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Business Development Manager Average Salary

Change Country Pakistan » Job » Business Development Manager Overview » Business Development Manager Salary
Updated: 23 Aug 2014
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Rated 4 out of 5 based on 2 Business Development Manager votes.
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
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$0$11K$22K$33K
Salary
$9,596 - $31,470  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$9,596 - $31,470  
PayScale
Country: Pakistan | Currency: USD | Updated: 23 Aug 2014 | Individuals Reporting: 12

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Job Description for Business Development Manager

A business development manager plays many different roles related to helping a business grow. One main duty of a business development manager is achieving revenue goals. An individual in this position must actively identify and generate prospects using strategies geared towards customers in their target markets. Maintaining good working relationships with current clients is key as well. This helps to increase client retention and to promote new sales and connections through referrals and references. Along those same lines, a business development manager must also find and develop new and existing referral sources from which successful referential relationships can be gained. A typical day in the life of a business development manager may include meeting with different company teams and establishing goals and strategies, meeting with clients to discuss business relationships, developing proposals for new strategies, etc. Business development managers are hired in almost any and every type of industry.

BD Managers have a lot of flexibility concerning where they are able to work. The work environment is typically in corporate offices of the companies which employ them. Business development managers work with a number of different people on any given day. One of the most important work relationships for this position is the relationship with sales managers. Business development managers work alongside these, and other department heads, to collaborate on and implement sales strategies, goals, and techniques. Other key people with which the business development manager works with include marketing teams and research teams as well as current clients. Key skills required include excellent interpersonal communication skills and the ability to multitask in addition to the ability to work with a wide range of different people. A bachelor's degree in business or a related field is the typical requirement for this type of position. A typical work week for a business development manager is usually the normal 40 hours per week, although this figure may vary depending on the employer, pending completion of projects, etc.
Business Development Manager Tasks
  • Identify and develop new and existing referral sources to develop successful referring relationships.
  • Actively identify and generate prospects through strategic sales strategies focusing on customers in target markets.
  • Achieve revenue goals.
  • Maintain good working relationships with existing clients previously to enhance client retention and new sales through referrals and references.
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key statistics
Key Statistics for Business Development Manager Salaries and Jobs

Female
17%
female alumni
 
Male
83%
male alumni
Years of Experience
1-4 years
50%
5-9 years
17%
10-19 years
33%
Most Common Health Benefits
medical benefits Medical: 71% dental benefits Dental: 29%
vision benefits Vision: 14% employee benefits None: 29%

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