Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

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?

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • 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!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply 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
1 Program(s) Found
  • Programs include Entertainment Business(BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students explore concepts like marketing, global media management, and business technology and design
  • Online Courses
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, Marketing, and more.
  • 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).
  • Online Courses
1 Program(s) Found
South University , Virginia Beach
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • There's still time to apply to Grand Canyon University and pursue your education. Learn more today!
  • Study on your schedule - GCU offers many programs 100% online to fit your busy lifestyle.
  • GCU offers a variety of opportunities to reduce the cost of furthering your education. Campus students may qualify for scholarships, while online students can take part in limited special offers.
  • A regionally accredited university, GCU also holds specialized accreditations and approvals for some of our core program offerings.
  • Degrees in business, education, nursing, humanities and social sciences, theology and more. Find the degree that fits you.
  • Talk to us today to learn more about financial aid and start dates!
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
1 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
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!