Job Description
In many organizations a business development manager is also called the business planner or the economist of the organization. The main ingredient of his job is to explore and exploit the latest and lucrative business opportunities that would help the company to become a successful one. These days, it has become vital that a potential candidate must have considerable years of sales expertise to understand the nerves of the prospective customers. The decision making ability of a business development manager clearly demonstrates the level of expertise that an individual possesses in the field.
In big sized organizations, a business development manager works in collaboration with the sales and marketing teams to see what can be done to increase the company's contacts which might prove fruitful in the coming days.
Responsibilities of a Business Development Manager
One of the most prominent responsibilities of a business development executive is to conduct extensive and result-oriented market research along with preparing detailed business plans. A business development manager needs to be a team man as he is the one who needs to cultivate team spirit. One more crucial responsibility of a business development manager is to carry out strict analysis of company's strengths, weaknesses and threats if any.
Academic Qualifications
On the educational side, a business development manager needs to have at least a Bachelors Degree in management with some years of experience. If at the start up level, the candidate must have complete understanding of all the components that are required to become an effectual Business Development Manager.
Skills Required in Becoming a Business Development Manager
One most important skill required by each and every Business Development Manager is to clearly represent its view point in front of the customers, both in written form and by speech. A successful business development manager is the one who has the urge to work as per the deadlines and complete the deadlines on time, always. He needs to have an analytical mind to identify the key actions that are required to be performed to accomplish the organization's objectives.
Employment Outlook for Business Development Manager Jobs
A business development is needed in every industry as there is no industry that can survive without a business development manager. Average salary earned by a business development manager is in the range of $35,000 to $40,000.
The ones who have excellent marketing skills can make out a career as a business development manager as the career promises great growth.
