What does a Business Development Manager do?

Business development managers are hired to grow an existing business by finding new and relevant opportunities. They develop an attainable business development strategy often focused on financial gain for the company and arrange business development meetings with prospective clients.

Business development managers follow up with leads, establish relationships with potential new clients, and arrange appointments for sales executives. They research potential accounts within their targeted markets and pursue leads. They follow through with leads, looking for a successful agreement or arrangement. They have an understanding of their target markets, and collaborate with design and sales teams at organizations to ensure the requirements and protocol are met. They attend business meetings with prospective clients and promote the company's products and services while addressing or predicting clients’ current and future objectives. Business development managers need a minimum bachelor’s degree in business administration, business management, finance, accounting, marketing, or related fields.

EducationBachelor's Degree
Work/Life Balance
3.8 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience2-4 years

Business Development Manager Salaries

Average Base Pay

$83,119 /yr
Same as national average
Not including cash compensation
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$47K
Median: $83K
$146K
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Glassdoor Estimated Salary

Business Development Manager Career Path

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

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Business Development Manager Insights

Read what Business Development Manager professionals have to say about their job experiences and view top companies for this career.
FreelancerFreelancer
Business Development Manager
Oct 30, 2020

“It was really creative and innovative and i got the oppurtunity to travel and explore.”

BrightHRBrightHR
Business Development Manager
Jan 8, 2022

“By far one of the best and exciting software companies to work for in Manchester.”

Venus ConceptVenus Concept
Practice Development Manager
Nov 27, 2019

“Weird and inconsistent requests/requirements from managers who don't really know the demands of the job.”

Navigo (Australia)Navigo (Australia)
(Senior) Business Development Manager
May 24, 2021

“half day Fridays means I have an afternoon to myself and that’s a rare and priceless benefit.”

Colgate-PalmoliveColgate-Palmolive
Assistant Customer Development Manager
May 20, 2021

“Poot career opportunities (Hr doea not really listens or comsiders which track employee is interested im)”

FirstPortFirstPort
Visiting Development Manager
Feb 18, 2021

“I am really enjoying my job learning new tasks Training is very helpful so far a great experience”

Razor GroupRazor Group
Venture Development Manager
Oct 12, 2021

“possibility to grow as a person and career wise (I started as an intern)”

TherapeuticsMDTherapeuticsMD
Business Development Manager
Jun 7, 2021

“It is really fun getting to work with OBGYNs and having a great product portfolio to work with!”

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Business Development Manager Interviews

Related Careers

Business Developer
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Business Development Executive
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Business Development Associate
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Business Development Manager Jobs

Frequently asked questions about the roles and responsibilities of a business development manager

When working as a business development manager, the most common skills you will need to perform your job and for career success are Integrator, AWS, Cloud Computing, Consulting, and Business Units.

The most similar professions to business development manager are:
  • Business Developer
  • Business Development Executive
  • Business Development Associate
  • Sales Representative

The most common qualifications to become a business development manager include a minimum of a Bachelor's Degree and an average of 0 - 1 years of experience not including years spent in education and/or training.