1. What is the average salary of a Business Development Manager?
The average annual salary of Business Development Manager is $142,271.
In case you are finding an easy salary calculator,
the average hourly pay of Business Development Manager is $68;
the average weekly pay of Business Development Manager is $2,736;
the average monthly pay of Business Development Manager is $11,856.
2. Where can a Business Development Manager earn the most?
A Business Development Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Business Development Manager earns the most in San Jose, CA, where the annual salary of a Business Development Manager is $178,550.
3. What is the highest pay for Business Development Manager?
The highest pay for Business Development Manager is $179,404.
4. What is the lowest pay for Business Development Manager?
The lowest pay for Business Development Manager is $107,129.
5. What are the responsibilities of Business Development Manager?
Business Development Manager manages the daily execution of the business development strategy, plans, and processes to drive sales, increase revenue, expand markets, and accomplish financial objectives. Coaches teams in best practices and effective tactics for prospecting new markets, partners, channels, and customers. Being a Business Development Manager establishes team targets and metrics to measure the achievement of objectives. Develops and uses contacts and relationships within the industry, business environment, and customer base to understand and respond to competition, pricing, and product demand changes. Additionally, Business Development Manager makes suggestions for new product offerings or improvements to sales or marketing efforts. May administer or negotiate new business proposals and prepare contracts. Typically requires a bachelor's degree. Typically reports to a director. The Business Development Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Business Development Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
6. What are the skills of Business Development Manager
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
2.)
Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
3.)
Promotion: Developing and implementing promotional activities to attract and increase the awareness of customers in buying products.
