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How to Become a Business Development Manager

Career News February 25, 2014

A business development manager supervises other workers involved in business development; that is, the efforts of the company to expand territories and generate new business. A manager in this position works with others in the company to spearhead campaigns in marketing, product developing, distribution, contracts, and presentations. This is a job that requires skill in economics, business administration, and financing.

You will be preparing reports for senior management and perhaps even a board of directors, who will review your systems and developments for ideas on how to improve productivity. This career field encompasses production, marketing and sales, and financial analysis. Applicants who specialize in this work oftentimes come from investment banking or management consulting, as this is a major climb from mere managerial duties.

Finding a Job in This Field

Business development requires a business background, including college training in a related field. Many applicants will go to school for a Bachelor of Science degree in a field such as Business Development, or perhaps Business Administration. However, many students are going for a master’s degree education or an MBA, in order to rise above the competition. This is certainly a step in the right direction, but you are also expected to come from a business background. If you have never worked in a corporate environment, it would be shrewd to apply for an internship. You can do this by contacting an academic advisor at school or being proactive and approaching companies related to business development and banking in your area. Even though education is prime, many applicants are reaching out beyond the minimum. For instance, registration with professional associations is becoming common among dedicated workers.

Skills Future Employers Are Looking For

Success in the hiring process is not necessarily about a resume, but about a skill set that the employer finds valuable. For one thing, employers want managers who have excellent communication skills, since they are in charge of resolving internal issues, maintaining contact with clients, and making announcements to the press.

In addition to general communication, a manager should also show strong leadership qualities. He or she oversees the work of other employees, including training sessions, workshops, organizing tasks, and motivating others to follow protocol and meet goals. This requires an organizational mind along with the ability to analyze the system. One of the reasons business experience is vital is because this experience provides you with a working knowledge of how banks and other financial institutions operate.

Be prepared to dive into your work, because a business development manager may be asked to work overtime, and maybe even weekends. Travel is certainly not unheard of, and the job is typically a high-pressure position. Of course, management is never easy but it’s precisely the challenge many students crave since it comes with a higher salary, more professional respect, and a greater opportunity for advancement. Why not check out University of Maryland College Park’s programs in business and finance or check out the schools listed below to learn more about this curriculum?

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  • Boldly pursue your future in business with an online degree from Post University
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  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
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Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses
  • View Associates, Bachelors or Graduate Degree Programs in Business Near YOU!
  • Enter YOUR Needs and Requirements. Get Matched to the Perfect Campus or Online Degree Programs for You.
  • Free information for Business Administration and Management, Accounting, Marketing and Advertising, Business Information Systems Degree Programs and MORE.
  • Accredited, Flexible Business Administration and Management Degree Programs to Fit Your Time and Budget. Use our Matching Service - It's Easy and FREE!
  • Online Courses

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