%

Korean

2.3%

Arabic

2.2%

Hebrew

1.4%

Vietnamese

1.2%

Greek

1.0%

Urdu

1.0%

Gujarati

0.8%

Thai

0.6%

Ukrainian

0.5%
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Business Development Internship Education

Schools

University of Southern California

8.7%

New York University

8.4%

University of California - Berkeley

6.7%

Boston University

6.3%

University of Texas at Austin

5.8%

Cornell University

5.6%

Georgetown University

5.2%

George Washington University

4.8%

Pennsylvania State University

4.6%

Syracuse University

4.5%

DePaul University

4.4%

Fordham University

4.2%

University of Washington

4.2%

University of Chicago

4.2%

American University

4.1%

University of Arizona

3.8%

Temple University

3.7%

George Mason University

3.7%

Duke University

3.7%

Carnegie Mellon University

3.5%
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Majors

Business

27.6%

Marketing

13.5%

Finance

11.9%

Economics

8.6%

Management

5.7%

Communication

4.9%

Political Science

3.8%

International Business

3.1%

Accounting

2.7%

Psychology

2.6%

Small Business Management

2.4%

Public Relations

1.9%

Kinesiology

1.8%

Computer Science

1.6%

Business Economics

1.6%

Law

1.5%

Supply Chain Management

1.3%

International Relations

1.3%

English

1.2%

Management Science

1.2%
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Degrees

Bachelors

58.0%

Masters

30.5%

Other

7.6%

Doctorate

1.6%

Certificate

1.3%

Associate

0.9%

Diploma

0.1%

License

0.0%
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Top Skills for A Business Development Internship

BusinessDevelopmentDepartmentBusinessDevelopmentStrategiesClientDatabaseFinancialStatementsMarketResearchPotentialClientsBusinessPlanCRMFacebookSalesforceValuePropositionTwitterHeroKnowledgeCompetitiveAnalysisNewClientsPowerpointLinkedinCustomerServiceRFPPotentialPartners

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Top Business Development Internship Skills

  1. Business Development Department
  2. Business Development Strategies
  3. Client Database
You can check out examples of real life uses of top skills on resumes here:
  • Worked with firm's Business Development Department to develop proposals and follow new business leads.
  • Corresponded with various colleges and universities and utilized the data to create business development strategies.
  • Build a marketing outreach plan to develop the client database.
  • Analyzed financial statements revised collateral documents and processed commercial loan applications.
  • Performed secondary market research, competition analysis, market sizing, revenue forecasting, and financial modeling for valuation.

Top Business Development Internship Employers

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