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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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Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
  • Financial Aid
  • Transferable Credits
3 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right IT, Computer Science, Cybersecurity, Software and Application Development, Web Design or Technology Management Degree Program for YOU.
  • Affordable and Flexible Information Technology Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect IT/Computer Science Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

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