Director of new business development is responsible for increasing company revenue by identifying and developing new business opportunities as well as expanding brand presence. They lead cross-functional teams, manage existing partnerships, and evaluate company business goals.
The duties and responsibilities that they perform in this capacity include building internal and external relationships, identifying new business opportunities, directing strategic marketing, supporting operations planning, and developing proposals and presentations for new business opportunities. Essential skills required for the job include relationship management, strategic planning, operations enhancement, team coordination, and communication. Generally, such position holders have at least a bachelor's degree in business administration or a similar field. However, many companies prefer to hire candidates with a master's degree and prior proven and relevant work experience.
The average hourly salary for the position is $48.93, which amounts to $101,782 annually. Moreover, the career is expected to grow in the following years to come and create new opportunities across the United States.
There is more than meets the eye when it comes to being a director new business development. For example, did you know that they make an average of $47.27 an hour? That's $98,312 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
There are certain skills that many directors new business development 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 director new business development, we found that a lot of resumes listed 18.9% of directors new business development included business development, while 7.8% of resumes included project management, and 7.5% 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 director new business development job title. But what industry to start with? Most directors new business development actually find jobs in the manufacturing and media industries.
If you're interested in becoming a director new business development, one of the first things to consider is how much education you need. We've determined that 70.4% of directors new business development have a bachelor's degree. In terms of higher education levels, we found that 13.9% of directors new business development have master's degrees. Even though most directors new business development 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 director new business development. When we researched the most common majors for a director new business development, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on director new business development resumes include associate degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a director new business development. In fact, many director new business development jobs require experience in a role such as account executive. Meanwhile, many directors new business development also have previous career experience in roles such as senior account executive or marketing director.