What does a Business Developer do?

A Business Developer works as the tip of the spear producing and driving business for a company. Developers are in charge of generating new client business through networking and follow up on recommendations. Often they design and implement strategies for the client utilizing their companies assets to accommodate both parties best. Advancement from Business Representative or Business Officer is a common transition with the opportunity to advance further to Business Executive later down the road.

A Business Developer will usually have a degree from an accredited college in business or a related field. Most universities and colleges have well-defined business programs. Advanced education in business is preferred for more senior positions. The job relies on heavy on the ability to communicate over the phone and in person. Having strong communication, solid interpersonal skills and a willingness to travel is a must in this field.

  • Analyze current and past financial data, such as sales reports, and provide strategies to cut costs and increase revenue
  • Perform market research to identify new opportunities and engage with executives to establish strategies for pursuing those new opportunities
  • Create and improve proposals for our existing and new clients
  • Prepare the company budget and continually track expenses, as well as make sure we're on track to hit revenue targets
  • Provide training and mentoring to members of the business development team
  • Develop and deliver pitches for potential investors
  • Network with investors and and other business partners to generate new leads
  • Travel to destinations to best facilitate transactions or training
  • 5+ years experience working in a development role
  • Previous role in a leadership position
  • A valid passport
  • An understanding of how to interpret P&L, Earnings, and Inventory reports
  • Robust interpersonal skills
  • Ability to travel in order to see clients, explore new markets and attend conventions
  • Solid written and verbal communication skills
  • Strong leadership skills
  • A familiarity with the Microsoft Office Suite
EducationBachelor's Degree
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.6 ★
Avg. Experience2-4 years

Business Developer Salaries

Average Base Pay

₹29,433 /month
Same as national average
Not including cash compensation
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₹17T
Median: ₹29T
₹47T
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Glassdoor Estimated Salary

Business Developer Career Path

Learn how to become a Business Developer, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L3
Business Developer
₹4,50,000/yr
L4
Business Developer Ii
No Salary Reports
L5
Business Developer Iii
No Salary Reports
See Career Path

Business Developer Insights

Read what Business Developer professionals have to say about their job experiences and view top companies for this career.
The Chicago Sun-TimesThe Chicago Sun-Times
Developer
5 Nov 2019

“Everyone I interacted with (except for the IT guy) was really nice and enjoyable to work with.”

Foggers (India)
Business Development Officer
29 Sep 2021

“MD & CEO are good and well behaving persons but If some makes some mistakes or work is not done.”

Generation.XYZ
Developer
7 Aug 2021

“the overall working experience was good and I was comfortable doing my job in this company and good to go.”

Interviewing.io
Business Development
19 Oct 2021

“I genuinely enjoy internal meetings and company events which is something I haven't always experienced elsewhere”

PrimitivePrimitive
Developer
21 Dec 2021

“Primitive is an awesome place to work and I would strongly recommend it to anyone!”

White Rabbit GroupWhite Rabbit Group
Business Development
21 Oct 2021

“I got to work with some great brands which expanded my knowledge and also challenged me to create win”

Mary Bird Perkins Cancer CenterMary Bird Perkins Cancer Center
Business Development
6 Oct 2021

“The people here and great and I got to learn many different roles within the company.”

Emipro TechnologiesEmipro Technologies
Senior Odoo Developer
9 Nov 2021

“Keep away from company because there is no 5 day working and no life balance.”

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Business Developer Interviews

Related Careers

Business Development Manager
₹7,20,000
13% skills overlap
Business Development Executive
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Business Development Associate
₹5,20,986
75% skills overlap
Software Engineer
₹7,00,000
No skills overlap

Business Developer jobs

Frequently asked questions about the role and responsibilities of a business developer

When working as a business developer, the most common skills you will need to perform your job and for career success are Excellent Organizational, Excellent Communication, Microsoft Office Suite, VERBAL Communication and CRM.

The most similar professions to business developer are:
  • Business Development Manager
  • Business Development Executive
  • Business Development Associate
  • Software Engineer

The most common qualifications to become a business developer is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.