The business development analyst is responsible for supporting their organization's core business through research, analysis, and recommendation of new business initiatives. They are also responsible for the research and recommendation of processes that will help support the growth of the organization’s current product and service offerings. Additionally, a business development analyst also evaluates and analyzes all current processes and provides recommendations on improvements that can be made. Business development analysts jobs are usually classified as general administrative or marketing positions.
The day-to-day responsibilities of a business development analyst include providing business development research, analysis and reporting to their supervisors, detailing research findings for management review, reviewing the monthly performance of the business, and recommending improvements to all business processes and systems. Business development analysts work with a number of colleagues, including engineers, production employees, managers, supply chain personnel, and others. They usually work full time and report to a vice president or departmental lead.
Business development jobs generally require a minimum of a bachelor's degree in business,marketing, or a related field, as well as two to five years of experience. Experience in finance, business analysis, and/or business development is strongly preferred. Excellent interpersonal and multi-asking skills are required, and these individuals must be able to work well independently or in a team environment.
Business Development Analyst Tasks
- Seeks out new market insights and business opportunities through research and analysis.
- Assists with core business development activities, such as generating pitch decks and communicating with clients and competitors to better understand business trends.
- Quantifies business intelligence with economic models to evaluate new opportunities; presents findings clearly and makes recommendations for action.