BDMs also nurture relationships with current clients, ensuring that they remain happy and finding ways to increase the company’s customer lifetime value. Expand your business skills with our selection of the top 10 business development courses and certifications in 2025. Be aware that business development can be very challenging and sometimes you will do tasks that you don’t necessarily like and many of them are quite repetitive. In fact, as an entry-level professional, you have another superpower which is your hunger for knowledge and if you use it correctly, you will be able to be successful even without much experience.

• They focus on expanding the company’s market presence and developing strategies to increase profitability.
• This job title is high up the organization chart, and requires the mindset of a leader.
• Regarding earnings potential, the salary range for Business Development Managers varies depending on location, country/company size, and experience level.
• Knowledge, skills, and experience are key factors that determine the success of a Business Development Manager.

About This Data

For professionals interested in advancing in this field, Murray State University offers its online Master of Business Administration (MBA) with a concentration in Economic Development program. As organizations turn to strategic planning and data-driven decisions, these managers help shape long-term success, making it essential to understand their role, tools and Web development impact. Technical skills that can lead to success as a business development manager include project management, navigating Microsoft 365, and conducting search engine research. A business development manager helps grow an organisation by working in strategic planning, sales management, and prospecting for new clients. Technical skills that can lead to success as a business development manager include project management, navigating Microsoft 365, and conducting search engine optimisation.

• Business development is a broad term that encompasses various activities and strategies aimed at creating and growing value for an organization.
• Here’s what to know about a business development manager’s needed skills, salary and how to become one.
• The business development role uses many business skills, including strategic planning, project management, and successful negotiation.
• A BDM needs to have exceptional account management and relationship building skills to provide ongoing support, feedback, and value to the customers, and to ensure their retention and satisfaction.
• A key part of these roles is communicating with internal and external stakeholders, whether delivering a report to the company’s top executives, or cold calling a potential client.
• To be really honest with you, I didn’t really know what business development was all about until I realized I was actually doing it.

Business Operations

Economic and business developer managers have many titles, including business development manager, economic development manager and urban planner. While the terminology may vary, the core mission is to drive growth by identifying new opportunities, building partnerships and guiding long-term strategies. You’ll likely need to run a variety of projects to drive more revenue, from identifying and targeting prospects Business Development Manager for AI Educational Platforms job to expanding into new markets. Very few business professionals work alone, and this is particularly true of a Business Development Manager.

• Learn how Maryville’s online Master of Arts in Management and Leadership program can help prepare you for the job you want.
• According to Zippia, the field is expected to grow by 10% between 2018 and 2028, with approximately 33,700 new positions projected.
• Although they usually work with prospects closer to the top of the funnel, and customers closer to the bottom, it’s not uncommon for BDMs to also give demos and sales presentations to prospective customers.
• Excellent time management skills, combined with strong organizational abilities, keep you on top of your game.
• You will work with people inside and outside the organization to create new business opportunities.
• They make sure everything runs smoothly by managing employees, budgets, and business strategies.

Business Analyst vs. Financial Analyst: Which One Should You Pursue?

One of the most promising developments in business development is the rise programmer of AI-powered tools like Copy.ai. This innovative platform can make your workflow more efficient by automating various tasks, such as generating email templates, crafting compelling sales copy, and even assisting sales calls with AI. To develop these skills, seek out opportunities to practice them in real-world settings. Volunteer for cross-functional projects, participate in sales pitches, and engage in networking events.