Jobs in Business Development

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Jobs in business development have been continually growing these past years despite economic downturns experienced in all major economies all over the world. The advent of new emerging and newly developed products especially those in the sectors of high technology, medicine, and manufacturing have been the steady source of the influx of numerous business development-related jobs.

It cannot be denied that the busy schedules and upbeat lifestyles of people resulted to the high demand in convenient-goods such as instant food and clothing, easy access to banks, and other major commercial institutions as well as access to basic social services. In the quest for humans to have an easy and hassle-free world, new inventions in technology especially in the field of telecommunications have been rapidly increasing. Since everything in this world is connected to one another, any change in the demand of one product or service will similarly lead to the increase in the demand for the workforce involved in the production of that specific product or service. The numerous business development employment encompass all sectors or industries existing in an economy thus the need for these business development jobs such as business development directors, business development assistants, and business development specialists are very vital in the operation of any business large or small. In order for us to have a better understanding of the details of these jobs, we will try to know more about each job.

One of the jobs in business development that is essential and important in the successful operation of a company is that of the business development director. This position requires the interested applicant to have a knack for business opportunities and excellent sales, strategy, negotiations, finance, and people skills. As a business development director, the task of improving the company’s financial prosperity is on your shoulders as well as the enhancement of the company’s market position. You should be able to identify long-term organizational strategic goals, maintain wide-ranging knowledge of current market conditions, build key customer relationships, and negotiate and close business deals. The specific responsibilities may include any or all of the following: developing business plans including marketing strategies, deliver proposals and presentations, and pursue sales leads and possible clients and other assigned tasks whenever necessary. Main qualification for this job is attainment of a bachelor’s degree with preference to a master’s in business administration and a minimum of 5 years work experience. Other qualification that may be included is knowledge of the specific industry, strategy and management experience, and proven revenue generation. Possessing skills that can be an advantage over other applicants such as excellent financial, communication and analytical skills; personal attributes like strong leadership capabilities, strong writing and presentation skills, self-motivation, and outstanding ability to sell can be in handy should the competition turn stiff. The average salary for a business development director ranges from $88,000 to $168,000 depending on the type of organization. Non-profit organizations offer salary average that ranges from $60,000 t0 $118,000 while private companies pay on the average $74,000 to $132,000.

One of the jobs in business development that is equally important as the business development director is that of the business development assistant. As an assistant, your prime function is to attract new customers to buy the company’s products and/or services to increase sales and company revenue. The objective of an assistant is to introduce goods and products to customers and close the deal with a sale. Other than giving support to the business development team, mandatory tasks such as office administrative tasks- capturing client information, correspondence and communicate with top management new development ideas are some of the features and functions of this job. Companies seek applicants with a bachelor’s degree in marketing, business, or experience in direct sales. The job outlook for these business development jobs including employment in marketing, advertising, public relations, and sales managers is very promising with an expected increase of 13 percent through 2018. Business development assistants are being paid on the average around $35,809 to $71,494 as of July 2010. There are still many other jobs in business development that can be applied as long as you have the patience and determination in making it big in this career.

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 bachelor's degree  engineering  economic downturn  business opportunity  managers  marketing strategy  moment  business development  salary  manufacturing

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