Business Development Job Profile And Description

Business development refers to the field where senior experts on business work with the marketing and sales department and suggest strategies which will help improve the sales of the company. They interact with clients and maintain a solid professional relationship with them so that the client continues to do business with that company and they also look for new opportunities to bring in more clients to the organisation. A business development executive works at the senior level with company managers and plans and creates business development methods to meet the company’s goals. A business development executive may also be known as the director or manager of business development.

Business Development Duties And Responsibilities

The duties and responsibilities of a business development executive will involve:

  • They maintain a mutually beneficial relationship with the existing clients and also actively pursue new ones to do business with
  • They have to research what is required by the customer and makes that strategic offer to the new clients
  • They have to travel a lot, meet people, make presentations, attend conferences and participate in trade shows, exhibitions etc
  • They work with the sales department and together they come with business development strategies to serve the client

Business Development Skills And Specifications                

The skills and specifications that are required of a business development executive include:

  • Excellent communication and networking skills
  • Good decision making ability and presentation skills
  • Smart appearance, good leadership skills and a strong entrepreneurial capability

Business Development Education And Qualification

The education and qualification requirements for a business development executive are as follows:

  • A bachelor’s degree in business administration or an MBA with specialisation in sales and marketing
  • Five years or more work experience

Business Development Salary

The average salary of a business development executive is around $167,000 a year but it can go over $200,000 too.