For any organisation, increasing their profit margins and sales are the most fundamental goals. Business development managers are assigned the responsibility of developing new leads and helping a company grow incrementally. With an average salary of £30,000 in the UK, jobs in business development are a promising venture for aspiring candidates. This career guide will be useful for people who generally possess good communication skills and are interested in pursuing a job as a business development manager.
The main task of a business development manager is to attract new potential customers and maintain the existing customer relations for a company. Business development jobs require good organisational and communication skills. Along with this, an ideal business development manager must be equipped with crucial technical skills like CRM databases, sales tracking software for generating vital leads. A specialised education is desirable for acquiring jobs in business development but this profile does not necessarily make the education mandatory.
Qualifications To Become A Business Development Manager
A graduate degree in sales, marketing or business administration is a preferred option for obtaining business development jobs. If you concentrate your academics around this branch, you increase your probability of getting more number of jobs in business development. Having said this, even if you have previous work experience as a sales representative or a customer relationship manager, you can become a business development manager. Recently, the demand for PhDs has increased for the business development manager role. These candidates have spent nearly 5 years mastering skills like communication, data analysis, IT literacy and astute negotiation skills. A PhD candidate has the high possibility of being great in this role.
Data says that around 50% business development managers are people who work in sectors like manufacturing, healthcare and finance. So, if you belong to any managerial position in these sectors, you are most likely to bag the opportunity of exploring business development jobs. The pivotal areas you must focus to become a business development manager are:
You will become more comfortable as a business development manager when you understand your client’s finances. A good grasp on the field of accounts gives you understandability of sales, profit and loss statements, magnitude of production and related financial activities. This helps to gauge the business strategies more accurately.
Proper knowledge of conventional and digital marketing tools gives a high edge to an individual for impressing the right employers. You can study these platforms and understand the practical advantages for the development of an organisation. An MBA is your direct investment in gaining this expertise.
The more you interact with people, the more you understand the consumer behavior patterns. Your previous work experience in consumer relations will be a pivotal aspect for securing business development jobs. If you run your own business, you can be a perfect fit for this role as you understand the supply chain management and related challenges.
You can acquire jobs in business development by referrals or using your network to their best ability. You can also get relevant jobs by searching the Zoek job board and signing up for instant updates.
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