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The head of business development is employed to develop and implement new market initiatives. Likewise, he/she assesses new markets and evaluates business opportunities. He/She plans and directs all aspects of business development policies, objectives, and strategies in an organization. He/She may oversee licensing initiatives and programs. Other duties include negotiating contracts, initiating proposals, and closing deals. Asides from that, he/she performs financial feasibility studies. Furthermore, he/she develops proposals for new business opportunities. Additionally, he/she identifies, reviews, and implements policies that support business development.

For this position, you need at least a bachelor's degree in business administration or a relevant field. You must have prior experience in a related position. You must possess communication, leadership, listening, presentation, problem-solving, decision-making, and negotiation skills. Also, you must be proficient in CRM software. The head of business development makes around $116,235 in a year. It varies from $62,000 to $219,000.

There is more than meets the eye when it comes to being a head of business development. For example, did you know that they make an average of $69.32 an hour? That's $144,183 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 Head Of Business Development Do

There are certain skills that many heads of 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 analytical skills, communication skills and creativity.

Learn more about what a Head Of Business Development does

How To Become a Head Of Business Development

If you're interested in becoming a head of business development, one of the first things to consider is how much education you need. We've determined that 63.2% of heads of business development have a bachelor's degree. In terms of higher education levels, we found that 24.0% of heads of business development have master's degrees. Even though most heads of 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 head of business development. When we researched the most common majors for a head of 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 head of business development resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become a head of business development. In fact, many head of business development jobs require experience in a role such as internship. Meanwhile, many heads of business development also have previous career experience in roles such as vice president or business development manager.

Head Of Business Development Career Paths

Average Salary for a Head Of Business Development

Heads Of Business Development in America make an average salary of $144,183 per year or $69 per hour. The top 10 percent makes over $222,000 per year, while the bottom 10 percent under $93,000 per year.
Average Head Of Business Development Salary
$144,183 Yearly
$69.32 hourly
$93,000
10 %
$144,000
Median
$222,000
90 %

What Am I Worth?

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Head Of Business Development Education

Head Of Business Development Majors

22.0 %
9.0 %

Head Of Business Development Degrees

Bachelors

63.2 %

Masters

24.0 %

Associate

4.0 %

Top Colleges for Head Of 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. University of Texas at Austin

Austin, TX • Private

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

7. University of Southern California

Los Angeles, CA • Private

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

8. Ohio State University

Columbus, OH • Private

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

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 Head Of 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, 7.5% of heads of business development listed cloud on their resume, but soft skills such as analytical skills and communication skills are important as well.

Choose From 10+ Customizable Head Of Business Development Resume templates

Zippia allows you to choose from different easy-to-use Head Of Business Development templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Head Of 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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Head Of Business Development Demographics

Head Of Business Development Gender Distribution

Male
Male
74%
Female
Female
26%

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

  • Among heads of business development, 25.8% of them are women, while 74.2% are men.

  • The most common race/ethnicity among heads of business development is White, which makes up 71.7% of all heads of business development.

  • The most common foreign language among heads of business development is Spanish at 27.2%.

Online Courses For Head Of 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.
Business Strategy Development: The Art of Differentiation
udemy
4.5
(1,582)

Learn 3 key business strategy tools. Improve your business innovation skills and drive profitable business development...

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
udemy
4.3
(533)

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

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Best States For a Head Of Business Development

Some places are better than others when it comes to starting a career as a head of business development. The best states for people in this position are Washington, Massachusetts, Connecticut, and Oregon. Heads of business development make the most in Washington with an average salary of $177,666. Whereas in Massachusetts and Connecticut, they would average $168,637 and $167,272, respectively. While heads of business development would only make an average of $166,236 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. Washington

Total Head Of Business Development Jobs:
1,619
Highest 10% Earn:
$246,000
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

2. Massachusetts

Total Head Of Business Development Jobs:
2,038
Highest 10% Earn:
$240,000
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

3. Oregon

Total Head Of Business Development Jobs:
893
Highest 10% Earn:
$233,000
Location Quotient:
1 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 Heads Of Business Development

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Top Head Of Business Development Employers

Most Common Employers For Head Of Business Development

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1eBay$194,014$93.285
2Microsoft$179,189$86.1521
3Nokia$161,615$77.7015
4Novartis$145,383$69.905
5Citi$129,208$62.124
6Siemens$126,753$60.945
7BNY Mellon$123,513$59.384
8Syngenta$123,043$59.164
9Thomson Reuters$117,419$56.455
10Splunk$114,775$55.1814