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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

  • $67,396

    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 Assistant Marketing Consultant Digital Marketing Consultant
Digital Marketing Strategist
6 Yearsyrs
Marketing Manager Marketing Manager/Project Manager
Digital Project Manager
6 Yearsyrs
Finance Analyst Operations Manager Senior Manager
Director Of Strategy
12 Yearsyrs
Finance Analyst Business Analyst Product Manager
Director, Product Marketing
11 Yearsyrs
Social Media Manager Web Manager
Ecommerce Manager
7 Yearsyrs
Business Development Manager Director Of Sales Marketing Consultant
Head Of Marketing
6 Yearsyrs
Account Manager Business Analyst Senior Analyst
Manager, Strategy
8 Yearsyrs
Project Manager General Manager Managing Partner
Manager/Partner
7 Yearsyrs
Business Analyst Senior Analyst Research Manager
Market Research Manager
7 Yearsyrs
Business Analyst Business Manager Account Coordinator
Marketing Account Manager
5 Yearsyrs
Marketing Manager Marketing Communications Manager Marketing Program Manager
Marketing Campaign Manager
5 Yearsyrs
Marketing Coordinator Account Executive Marketing Consultant
Marketing Lead
6 Yearsyrs
Business Development Manager Marketing Consultant Marketing Communications Manager
Marketing Program Manager
7 Yearsyrs
Account Manager Account Executive Marketing Consultant
Marketing Strategist
6 Yearsyrs
Account Executive Marketing Manager
Product Marketing Manager
7 Yearsyrs
Account Executive Sales Manager Marketing Manager
Regional Marketing Manager
7 Yearsyrs
Marketing Coordinator Marketing Manager Social Media Manager
Strategist
7 Yearsyrs
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Do you work as a Business Development Internship?

Business Development Internship Demographics

Gender

Male

54.1%

Female

39.4%

Unknown

6.5%
Ethnicity

White

49.2%

Asian

23.7%

Hispanic or Latino

13.2%

Black or African American

9.4%

Unknown

4.5%
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Foreign Languages Spoken

Spanish

29.9%

Mandarin

12.6%

Chinese

11.8%

French

11.5%

German

4.4%

Hindi

3.7%

Italian

3.4%

Cantonese

3.3%

Portuguese

3.2%

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

6.8%

Boston University

6.2%

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

4.8%

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

57.9%

Masters

30.6%

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

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  1. Business Development Department
  2. Financial Statements
  3. Business Strategies
You can check out examples of real life uses of top skills on resumes here:
  • Assisted the Business Development Department with market research for potential clients: conducting comparative analysis studies and document preparation.
  • Analyzed financial statements revised collateral documents and processed commercial loan applications.
  • Measured monthly sales and profit figures with projected monthly forecast across all products and suggested new business strategies to enhance profitability.
  • Assisted staff in redesigning client database system to improve communication efficiency.
  • Conducted secondary research to identify potential business opportunities, emerging markets, and new clients.

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