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What is a market development director and how to become one
A market development director plays a significant role in directing the business strategies of a company or organization. They work hand in hand with the sales, marketing, and customer solutions departments in ensuring high revenue and client growth.
To be an effective market development director, one has to nurture partner and client relationships, research on the company's target market, and analyze the company's performance based on key metrics. Thus, they have to possess efficient research skills, interpersonal communication skills, and fluency in the sales and marketing industry.
Being a market development director is a high-level position that requires at least 8 years of experience in corporate development and a Bachelor's degree in business, marketing, or related fields. An MBA or graduate degree is also usually preferred.
Because of these requirements and the nature of work that a market development director handles, they earn an average of $75.72 per hour, with a chance to be one of the executives in the company they're working for.
What general advice would you give to a market development director?
Andrew Spicer
Associate Professor, Website
Avg. Salary $147,338
Avg. Salary $59,228
Growth rate 10%
Growth rate 0.3%
American Indian and Alaska Native 0.23%
Asian 8.15%
Black or African American 3.04%
Hispanic or Latino 8.67%
Unknown 5.32%
White 74.58%
Genderfemale 31.21%
male 68.79%
Age - 38American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 38Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
Market development director career paths
Key steps to become a market development director
Explore market development director education requirements
Start to develop specific market development director skills
Skills Percentages Healthcare 15.86% Market Development 12.16% Business Development 10.01% CRM 7.61% Business Relationships 3.95% Complete relevant market development director training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New market development directors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a market development director based on U.S. Bureau of Labor Statistics data and data from real market development director resumes.Research market development director duties and responsibilities
- Lead global project to commercialize expand portfolio of adhesive utilizing company synergies to establish a strong, highly-competitive distribution channel.
- Conceptualize and direct the development of a mainframe relational marketing customer database (CRM).
- Create an accountability base culture through utilization of company CRM by running regular reports for sales team to track their progress.
- Maximize equipment productivity by ensuring proper placement and usage by developing working relationship with suppliers, distributors and their sales force.
Get market development director experience
Generally, it takes 8-10 years to become a market development director. The most common roles before becoming a market development director include account executive, marketing manager team lead and sales representative.Prepare your market development director resume
When your background is strong enough, you can start writing your market development director resume.
You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a market development director resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.
Choose from 10+ customizable market development director resume templates
Build a professional market development director resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your market development director resume.
Apply for market development director jobs
Now it's time to start searching for a market development director job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first market development director job
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Average market development director salary
The average market development director salary in the United States is $147,338 per year or $71 per hour. Market development director salaries range between $102,000 and $211,000 per year.
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Updated January 8, 2025
