Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Job Description and Requirements for Business Development Managers

Job Descriptions September 22, 2015

Overview of Business Development Managers Job Description

A substantial formal education is required for business development managers. These are the individuals who are accountable for driving the growth of their firms through motivating their employees as well as bringing about new business opportunities. It is very crucial for a business development manager to obtain comprehensive knowledge of the marketplace and firm’s competitors.

In the same way, he or she needs to work closely with the marketing and sales departments to point out prospects, go over the contracts and create proposals. Take into consideration that entry-level task in this area usually requires a bachelor’s degree in the field of business administration or any related field of study and also about 3 to 4 years of marketing and sales experience. Be that as it may, some employers go for candidates who obtained a master’s degree. Not to mention, a business development manager must be an exceptional problem solver, is highly motivated and finds finance and business as his or her first love.

Business Development Manager Job Duties

It is the business development manager’s responsibility to promote the business where he or she works. He or she will work with the marketing and sales departments and will be responsible for developing training plans in order to coach and motivate the workers of the firm to work harder and be more productive. Further, he or she must be excellent in strategic planning since his or her main role is to promote the channel of new enterprise coming in to the firm. In reality, this necessitates deeper knowledge of the firm’s competitors and marketplace.

It is the business development manager’s responsibility to:

•Devise proposals as well as specifications
•Hire instructors
•Design training programs
•Negotiate review with prospects
•Administer workshops
•Work together with the marketing department
•Competitive analysis

Other Requirements

To land a business development management position, you are required to complete a bachelor’s degree. A candidate should also have a minimum of 3 to 5-year experience in the field of sales and marketing. Likewise, please be guided that a graduate degree is commonly requested.

Bachelor of Science in Business Administration

Classes that underscore leadership like the following are required:

•Human Resource Management
•Managerial Economics
•Small Business Management
•Entrepreneurial Finance
•Cost Accounting

Master of Business Administration

This has certainly long been held in the field of business as the gold standard of graduate degrees. Typically, this takes about 2 years to finish if the courses are earned full-time. Programs or classes that focus on entrepreneurial business development may offer courses such as the following:

•Employment Law for Managers
•Managerial Communications
•Knowledge Management
•Conflict Resolution and Negotiation
•Competitive Intelligence

Job Outlook and Information about Salary

The median wage of a business development manager is around $72,006. This was revealed by PayScale.com and this is as of the period of December 2014. On the other hand, the U.S. Bureau of Labor Statistics specified that the employment of managers in the field of training and development is proposed to rise by approximately 11% between the years 2012 and 2022.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • An online education institution dedicated to the study of Business Administration and Management.
  • Provides guidance and support for each student from their first course to graduation and beyond through its Academic Mentoring program.
  • Accepts transfer credits from accredited colleges and universities based on a course-by-course evaluation.
  • Offers flexible payment plans designed to help students find the best options for their specific needs including scholarships, fellowships, and employer-sponsored tuition.
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
  • Regent is ranked among Top National Universities by U.S. News & World Report, 2019.
  • Flexible online, on-campus and evening courses offered in 135 areas of study, including Business, Nursing, Psychology, & more.
  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
  • 88% of Regent University students receive financial aid, with $24 million awarded in institutional scholarships & aid in 2017-18.
  • Online Courses
3 Program(s) Found
  • Lancaster Bible College|Capital Seminary & Graduate School is a private Bible college composed of undergraduate, accelerated undergraduate and graduate learners.
  • Lancaster Bible College|Capital Seminary & Graduate School's mission has remained constant since 1933:
  • Lancaster Bible College|Capital Seminary & Graduate School offers 50+ majors, 8 academic departments and a variety of mission/ministry groups.
  • Lancaster Bible College's programs offer flexible degree formats. Our programs allow you to continue working in your current field, and apply life experiences as credits in certain instances.
  • Lancaster Bible College|Capital Seminary & Graduate School believes that God gave you a unique set of gifts. Now, He's giving you the opportunity to use them
  • Online Courses

Showing schools in your area

Matching School Ads
5 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
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • An online education institution dedicated to the study of Business Administration and Management.
  • Provides guidance and support for each student from their first course to graduation and beyond through its Academic Mentoring program.
  • Accepts transfer credits from accredited colleges and universities based on a course-by-course evaluation.
  • Offers flexible payment plans designed to help students find the best options for their specific needs including scholarships, fellowships, and employer-sponsored tuition.
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
  • Regent is ranked among Top National Universities by U.S. News & World Report, 2019.
  • Flexible online, on-campus and evening courses offered in 135 areas of study, including Business, Nursing, Psychology, & more.
  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
  • 88% of Regent University students receive financial aid, with $24 million awarded in institutional scholarships & aid in 2017-18.
  • Online Courses
3 Program(s) Found
  • Lancaster Bible College|Capital Seminary & Graduate School is a private Bible college composed of undergraduate, accelerated undergraduate and graduate learners.
  • Lancaster Bible College|Capital Seminary & Graduate School's mission has remained constant since 1933:
  • Lancaster Bible College|Capital Seminary & Graduate School offers 50+ majors, 8 academic departments and a variety of mission/ministry groups.
  • Lancaster Bible College's programs offer flexible degree formats. Our programs allow you to continue working in your current field, and apply life experiences as credits in certain instances.
  • Lancaster Bible College|Capital Seminary & Graduate School believes that God gave you a unique set of gifts. Now, He's giving you the opportunity to use them
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!