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Business development officers are responsible for identifying business opportunities and developing strategic ways to improve sales and profits in a business. You will need to collect customer feedback data and analyze if customers are satisfied with the service rendered and the product of the company. You are also responsible for managing product development and supervising development programs for staff. Also, you are in charge of meeting potential investors, presenting what your company has to offer, and negotiating business deals with them while also making sure all relationships with company stakeholders and current investors are kept intact.
You must have communication skills, negotiation skills, management skills, decision-making skills, and problem-solving skills. You must also pay attention to details, be able to travel if necessary, and work in a fast-paced environment. Plus, you must have a bachelor's degree in business management, finance, marketing, accounting, or other related courses. You will earn $65,534 per year on average.
Avg. Salary $77,778
Avg. Salary $59,228
Growth Rate 6%
Growth Rate 0.3%
American Indian and Alaska Native 0.47%
Asian 6.32%
Black or African American 6.13%
Hispanic or Latino 15.01%
Unknown 4.33%
White 67.74%
Genderfemale 37.59%
male 62.41%
Age - 44American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 44Stress level is very high
7.1 - high
Complexity Level is advanced
7 - challenging
Work Life balance is poor
6.4 - fair
Skills | Percentages |
---|---|
Customer Service | 12.92% |
Business Administration | 6.54% |
Financial Services | 6.34% |
Workplace | 5.95% |
SBA | 4.95% |
When your background is strong enough, you can start writing your business development officer resume.
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The average Business Development Officer salary in the United States is $77,778 per year or $37 per hour. Business development officer salaries range between $47,000 and $126,000 per year.
What Am I Worth?
Innovating a business model is key for a profitable business and growth. Without a proper and sustainable business model, even the best product or technology innovations will not flourish. Learn the skills and knowledge needed to start improving your business as you learn through real-life examples from fellow entrepreneurs, innovators and leading experts on business model innovation. Benefit business owners, entrepreneurs, business consultants or business developers who seek better understanding of business models and the tools to develop them.
There's nothing much not to like about this role.
B2B Communication and Building Relationships, Product\Strategy Development and Implementation, Solving Problems
Learn about many businesses and help to improve business profitability with mergers and partnerships.