- connect with us
- 1800-572-9877
- hello@collegedekho.com
- We’re on your favourite socials!
Search for best colleges, Courses, Exams and Education updates
Last Updated On 20 Aug, 2020
Business Development Manager is responsible for identifying new business opportunities for the organisation in order to improve profitability and generate revenue. Besides this, he is also responsible for establishing relationships with potential clients, researching leads and arranging meetings for sales executives. The main job of a Business Development Manager is to enhance the operations, reputation or position of the organisation in some way.
Business Development Managers also look for new partnerships, new markets and new ways to promote in an exciting market. Candidates who are looking for a career as a Business Development Manager should have the ability to promote business and a hunger to chase new business. Besides this, he should have excellent leadership skills so that he can manage the team of Business Executives.
Check some major responsibilities of a Business Development Manager provided below.
Building market positions by defining, developing, locating and closing business relationships.
Examining potentials and risks for business opportunities
Exploring new business opportunities
Attending meetings with clients and resolving their queries
Conducting research to identify customer needs and new market opportunities
Developing entry-level staff into valuable and skilled salespeople
Keeping records of revenue, sales, invoices etc.
Candidates who are aiming to become a Business Development Manager may check the eligibility criteria mentioned in the job description of the company. The eligibility criteria to become a Business Development Manager is provided below.
Education Required |
|
Work Experience | Work experience of 1-2 years as Sales Executive or Business Development Manager |
Certification | Certifications such as Project Management Professional (PMP) or Certified Business Analysis Professional (CBAP) may help candidates to understand business strategies |
Skills | Some of the skills required for a Business Development Manager are listed below.
|
You can check the table provided below that can help you to become a Business Development Manager. If you are looking for higher positions in business management then you can go for the master’s programs provided below.
Course | Total Fee (Approx) | Top Colleges for Business Management |
INR 27,000 to INR 8.00 lakh | ||
INR 45,000 to INR 3.00 lakh | ||
INR 30,000 to INR 2.00 lakh | ||
INR 1.00 lakh to INR 2.60 lakh | ||
INR 40,000 to INR 6.00 lakh | ||
INR 15,000 to INR 25.00 lakh |
You can apply to any of the business management colleges in India by filling our Common Application Form.
Job roles of a Business Development Manager will vary from industry to industry. Some of the major job profiles available for a Business Development Manager are provided below.
If you are interested to know more job profiles and job opportunities available for Business Development Manager, you can ask your questions on the Collegedekho QnA zone.
Business development can apply to almost all types of companies, but you can prefer to specialize in a specific field. Some of the job opportunities available for Business Development Manager are in sectors such as healthcare, manufacturing, telecommunications and construction. Besides this, he may also work at companies that have different focus i.e B2C (business to consumer) or B2B (business to business). You can check the graph provided below to know the types of employers available for Business Development Managers.
Some of the major recruiting companies for a Business Development Manager are listed below.
IndusInd Bank
Lodha group
TechMBS
ICICI Lombard
Flipkart
Axis Bank
Muthoot Finance
Vyom Labs
An experienced Business Development Manager can earn up to 6 lakh per annum. The average salary of a Business Development Manager is provided in the table below.
Profile | Starting Salary per annum (in INR) | Mid Level Salary per annum (in INR) | Senior Level Salary per annum (INR) |
Business Development Manager | 2,70,000 | 6,00,000 | 10,00,000 |
Provided below are some recommended books for Business Development Managers
Business Development by Sherran S. Spurlock
Primal Leadership by Daniel Goleman
Masters of Networking by Ivan Misner
The sales acceleration formula by Mark Roberge
Greatest Salesman in the World By Og Mandino
The Lean Startup By Eric Ries
This profile will help you learn new marketing strategies
Business Development Manager is one of the highest-paid profile in business management
You do not have to depend upon other teams to complete his work
Business Development Manager can apply for a job in any industry
You have to be updated with new business opportunities
You should be able to understand the changes in the market
You should have good communication skills and analytical skills in this profile
There is a high competition for this profile in the job market
Take our test and find out if it suits your strengths.
There are many job opportunities available for a Business Development Manager. Besides this, the average salary of a Business Development Manager is also very high.
Candidates who have a good knowledge of marketing strategies and have a business mindset should apply for a Business Development Manager profile.
Some of the top recruiters for a Business Development Manager are TechMBS, ICICI Lombard, Flipkart, Axis Bank and Muthoot Finance.
Yes, you should have at least 1-2 years of experience in order to apply for a job as a Business Development Manager.
Business Development Manager can apply to any industry such as healthcare, manufacturing, telecommunications and construction.
Business Development Manager identifies new business opportunities and maintains a good working relationship with new contacts.
The average salary of a Business Development Manager will depend on his experience and skills. He can earn up to 5 lakh per annum if he has a working experience of 2-3 years.
Some of the major job profiles available for a Business Development Manager are Sales Manager, Regional Sales Manager, Revenue Manager and Zonal Business Manager.
Some of the courses to become a Business Development Manager are Bachelor of Business Management, Bachelor of Business Administration and PG Diploma in Business Management.
Some of the skills required to be a Business Development Manager are good communication skills, analytics skills and leadership skills.
