If you are a new Business Developer Manager, you are responsible for growing the business by finding new opportunities for profit, research leads, establishing a relationship with clients, and arranging appointments for sales executives. You will work to improve your organization's market position. You will often work with internal teams like the marketing staff and other managers to increase sales opportunities.

You will be responsible for generating revenue for your company. To become a New Business Development Manager, you must have a bachelor's degree in marketing, business, or a related field. You need to have basic knowledge of CFM software and MS Office. There are companies that prefer you to hold a master's degree in management. At the very least, you need to understand market and marketing strategies.

The top skills you need to develop are creative skills to work with teams and customers, critical thinking, communication and analytical skills, and negotiation skills. You must be goal-focused and organized. You can make an average annual salary of $104,000 if you are good at your job.

What Does a New Business Development Do

There are certain skills that many 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 New Business Development does

How To Become a New Business Development

If you're interested in becoming a new business development, one of the first things to consider is how much education you need. We've determined that 72.7% of new business development have a bachelor's degree. In terms of higher education levels, we found that 9.8% of new business development have master's degrees. Even though most new business development have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a New Business Development

New Business Development Career Paths

Average Salary for a New Business Development

New Business Development in America make an average salary of $84,261 per year or $41 per hour. The top 10 percent makes over $122,000 per year, while the bottom 10 percent under $57,000 per year.
Average New Business Development Salary
$84,261 Yearly
$40.51 hourly
$57,000
10 %
$84,000
Median
$122,000
90 %

What Am I Worth?

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New Business Development Education

New Business Development Majors

32.3 %
12.8 %

New Business Development Degrees

Bachelors

72.7 %

Associate

11.1 %

Masters

9.8 %

Top Colleges for 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 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, 13.0% of 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 New Business Development Resume templates

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

New Business Development Gender Distribution

Male
Male
63%
Female
Female
37%

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

  • Among new business development, 36.8% of them are women, while 63.2% are men.

  • The most common race/ethnicity among new business development is White, which makes up 71.9% of all new business development.

  • The most common foreign language among new business development is Spanish at 52.7%.

Online Courses For New Business Development That You May Like

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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...

Customer Insights: New Product Development Orientation
coursera

This course is the first in the Customer Insights and New Product Development (CIPD) specialization. It will introduce learners to the tools and process of gathering customer insights for identifying and developing new product opportunities. Through an integrated set of five modules and hands-on project experiences, learners will acquire the knowledge and skills to turn their ideas gained from understanding customer needs into innovative new products...

Customer Service
udemy
4.6
(4,889)

How to Approach New Customers and Maintain Existing Ones...

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Best States For a New Business Development

Some places are better than others when it comes to starting a career as a new business development. The best states for people in this position are New Jersey, California, Nevada, and Delaware. New business development make the most in New Jersey with an average salary of $94,425. Whereas in California and Nevada, they would average $93,479 and $92,065, respectively. While new business development would only make an average of $91,325 in Delaware, 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. Nevada

Total New Business Development Jobs:
653
Highest 10% Earn:
$156,000
Location Quotient:
1.47

2. Ohio

Total New Business Development Jobs:
2,776
Highest 10% Earn:
$129,000
Location Quotient:
1.28

3. Wisconsin

Total New Business Development Jobs:
1,445
Highest 10% Earn:
$128,000
Location Quotient:
1.23
Full List Of Best States For New Business Development

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Top New Business Development Employers

Most Common Employers For New Business Development

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1AT&T$104,936$50.457
2The Coca-Cola Company$103,412$49.724
3Groupon$94,615$45.493
4BASF$93,851$45.125
5DXC Technology$93,752$45.074
6North Country Business Products$92,243$44.353
7Dahill Office Technology Corporation$92,032$44.254
8U.S. Bank$90,422$43.4715
9Idaho Press$89,202$42.893
10National Account Service Company LLC$86,809$41.745

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