How to Become a Business Development Manager
(14 courses)What do I need to study to become a Business Development Manager?
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Definition of Business Development Manager
Business Development Managers are responsible for improving an organisation’s market position and achieving financial growth, this is a critical role for any business aiming to expand which means that these professionals are in high demand across many sectors.
Working with the sales team, marketing staff and department managers, the Business Development Manager aims to increase sales opportunities and maximise profits by identifying sales leads and acquiring new clients
They outline long-term strategic goals, build customer relations and maintain up to date knowledge of market conditions enabling companies to develop and diversify.
A Business Development Manager is also involved in managing and maintaining existing clients, liaising often to determine services, products and solutions that meet or predict a client’s needs and ensure they remain positive and satisfied.
What are the responsibilities of a Business Development Manager ?
- Developing and implementing plans and strategies for financial growth and market expansion.
- Increasing sales opportunities and maximising profits.
- Retaining and managing client relationships and satisfaction.
- Writing and presenting strategies and business proposals.
- Ascertaining and following local and international industry trends.
- Researching and acquiring new clients
- Maintaining in-depth knowledge of business products and industry practices.
- Drafting contracts and reports.
- Identifying and anticipating customer needs.
Career Outlook for Business Development Manager
The average age of people working as is 41 with 62.30% of them being male. 89.50% of are employed full-time and they typically work around 42.9 hours per week.
Unemployment is below average and, with A Bachelor Degree or higher, the average Community Worker can earn around $1,858 per week Before Tax. In 2015 there were 125,900 working and the future growth of the profession is predicted to be moderate, with numbers around 132,500 in 2020.