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Business Development/Product Manager Careers

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.

There is more than meets the eye when it comes to being a business development/product manager. For example, did you know that they make an average of $52.27 an hour? That's $108,723 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.

What Does a Business Development/Product Manager Do

There are certain skills that many business development/product 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 creativity, interpersonal skills and organizational skills.

When it comes to the most important skills required to be a business development/product manager, we found that a lot of resumes listed 8.0% of business development/product managers included product development, while 7.1% of resumes included product management, and 6.2% of resumes included sales goals. 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/product manager job title. But what industry to start with? Most business development/product managers actually find jobs in the technology and manufacturing industries.

How To Become a Business Development/Product Manager

If you're interested in becoming a business development/product manager, one of the first things to consider is how much education you need. We've determined that 42.4% of business development/product managers have a bachelor's degree. In terms of higher education levels, we found that 47.8% of business development/product managers have master's degrees. Even though most business development/product managers have a college degree, it's impossible 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/product manager. When we researched the most common majors for a business development/product manager, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on business development/product manager resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a business development/product manager. In fact, many business development/product manager jobs require experience in a role such as product manager. Meanwhile, many business development/product managers also have previous career experience in roles such as regional sales manager or business development manager.

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Average Salary
$108,723
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
94,850
Job Openings

Business Development/Product Manager Career Paths

Top Careers Before Business Development/Product Manager

Top Careers After Business Development/Product Manager

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Business Development/Product Manager

Business Development/Product Managers in America make an average salary of $108,723 per year or $52 per hour. The top 10 percent makes over $152,000 per year, while the bottom 10 percent under $77,000 per year.
Average Salary
$108,723

Best Paying Cities

City
ascdesc
Average Salarydesc
San Jose, CA
Salary Range101k - 188k$138k$138,054
New York, NY
Salary Range100k - 168k$130k$129,987
West Hartford, CT
Salary Range97k - 162k$126k$125,600
Hopkinsville, KY
Salary Range58k - 103k$78k$77,871
$58k
$188k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Business Development Manager-Consumer Products
Business Development Manager-Consumer Products
Randstad
Randstad
12/21/2020
12/21/2020
$75,00012/21/2020
$75,000
Business Development/Product Manager
Business Development/Product Manager
Randstad
Randstad
08/06/2019
08/06/2019
$75,00008/06/2019
$75,000
Product and Business Development Manager
Product and Business Development Manager
Freudenberg-NOK General Partnership
Freudenberg-NOK General Partnership
03/29/2019
03/29/2019
$95,00003/29/2019
$95,000
Manager, Product and Business Development
Manager, Product and Business Development
Gerresheimer Peachtree City (USA) L.P.
Gerresheimer Peachtree City (USA) L.P.
10/16/2018
10/16/2018
$137,17610/16/2018
$137,176
Product Manager, Control Arms and Moog Business Development
Product Manager, Control Arms and Moog Business Development
Federal-Mogul Motorparts Corporation
Federal-Mogul Motorparts Corporation
05/09/2018
05/09/2018
$97,15705/09/2018
$97,157
See More Recent Salaries

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Business Development/Product Manager Demographics

Gender

male

72.5 %

female

22.3 %

unknown

5.2 %

Ethnicity

White

73.9 %

Hispanic or Latino

10.5 %

Asian

8.8 %

Foreign Languages Spoken

Spanish

34.8 %

French

14.5 %

Mandarin

11.6 %
See More Demographics

Business Development/Product Manager Education

Majors

Business
23.9 %
Marketing
11.8 %

Degrees

Bachelors

69.6 %

Masters

17.0 %

Certificate

6.3 %

Top Colleges for Business Development/Product Managers

1. University of Georgia

Athens, GA • Public

In-State Tuition
$11,830
Enrollment
29,474

2. University of Wisconsin - Madison

Madison, WI • Public

In-State Tuition
$10,555
Enrollment
30,360

3. University of Minnesota - Twin Cities

Minneapolis, MN • Public

In-State Tuition
$14,760
Enrollment
31,451

4. Purdue University

West Lafayette, IN • Public

In-State Tuition
$9,992
Enrollment
33,495

5. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

6. Ohio State University

Columbus, OH • Public

In-State Tuition
$10,726
Enrollment
45,769

7. University of Texas at Austin

Austin, TX • Public

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

8. University of Southern California

Los Angeles, CA • Private

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

9. University of Pennsylvania

Philadelphia, PA • Private

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

10. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Business Development/Product Manager

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, 8.0% of business development/product managers listed product development on their resume, but soft skills such as creativity and interpersonal skills are important as well.

Best States For a Business Development/Product Manager

Some places are better than others when it comes to starting a career as a business development/product manager. The best states for people in this position are Rhode Island, Washington, Minnesota, and New York. Business development/product managers make the most in Rhode Island with an average salary of $138,012. Whereas in Washington and Minnesota, they would average $129,613 and $128,736, respectively. While business development/product managers would only make an average of $128,385 in New York, 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. Washington

Total Business Development/Product Manager Jobs:
1,879
Highest 10% Earn:
$199,000
Location Quotient:
1.08
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. Montana

Total Business Development/Product Manager Jobs:
430
Highest 10% Earn:
$181,000
Location Quotient:
1.56
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. Rhode Island

Total Business Development/Product Manager Jobs:
203
Highest 10% Earn:
$212,000
Location Quotient:
0.7
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/Product Manager Employers

1. Sprint
4.4
Avg. Salary: 
$117,989
Business Development/Product Managers Hired: 
5+
2. Lucent Technologies
4.5
Avg. Salary: 
$129,991
Business Development/Product Managers Hired: 
5+
3. Microsoft
4.9
Avg. Salary: 
$142,629
Business Development/Product Managers Hired: 
5+
4. Texas Instruments
4.8
Avg. Salary: 
$138,454
Business Development/Product Managers Hired: 
5+
5. HP
4.8
Avg. Salary: 
$126,208
Business Development/Product Managers Hired: 
4+
6. AT&T
4.8
Avg. Salary: 
$121,164
Business Development/Product Managers Hired: 
4+

Business Development/Product Manager Videos

Updated October 2, 2020