If you are a new Business Developer Manager, you are responsible for growing the business by finding new opportunities for profit, research leads, establishing a relationship with clients, and arranging appointments for sales executives. You will work to improve your organization's market position. You will often work with internal teams like the marketing staff and other managers to increase sales opportunities.
You will be responsible for generating revenue for your company. To become a New Business Development Manager, you must have a bachelor's degree in marketing, business, or a related field. You need to have basic knowledge of CFM software and MS Office. There are companies that prefer you to hold a master's degree in management. At the very least, you need to understand market and marketing strategies.
The top skills you need to develop are creative skills to work with teams and customers, critical thinking, communication and analytical skills, and negotiation skills. You must be goal-focused and organized. You can make an average annual salary of $104,000 if you are good at your job.
How to Become a New Business Development
There is more than meets the eye when it comes to being a new business development. For example, did you know that they make an average of $44.11 an hour? That's $91,743 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
What Does a New Business Development Do
There are certain skills that many new business development have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed creativity, interpersonal skills and organizational skills.
How To Become a New Business Development
If you're interested in becoming a new business development, one of the first things to consider is how much education you need. We've determined that 72.7% of new business development have a bachelor's degree. In terms of higher education levels, we found that 9.8% of new business development have master's degrees. Even though most new business development have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a new business development. When we researched the most common majors for a new business development, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on new business development resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a new business development. In fact, many new business development jobs require experience in a role such as account executive. Meanwhile, many new business development also have previous career experience in roles such as sales representative or account manager.
New Business Development Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a new business development can determine their career goals through the career progression. For example, they could start out with a role such as account manager, progress to a title such as national account manager and then eventually end up with the title director, national accounts.
Average Salary for a New Business Development
What Am I Worth?
Top Colleges for New Business Developments
1. University of Georgia
Athens, GA • Private
2. University of Wisconsin - Madison
Madison, WI • Private
3. University of Minnesota - Twin Cities
Minneapolis, MN • Private
4. Purdue University
West Lafayette, IN • Private
5. Howard University
Washington, DC • Private
6. Ohio State University
Columbus, OH • Private
7. University of Texas at Austin
Austin, TX • Private
8. University of Southern California
Los Angeles, CA • Private
9. University of Pennsylvania
Philadelphia, PA • Private
10. SUNY at Binghamton
Vestal, NY • Private
Top Skills For a New Business Development
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.0% of new business development listed business development on their resume, but soft skills such as creativity and interpersonal skills are important as well.
Choose From 10+ Customizable New Business Development Resume templates
Zippia allows you to choose from different easy-to-use New Business Development templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your New Business Development resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
New Business Development Demographics
New Business Development Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among new business development, 36.8% of them are women, while 63.2% are men.
- The most common race/ethnicity among new business development is White, which makes up 71.9% of all new business development.
- The most common foreign language among new business development is Spanish at 52.7%.
Online Courses For New Business Development That You May Like
New product development is essential for the survival of many companies in the Hi-Tec sector, as well as other sectors. The percentage of sales of successful business organizations tied to the successful Introduction of new products and services is high. However, the failure rate of new products development projects is also high and therefore there is a need for a methodology based on a well-designed process as well as tools and techniques to manage New Product Development (NPD) projects. Since...
This course is the first in the Customer Insights and New Product Development (CIPD) specialization. It will introduce learners to the tools and process of gathering customer insights for identifying and developing new product opportunities. Through an integrated set of five modules and hands-on project experiences, learners will acquire the knowledge and skills to turn their ideas gained from understanding customer needs into innovative new products...
Best States For a New Business Development
Some places are better than others when it comes to starting a career as a new business development. The best states for people in this position are Washington, Oregon, Idaho, and New York. New business development make the most in Washington with an average salary of $127,558. Whereas in Oregon and Idaho, they would average $116,293 and $106,111, respectively. While new business development would only make an average of $105,687 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Montana
$104,670
Avg. Salary
2. Nevada
$104,825
Avg. Salary
3. Oregon
$116,293
Avg. Salary
How Do New Business Development Rate Their Jobs?
Top New Business Development Employers
Most Common Employers For New Business Development
| Rank  | Company  | Average Salary  | Hourly Rate  | Job Openings  |
|---|---|---|---|---|
| 1 | Groupon | $124,389 | $59.80 | 3 |
| 2 | The Coca-Cola Company | $107,224 | $51.55 | 4 |
| 3 | U.S. Bank | $103,347 | $49.69 | 15 |
| 4 | AT&T | $99,645 | $47.91 | 7 |
| 5 | Tyco Integrated Security | $92,576 | $44.51 | 3 |
| 6 | Quiznos | $91,743 | $44.11 | 7 |
| 7 | Automotive Training Institute | $91,743 | $44.11 | 6 |
| 8 | BASF | $91,743 | $44.11 | 5 |
| 9 | Idaho Press | $91,743 | $44.11 | 3 |
| 10 | DXC Technology | $90,004 | $43.27 | 4 |
New Business Development Videos
