Q: Is business development manager a good job?

Yes, being a business development manager is a good job. The job focuses on getting new partners, entering new markets, and developing new products. This role is at the leading edge of the company, building relationships with clients and organizations to generate opportunities. The job requires research, outreach, and excellent communication skills.

Q: Does business development pay well?

Yes, business development pays well. On average, business development managers earn $130,085 a year. At an entry-level, with less than a year of experience, you may only earn $53,000. Pay depends on the size of the company, location, industry, education, and work history.

Question 1

How long does it take to become a Business Development Manager?

Accepted Answer

It takes 9 years of professional experience to become a business development manager. That is the time it takes to learn specific business development manager skills, but does not account for time spent in formal education. If you include the normal education requirements to complete a college degree, then it takes 12 to 14 years years to become a business development manager.

Question 2

How much money does a business development manager make?

Accepted Answer

A business development manager in the US makes $130,085 annually on average, but it can range between $50,000- $154,000 based on work history and location. The range of salary is due to different ways the title is used and different spans of responsibilities of the role.

Question 3

Is business development manager a good job?

Accepted Answer

Yes, being a business development manager is a good job. The job focuses on getting new partners, entering new markets, and developing new products. This role is at the leading edge of the company, building relationships with clients and organizations to generate opportunities. The job requires research, outreach, and excellent communication skills.

Question 4

What is the career path for business development?

Accepted Answer

The career path for business development includes jobs as a business development representative, BDR manager, and BDR leader. This is the most common career path for those looking to advance in business development.

Question 5

What skills does a business development manager need?

Accepted Answer

The skills of a business development manager are all related to growing the business; they must have excellent organizational skills, good vision, and practical strategies for growing the business. Business development managers find opportunities, leads, and build relationships with clients.

Question 6

What is a good starting salary for a Business Development Manager?

Accepted Answer

A good starting salary for a business development manager is $71,000 in the United States. That puts you in the 10th percentile of annual income for a business development manager in the U.S., which is about what you would expect if you were new to the field. The average salary for business development managers is $105,849, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a business development manager can vary by state.

Question 7

Does business development pay well?

Accepted Answer

Yes, business development pays well. On average, business development managers earn $130,085 a year. At an entry-level, with less than a year of experience, you may only earn $53,000. Pay depends on the size of the company, location, industry, education, and work history.

Question 8

How much do BDR managers make?

Accepted Answer

Business development managers (BDR) make $130,085 annually on average, but it can range between $50,000- $154,000 based on your background and location. The range of salary is due to different ways the title is used and different spans of responsibilities of the role.

Question 9

Can a business development manager make 100k?

Accepted Answer

Yes, you can make $100,000 per year as a business development manager. The chances of earning over $100k for a business development manager are actually pretty good because the highest-paid business development manager positions typically pay at least $156,000 per year. The average annual salary is $105,849 for business development manager jobs. For example, business development managers in Washington whose salaries are in the 90th percentile earn an average salary of $201,000.

Question 10

What percentage of Business Development Managers are female?

Accepted Answer

32.1% of business development managers are female in the United States. This is 0.9 percentage points higher than last year. Additionally, the percentage of female business development managers has increased by 14.3 percentage points since 2010. That means there are a total of 91,817 female business development managers in the U.S. and 194,219 male business development managers in the United States. Note that Zippia's estimate accounts only for the 286,036 people with the specific job title of business development manager and doesn't include grouping similar job titles, or people with potentially similar credentialing.

Question 11

What are networking skills?

Accepted Answer

Networking skills include communication, relationship management, and professionalism.

Communication
Communication on a personal level is a necessary part of networking. Having strong, open lines of communication continually strengthens your connections.
Communication consists of face-to-face contact with good eye contact and being engaged in the conversation. Otherwise, consider responding promptly via email, text, and telephone. Responsive and engaged communication is important.
Relationship Management
Relationship management is important in networking. Maintaining these relationships can bring you to the forefront of future internships and job opportunities.
Staying in contact regularly is an important step in maintaining these relationships. Building and maintaining these relationships create lasting connections that benefit everyone involved positively.
Professionalism
Professionalism has several factors to it. A person must be well-groomed, polite, reliable, and able to maintain an ethical standpoint. How you act, speak, and look reflects who you are as a person and a professional. Treating your superiors, peers, and clients respectfully is all part of professionalism.

Frequently asked questions about business development managers

Questions about becoming a business development manager