What does a Business Development Manager do?
Business development managers are hired to grow an existing business by finding new and relevant opportunities. They develop an attainable business development strategy often focused on financial gain for the company and arrange business development meetings with prospective clients.
Business development managers follow up with leads, establish relationships with potential new clients, and arrange appointments for sales executives. They research potential accounts within their targeted markets and pursue leads. They follow through with leads, looking for a successful agreement or arrangement. They have an understanding of their target markets, and collaborate with design and sales teams at organizations to ensure the requirements and protocol are met. They attend business meetings with prospective clients and promote the company's products and services while addressing or predicting clients’ current and future objectives. Business development managers need a minimum bachelor’s degree in business administration, business management, finance, accounting, marketing, or related fields.
Business Development Manager Salaries
Average Base Pay
Business Development Manager Career Path
Learn how to become a Business Development Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.