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What is a business development/product manager and how to become one
Business development/product managers track down sales leads and convince potential customers of the superior quality of the products and services they are selling. They are responsible for nurturing fruitful relationships with sales contacts, visiting clients on location, and attending networking events.
Working in this position, it will be your job to follow up on business leads and arrange meetings with potential clients or partners. You will be responsible for communicating the developments of products and services, so giving presentations will be a regular part of your days. Making sure marketing materials are efficient and align with company goals will also be your duty.
A degree in a finance or marketing-related field might be important to some employers out there but you can always take courses and get yourself certified if you don't feel like investing in a college education. Communication skills and a talent for sales will be more important above anything else, though. You will need to show for experience in the field, and leadership skills will also be non-negotiable.
What general advice would you give to a business development/product manager?
Ahmad Asady
Assistant Professor of Management Faculty Scholar, Challey Institute for Global Innovation and Growth, North Dakota State University
Avg. Salary $101,877
Avg. Salary $59,228
Growth rate 10%
Growth rate 0.3%
American Indian and Alaska Native 0.23%
Asian 8.15%
Black or African American 3.04%
Hispanic or Latino 8.67%
Unknown 5.32%
White 74.58%
Genderfemale 21.21%
male 78.79%
Age - 38American 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 - 38Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
Business development/product manager career paths
Key steps to become a business development/product manager
Explore business development/product manager education requirements
Start to develop specific business development/product manager skills
Skills Percentages Product Development 8.83% Product Management 7.78% Account Management 5.78% Business Growth 4.72% R 4.71% Complete relevant business development/product manager training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New business development/product managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a business development/product manager based on U.S. Bureau of Labor Statistics data and data from real business development/product manager resumes.Research business development/product manager duties and responsibilities
- Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
- Negotiate with OEM s to integrate products and establish royalty base contracts.
- Resolve OEM and wireless-carrier implementation issues.
- Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
Apply for business development/product manager jobs
Now it's time to start searching for a business development/product manager job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first business development/product manager job
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Average business development/product manager salary
The average business development/product manager salary in the United States is $101,877 per year or $49 per hour. Business development/product manager salaries range between $68,000 and $151,000 per year.
What am I worth?
How do business development/product managers rate their job?
Business development/product manager reviews
Rule of thumb with international travel is be ready for serious jet-lag!
rule of thumb with international travel is to have jet-lag non-stop!
Solve tough problems, work on agile teams, outlet for creativity,
high expectations, constantly evolving technology, broad range of topics to learn (product management specifics, industry, technology, software development methods
Its not a specific job, As a product manager your job responsibilities cover many different areas and that's what i love about it.
all other teams think that they are doing a task for you instead of thinking that they are part of a team on a project
Updated January 8, 2025
