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Working as a Business Development Officer

There is more than meets the eye when it comes to being a business development officer. For example, did you know that they make an average of $26.88 an hour? That's $55,917 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.

What Does a Business Development Officer Do

There are certain skills that many business development officers 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 management skills, problem-solving skills and time-management skills.

When it comes to the most important skills required to be a business development officer, we found that a lot of resumes listed 12.5% of business development officers included customer service, while 5.9% of resumes included financial services, and 5.6% of resumes included workplace. 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 officer job title. But what industry to start with? Most business development officers actually find jobs in the finance and non profits industries.

How To Become a Business Development Officer

If you're interested in becoming a business development officer, one of the first things to consider is how much education you need. We've determined that 52.6% of business development officers have a bachelor's degree. In terms of higher education levels, we found that 30.1% of business development officers have master's degrees. Even though most business development officers 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 officer. When we researched the most common majors for a business development officer, 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 officer resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a business development officer. In fact, many business development officer jobs require experience in a role such as branch manager. Meanwhile, many business development officers also have previous career experience in roles such as account executive or vice president.

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Average Salary$55,917
Job Growth Rate6%

Business Development Officer Career Paths

Top Careers Before Business Development Officer

Top Careers After Business Development Officer

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Average Salary for a Business Development Officer

Business Development Officers in America make an average salary of $55,917 per year or $27 per hour. The top 10 percent makes over $74,000 per year, while the bottom 10 percent under $41,000 per year.
Average Salary
$55,917

Best Paying Cities

City
Average Salary
Englewood, CO
Salary Range62k - 120k$87k$86,803
Washington, DC
Salary Range59k - 119k$84k$84,302
Edison, NJ
Salary Range55k - 113k$79k$79,464
Schaumburg, IL
Salary Range55k - 109k$78k$77,900
New York, NY
Salary Range53k - 108k$76k$75,847
Boston, MA
Salary Range51k - 99k$72k$71,685
$28k
$120k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Business Development Officer Lo
Business Development Officer Lo
Wells Fargo
Wells Fargo
01/20/2021
01/20/2021
$49,30001/20/2021
$49,300
CDC Renewable Energy Tax Credit Business Development Officer 2-ST. Louis, MO; Denver, CO; Minneapo
CDC Renewable Energy Tax Credit Business Development Officer 2-ST. Louis, MO; Denver, CO; Minneapo
Us Bank
Us Bank
12/22/2020
12/22/2020
$111,69012/22/2020
$111,690
CDC Renewable Energy Tax Credit Business Development Officer 2-ST. Louis, MO; Denver, CO; Minneapo
CDC Renewable Energy Tax Credit Business Development Officer 2-ST. Louis, MO; Denver, CO; Minneapo
Us Bank
Us Bank
12/22/2020
12/22/2020
$111,69012/22/2020
$111,690
CDC Renewable Energy Tax Credit Business Development Officer 2-ST. Louis, MO; Denver, CO; Minneapo
CDC Renewable Energy Tax Credit Business Development Officer 2-ST. Louis, MO; Denver, CO; Minneapo
Us Bank
Us Bank
12/22/2020
12/22/2020
$111,69012/22/2020
$111,690
CDC Renewable Energy Tax Credit Business Development Officer 2-ST. Louis, MO; Denver, CO; Minneapo
CDC Renewable Energy Tax Credit Business Development Officer 2-ST. Louis, MO; Denver, CO; Minneapo
U.S. Bank
U.S. Bank
12/21/2020
12/21/2020
$111,69012/21/2020
$111,690
See More Recent Salaries

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Business Development Officer Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Business Development Officer. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Business Development Officer Resume

At Zippia, we went through countless Business Development Officer resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

Business Development Officer Demographics

Gender

male

58.1 %

female

36.8 %

unknown

5.0 %

Ethnicity

White

72.8 %

Hispanic or Latino

12.9 %

Asian

6.0 %

Foreign Languages Spoken

Spanish

39.2 %

French

13.1 %

Chinese

6.5 %
See More Demographics

Business Development Officer Education

Majors

Business
35.8 %
Finance
12.4 %

Degrees

Bachelors

52.6 %

Masters

30.1 %

Associate

5.7 %

Top Colleges for Business Development Officers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

5. Pennsylvania State University

University Park, PA • Public

In-State Tuition
$18,454
Enrollment
40,108

6. University of Texas at Austin

Austin, TX • Public

In-State Tuition
$10,610
Enrollment
40,329

7. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

8. Northeastern University

Boston, MA • Private

In-State Tuition
$51,522
Enrollment
13,760

9. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

10. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Business Development Officer

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, 12.5% of business development officers listed customer service on their resume, but soft skills such as management skills and problem-solving skills are important as well.

Best States For a Business Development Officer

Some places are better than others when it comes to starting a career as a business development officer. The best states for people in this position are Rhode Island, Maryland, Colorado, and Virginia. Business development officers make the most in Rhode Island with an average salary of $96,886. Whereas in Maryland and Colorado, they would average $93,753 and $86,635, respectively. While business development officers would only make an average of $85,142 in Virginia, 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. Rhode Island

Total Business Development Officer Jobs:
71
Highest 10% Earn:
$174,000
Location Quotient:
1.18
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Virginia

Total Business Development Officer Jobs:
792
Highest 10% Earn:
$157,000
Location Quotient:
1.17
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Colorado

Total Business Development Officer Jobs:
410
Highest 10% Earn:
$156,000
Location Quotient:
1.04
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Business Development Officer Employers

1. Wells Fargo
4.7
Avg. Salary: 
$47,821
Business Development Officers Hired: 
95+
2. The PNC Financial Services Group
4.9
Avg. Salary: 
$47,821
Business Development Officers Hired: 
54+
3. Stewart Title Co
4.9
Avg. Salary: 
$47,723
Business Development Officers Hired: 
36+
4. Bank of America
4.8
Avg. Salary: 
$47,817
Business Development Officers Hired: 
25+
5. U.S. Bank
4.7
Avg. Salary: 
$75,481
Business Development Officers Hired: 
21+
6. JPMorgan Chase
4.9
Avg. Salary: 
$47,816
Business Development Officers Hired: 
18+

Business Development Officer Videos

Updated October 2, 2020