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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.

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2 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
5 Program(s) Found
  • Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
  • Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
  • Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.
  • Online Courses
  • Financial Aid
  • Transferable Credits
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  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
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