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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 $58.95 an hour? That's $122,625 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 Director New Business Development Do

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.

Learn more about what a Director New Business Development does

How To Become a Director New Business Development

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 76.2% of directors new business development have a bachelor's degree. In terms of higher education levels, we found that 15.1% of directors new business development have master's degrees. Even though most directors new business development 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 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.

Director New Business Development Career Paths

Average Salary for a Director New Business Development

Directors New Business Development in America make an average salary of $122,625 per year or $59 per hour. The top 10 percent makes over $178,000 per year, while the bottom 10 percent under $84,000 per year.
Average Director New Business Development Salary
$122,625 Yearly
$58.95 hourly
$84,000
10 %
$122,000
Median
$178,000
90 %

What Am I Worth?

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Director New Business Development Education

Director New Business Development Majors

25.9 %
14.0 %

Director New Business Development Degrees

Bachelors

76.2 %

Masters

15.1 %

Associate

4.7 %

Top Colleges for Director New Business Developments

1. University of Georgia

Athens, GA • Private

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

2. University of Wisconsin - Madison

Madison, WI • Private

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

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

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

4. Purdue University

West Lafayette, IN • Private

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 • Private

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

7. University of Texas at Austin

Austin, TX • Private

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 • Private

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

Top Skills For a Director New Business Development

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, 18.9% of directors new business development listed business development on their resume, but soft skills such as creativity and interpersonal skills are important as well.

Choose From 10+ Customizable Director New Business Development Resume templates

Zippia allows you to choose from different easy-to-use Director New Business Development templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Director New Business Development resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Director New Business Development Demographics

Director New Business Development Gender Distribution

Male
Male
69%
Female
Female
31%

After extensive research and analysis, Zippia's data science team found that:

  • Among directors new business development, 30.8% of them are women, while 69.2% are men.

  • The most common race/ethnicity among directors new business development is White, which makes up 71.2% of all directors new business development.

  • The most common foreign language among directors new business development is Spanish at 46.3%.

Online Courses For Director New Business Development That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
New Product Development - develop your own new product
coursera

New product development is essential for the survival of many companies in the Hi-Tec sector, as well as other sectors. The percentage of sales of successful business organizations tied to the successful Introduction of new products and services is high. However, the failure rate of new products development projects is also high and therefore there is a need for a methodology based on a well-designed process as well as tools and techniques to manage New Product Development (NPD) projects. Since...

Sales Fire: B2B Sales & Business Development for Startups
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The Ultimate Sales Methodology for Business Development & B2B Sales to Learn Sales Strategy, Sales Skills & Deal Closing...

Business Development & B2B Sales for Startups- Sales Valley
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The Complete Startup Playbook for Business Development & B2B Sales to learn Lead Generation, Pitching, & Closing Deals...

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Best States For a Director New Business Development

Some places are better than others when it comes to starting a career as a director new business development. The best states for people in this position are California, Washington, Illinois, and Oregon. Directors new business development make the most in California with an average salary of $152,981. Whereas in Washington and Illinois, they would average $148,089 and $140,042, respectively. While directors new business development would only make an average of $139,529 in Oregon, 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. Wisconsin

Total Director New Business Development Jobs:
1,368
Highest 10% Earn:
$192,000
Location Quotient:
1.24 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. Indiana

Total Director New Business Development Jobs:
1,388
Highest 10% Earn:
$200,000
Location Quotient:
1.06 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. California

Total Director New Business Development Jobs:
6,028
Highest 10% Earn:
$221,000
Location Quotient:
1.03 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
Full List Of Best States For Directors New Business Development

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Top Director New Business Development Employers

Most Common Employers For Director New Business Development

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Brightstar$168,869$81.194
2AT&T$162,380$78.075
3CSC Holdings LLC$154,935$74.493
4T-Mobile$153,860$73.975
5Johnson & Johnson$152,987$73.554
6IRI$144,113$69.295
7The Dow Chemical Company$143,842$69.153
8MetLife$140,748$67.674
9American Express$140,648$67.624
10International Flavors & Fragrances$137,181$65.954

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