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Global business development manager hiring summary. Here are some key points about hiring global business development managers in the United States:
Here's a step-by-step global business development manager hiring guide:
Global business development managers are responsible for analyzing and developing strategies to improve business performance worldwide through data analysis and research. They develop good leadership, interpersonal, and negotiation skills since the job involves writing business proposals, coordinating with stakeholders, determining business strengths, identifying customer needs, and encouraging business partnerships. Being a global business development manager is believed to have a senior role since he/she is considered a crucial member of the team needed by a company to grow business internationally.
Before you start hiring a global business development manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
You should also consider the ideal background you'd like them a global business development manager to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a global business development manager that fits the bill.
This list shows salaries for various types of global business development managers.
| Type of Global Business Development Manager | Description | Hourly rate |
|---|---|---|
| Global Business Development Manager | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $40-75 |
| Business To Business Sales Manager | A business to business sales manager is responsible for monitoring the company's business transactions and ensuring that the team meets sales goals and targets. Business to business sales managers review business accounts and perform adjustments to sales plans as needed to adhere to clients' requests and customer demands... Show more | $20-62 |
| Vice President, Business Development | A vice president of business development is a professional who leads in the execution of business plans and provides new business strategies for an organization. Vice presidents of business development closely work with a team of salespeople, management, and lower-level employees to secure contracts with new customers and manage ongoing agreements... Show more | $50-125 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $139,512 | $67 |
| 2 | California | $139,275 | $67 |
| 3 | Washington | $130,921 | $63 |
| 4 | Maryland | $128,143 | $62 |
| 5 | Massachusetts | $127,132 | $61 |
| 6 | New York | $121,443 | $58 |
| 7 | Oregon | $120,816 | $58 |
| 8 | Texas | $117,415 | $56 |
| 9 | Michigan | $115,654 | $56 |
| 10 | Illinois | $108,585 | $52 |
| 11 | Arizona | $108,410 | $52 |
| 12 | Connecticut | $108,162 | $52 |
| 13 | Arkansas | $103,829 | $50 |
| 14 | Georgia | $103,818 | $50 |
| 15 | Minnesota | $101,648 | $49 |
| 16 | Colorado | $101,377 | $49 |
| 17 | Missouri | $100,864 | $48 |
| 18 | Ohio | $100,586 | $48 |
| 19 | Wisconsin | $98,536 | $47 |
| 20 | Florida | $95,069 | $46 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Clifford Chance | $175,975 | $84.60 | 1 |
| 2 | Reed Smith | $161,319 | $77.56 | |
| 3 | $152,321 | $73.23 | 336 | |
| 4 | The Walt Disney Company | $134,043 | $64.44 | 27 |
| 5 | Alexion Pharmaceuticals | $133,428 | $64.15 | 11 |
| 6 | Yahoo | $132,709 | $63.80 | |
| 7 | Elanco | $132,647 | $63.77 | 6 |
| 8 | Regeneron | $131,664 | $63.30 | 4 |
| 9 | U.S. Pharmacopeia | $130,078 | $62.54 | 5 |
| 10 | Intel | $126,653 | $60.89 | 18 |
| 11 | Northrop Grumman | $119,754 | $57.57 | 80 |
| 12 | HP | $116,922 | $56.21 | 41 |
| 13 | Thermo Fisher Scientific | $115,579 | $55.57 | 234 |
| 14 | Amazon | $115,322 | $55.44 | 489 |
| 15 | Swagelok Company | $115,321 | $55.44 | 4 |
| 16 | Avnet | $115,074 | $55.32 | 9 |
| 17 | Halliburton | $113,963 | $54.79 | 4 |
| 18 | Panasonic Electric Works Corporation of America Inc | $111,626 | $53.67 | |
| 19 | Couchbase | $111,525 | $53.62 | |
| 20 | SmartThings | $110,901 | $53.32 |
A job description for a global business development manager role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a global business development manager job description:
There are various strategies that you can use to find the right global business development manager for your business:
During your first interview to recruit global business development managers, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the global business development manager candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new global business development manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
There are different types of costs for hiring global business development managers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new global business development manager employee.
You can expect to pay around $116,291 per year for a global business development manager, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for global business development managers in the US typically range between $40 and $75 an hour.