A business development manager is responsible for making sure their team or staff is regularly receiving opportunities for enhancing their skills and knowledge. Since a lot of people apply for a job where they'll be able to grow, many businesses hire a business development manager to figure out how to present such opportunities to employees.
These managers are known as people persons because the majority of their day is spent talking with people. The business development manager position isn't for newbies. In addition to needing a bachelor's, or even a master's, degree, you need a bit of experience under your belt. Once you've got all that and nailed down your communication skills, then you're ready to venture into the business development manager role.
There is more than meets the eye when it comes to being a business development manager. For example, did you know that they make an average of $51.7 an hour? That's $107,533 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
There are certain skills that many business development managers 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 analytical skills, leadership skills and creativity.
When it comes to the most important skills required to be a business development manager, we found that a lot of resumes listed 14.1% of business development managers included sales process, while 6.1% of resumes included sales territory, and 5.1% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business development manager job title. But what industry to start with? Most business development managers actually find jobs in the technology and professional industries.
If you're interested in becoming a business development manager, one of the first things to consider is how much education you need. We've determined that 54.7% of business development managers have a bachelor's degree. In terms of higher education levels, we found that 27.5% of business development managers have master's degrees. Even though most business development managers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a business development manager. When we researched the most common majors for a business development manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business development manager resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a business development manager. In fact, many business development manager jobs require experience in a role such as account executive. Meanwhile, many business development managers also have previous career experience in roles such as account manager or sales manager.