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Working as a business development agent involves helping a company maximise its profits and sales and helping to identify new products/services/markets. Business development agent jobs exist in both the public and private sectors, as well as for companies of every size and specialist agencies. The role involves various office and outside office duties, as well as working with people of different backgrounds and seniority.
Business development agent jobs offer excellent career development opportunities. Keep reading to learn more about working as a business development agent, including expected salaries and daily duties.
Business development agent employers will expect you to undertake numerous responsibilities. Your daily duties will depend on the size and sector of a company but will centre on maximising profits. Furthermore, you may be working alone or as part of a team. Because business development agent jobs involve a company’s profits, you will likely be involved in analysing current procedures, sales figures and markets and reporting your findings to others. You will likely have set sales targets to meet, with the opportunity of bonuses likely should you reach them.
If working for a specialist agency as a business development agent, you may be working with clients in a specific sector or across many different industries. Whilst main duties will likely be admin and office based, you may be expected to visit various locations, including client offices, manufacturing facilities and sales events and conventions.
Business development agent jobs often require you to have a university degree. Whilst many roles may accept any, an increasing number of business development agent employers require a related degree, such as those in business, marketing or economics. Some large companies offer graduate programs, providing the opportunity to learn on the job whilst also being paid. Such programs are often very competitive to enter. It is possible to work your way up to business development agent jobs when already working inside a company, with many people in the role taking this route.
In addition to qualifications, business development agent employers will also be looking for candidates with specific skill sets, including:
- Excellent research, analytical and IT skills
- Strong communicator, with the confidence to present findings to others
- Highly organised, hard-working and determined
- Good business sense, and ability to learn quickly on the job
Business development agent jobs can provide you with good career prospects. You will be working in a role that remains in good demand across many different sectors. Once qualified and with some experience, you will be able to move towards more senior-level roles. You may be working in one sector or with clients across many different industries, allowing you to develop skills that can be easily transferred to other positions.
Business development jobs offer starting salaries of around £20,000 – £25,000. This will depend on the sector, size and location of a company, with London-based businesses paying higher wages. For more senior-level roles, salaries can rise up to £50,000 and over for manager roles. Furthermore, commission and bonuses can also make a significant different to how much you earn.
There are of course numerous pros and cons to business development agent jobs. The role often comes with excellent perks, including bonuses, as well as clear career paths and increasing salaries. If you show talent for the role, your skills will be in high demand, providing you with much more freedom in terms of where you work and in what sector.
However, the role can be challenging and fast-paced, with business development agent employers demanding results and sales targets are met. You may have to work unsociable hours during important projects, as well as be expected to translate technical sales analysis findings into clear, easy to understand facts. You may have to travel regularly as well as deal with senior members of an organisation.