What does a Business Developer III do?

A Business Developer works as the tip of the spear producing and driving business for a company. Developers are in charge of generating new client business through networking and follow up on recommendations. Often they design and implement strategies for the client utilizing their companies assets to accommodate both parties best. Advancement from Business Representative or Business Officer is a common transition with the opportunity to advance further to Business Executive later down the road.

A Business Developer will usually have a degree from an accredited college in business or a related field. Most universities and colleges have well-defined business programs. Advanced education in business is preferred for more senior positions. The job relies on heavy on the ability to communicate over the phone and in person. Having strong communication, solid interpersonal skills and a willingness to travel is a must in this field.

What responsibilities are common for Business Developer III jobs?
  • Analyze current and past financial data, such as sales reports, and provide strategies to cut costs and increase revenue
  • Perform market research to identify new opportunities and engage with executives to establish strategies for pursuing those new opportunities
  • Create and improve proposals for our existing and new clients
  • Prepare the company budget and continually track expenses, as well as make sure we're on track to hit revenue targets
  • Provide training and mentoring to members of the business development team
  • Develop and deliver pitches for potential investors
  • Network with investors and and other business partners to generate new leads
  • Travel to destinations to best facilitate transactions or training
What are the typical qualifications for Business Developer III jobs?
  • 5+ years experience working in a development role
  • Previous role in a leadership position
  • A valid passport
  • An understanding of how to interpret P&L, Earnings, and Inventory reports
  • Robust interpersonal skills
  • Ability to travel in order to see clients, explore new markets and attend conventions
  • Solid written and verbal communication skills
  • Strong leadership skills
  • A familiarity with the Microsoft Office Suite
Education--
Work/Life Balance
3.6 ★
Total Pay--
Career Opportunity
3.6 ★
Avg. Experience2-4 years

How much does a Business Developer III make?

Confident
$99,320 /yr
Total Pay
$71,848
 /yr

Base Pay

+
$27,472
 /yr

Additional Pay

$99,320

 / yr
$31K$349K
Most Likely Range
Possible Range
See More Insights

Business Developer III Career Path

Learn how to become a Business Developer III, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Average Years of Experience

0 - 1
0%
2 - 4
92%
5 - 7
8%
8+
0%
Not including years spent in education and/or training
See Career Path

Business Developer III Insights

Read what Business Developer III professionals have to say about their job experiences and view top companies for this career.
Foggers (India)Foggers (India)
Business Development Officer
Sep 29, 2021

“MD & CEO are good and well behaving persons but If some makes some mistakes or work is not done.”

Generation.XYZ
Developer
Aug 7, 2021

“the overall working experience was good and I was comfortable doing my job in this company and good to go.”

D2X GroupD2X Group
Business Development
May 10, 2022

“I took me a a little time to understand and adapt but everyone was really supportive and helpful.”

Interviewing.io
Business Development
Oct 19, 2021

“I genuinely enjoy internal meetings and company events which is something I haven't always experienced elsewhere”

PrimitivePrimitive
Developer
Dec 21, 2021

“Primitive is an awesome place to work and I would strongly recommend it to anyone!”

White Rabbit GroupWhite Rabbit Group
Business Development
Oct 21, 2021

“I got to work with some great brands which expanded my knowledge and also challenged me to create win”

AutodeskAutodesk
Business Development
Mar 10, 2022

“Some structures are not developed and career path for my specific role was not developed in a motivational way”

Mary Bird Perkins Cancer CenterMary Bird Perkins Cancer Center
Business Development
Oct 6, 2021

“The people here and great and I got to learn many different roles within the company.”

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Business Developer III Interviews

Frequently asked questions about the role and responsibilities of business developers

Business developers engage in market analysis to find new growth opportunities for their clients. During the typical day of a business developer, the business developer investigates clients' competitors and discovers the critical niche where businesses can make new inroads. Business developers also work with clients and prepare them to launch a new product or service and attract investors.

Business development is an engaging career. Becoming a business developer provides many advancement opportunities. It's a good career with people who can withstand corporate pressure and have strong communication skills. Strategic individuals who can concentrate on details while seeing the wider picture tend to flourish as business developers.

Working as a business developer is about making strong suggestions driven by strategic, evidence-based analysis. A challenging aspect of being a business developer is that not every audience is receptive, and clients may choose to move in the opposite direction. Not all companies have strong management teams, and business developers may find themselves succeeding in spite of their employers.

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Business Developer III Jobs