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 is a Business Development Internship?
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.
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.
Business Development Internship Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a business development internship can determine their career goals through the career progression. For example, they could start out with a role such as consultant, progress to a title such as account manager and then eventually end up with the title senior manager of marketing.
Average Salary for a Business Development Internship
What Am I Worth?
Top Colleges for Business Development Internships
1. University of Pennsylvania
Philadelphia, PA • Private
2. University of Southern California
Los Angeles, CA • Private
3. Georgetown University
Washington, DC • Private
4. San Diego State University
San Diego, CA • Private
5. Northwestern University
Evanston, IL • Private
6. Howard University
Washington, DC • Private
7. Ball State University
Muncie, IN • Private
8. SUNY at Binghamton
Vestal, NY • Private
9. Western Carolina University
Cullowhee, NC • Private
10. Villanova University
Villanova, PA • Private
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.
Business Development Internship Demographics
Business Development Internship Gender Distribution
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
$41,173
Avg. Salary
2. North Dakota
$38,128
Avg. Salary
3. New Hampshire
$34,612
Avg. Salary
How Do Business Development Internship Rate Their Jobs?
Top Business Development Internship Employers
Most Common Employers For Business Development Internship
| Rank  | Company  | Average Salary  | Hourly Rate  | Job Openings  |
|---|---|---|---|---|
| 1 | Oracle | $43,875 | $21.09 | 16 |
| 2 | Ernst & Young | $43,011 | $20.68 | 9 |
| 3 | IBM | $42,231 | $20.30 | 9 |
| 4 | Northrop Grumman | $40,860 | $19.64 | 11 |
| 5 | Pfizer | $40,830 | $19.63 | 9 |
| 6 | Lockheed Martin | $40,274 | $19.36 | 9 |
| 7 | UPS | $39,956 | $19.21 | 10 |
| 8 | Bosch USA | $39,656 | $19.07 | 10 |
| 9 | Mathematica | $39,339 | $18.91 | 10 |
| 10 | P&G | $38,380 | $18.45 | 23 |
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.