Business Development Manager

A Business Development Manager identifies new business opportunities, negotiates partnerships and contracts, and develops strategies to drive revenue growth and expand market share.
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Business Development Manager

Indeed
Market
National (USA)
Base Salary
$81,674 / year
Satisfaction
60%
Additional Benefits
Yes
Industry
All
Education
Master's Degree

The average salary for Business Development Manager is $81,674 / year according to Indeed.com

There are no updated reports for Business Development Manager salaries. You can check potential lateral job opportunities in this information stack to find related salary information.

Business Development Manager role may have an alternate title depending on the company. To find more information, you can check Indeed.com.

Career Information

As a Business Development Manager, you will be responsible for identifying and pursuing new business opportunities for an organization. You will need strong sales and negotiation skills, as well as knowledge of market research and business strategy. Proficiency in CRM (Customer Relationship Management) software and data analysis tools is essential. Strong communication and relationship-building skills are also important, as you will be responsible for building and maintaining partnerships and client relationships.

The average salary for Business Development Manager is $81,674 / year according to Indeed.com
AI Disclaimer
The following text about the Job role of Business Development Manager has been generated by an AI model developed by OpenAI. While efforts have been made to ensure the accuracy and coherence of the content, there is a possibility that the model may produce hallucinated or incorrect information. Therefore, we strongly recommend independently verifying any information provided in this text before making any decisions or taking any actions based on it.

A Business Development Manager is a professional who is responsible for developing and implementing growth opportunities within an organization. They are responsible for identifying new markets, creating strategies to increase sales, and developing relationships with potential customers.

The most important skills for a Business Development Manager include strong communication, negotiation, and problem-solving skills. They must be able to effectively communicate with customers, vendors, and other stakeholders. They must also be able to negotiate deals and resolve conflicts.

The primary tasks of a Business Development Manager include researching potential markets, developing strategies to increase sales, and creating relationships with potential customers. They must also be able to identify and analyze trends in the industry and develop strategies to capitalize on them. Additionally, they must be able to develop and maintain relationships with existing customers and vendors.

Business Development Managers must also be able to create and manage budgets, track progress, and report results. They must be able to develop and implement marketing plans and campaigns. They must also be able to analyze data and use it to make decisions.

Finally, Business Development Managers must be able to work with other departments to ensure that the organization’s goals are met. They must be able to collaborate with other departments to ensure that the organization’s strategies are implemented effectively. They must also be able to provide feedback and guidance to other departments.

Potential Lateral Jobs
Explore the wide range of potential lateral job opportunities and career paths that are available in this role.

High-ROI Programs

Most roles require at least a bachelor's degree. To remain competitive, job seekers should consider specialization or skill-specific programs such as specialization, bootcamps or certifications.
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Resource Stacks

We are soon crowdsourcing these resource stacks to collate the best resources, such as publications, community groups, job boards, etc., that are practically suitable for every contextual stack.
Publications
Discover the wide array of publications that professionals in this role actively engage with, expanding their knowledge and staying informed about the latest industry trends and developments.
Communities updating
Discover the thriving communities where professionals in this role come together to exchange knowledge, foster collaboration, and stay at the forefront of industry trends.
Research updating
We are currently in the process of updating contextual resources and we will be adding the new ones to the list shortly.
AI Disclosure: We are testing AI technologies to ensure the accuracy and coherence of recommendations. However, it is important to note that there is a possibility that the model may create hallucinated or incorrect inferences. Therefore, we highly recommend independently verifying any information provided in these stacks before making any decisions or taking any actions based on it.
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