Senior Business Development Manager Salary (India)
A Senior Business Development Manager earns an average salary of Rs 980,242 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. The skills that increase pay for this job the most are Sales Management, Customer Relationship Management (CRM), and Account Management. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience.
|Range||Rs 0Rs 2M|
|Salary||Rs 460,294 - Rs 2,011,929|
|Bonus||Rs 10,151 - Rs 407,605|
|Profit Sharing||Rs -21.64 - Rs 315,624|
|Commission||Rs 48,605 - Rs 616,736|
|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).)
|Rs 491,749 - Rs 2,248,799|
Job Description for Senior Business Development Manager
A senior business development manager is primarily responsible for creating and maintaining strong relationships and making business decisions. A senior business development manager is very similar to a business manager, and this position exists in a variety of industries.Read More...
However, in all industries, many duties of senior business development managers are the same. They must plan ways to grow the business, identify areas of client needs, manage and participate in business negotiations, and approve and review other business decisions. Additionally, they may be expected to manage deadlines and delegate tasks to subordinates. They also may also be asked to analyze and monitor business growth and decline, as well as provide possible solutions and new ways to increase productivity and sales. Development managers should also be able to formulate short-term and long-term goals, as well as formulate plans to achieve both.
Senior business development managers frequently need a bachelor’s degree and, in most cases, a master's of business administration (MBA) is also expected. They should also have at least five years of experience in marketing, with an emphasis in business development, if possible. Additionally, managerial experience is helpful. Also, they should be able to work well with employees and build lasting relationships with clients, so good communication and interpersonal skills are necessary.
Senor business development managers may work overtime depending on projects' or their business' needs; travel is also very typical in this position, especially when negotiating with a client or supplier. (Copyright 2018 PayScale.com)
Senior Business Development Manager Tasks
- Research, locate, define and target key business prospects.
- Work with customers to provide feedback to development teams for new content and products.
- Establish and nurture relationships that fill business pipeline with prospective partners and customers.
- Negotiate new partnerships and business alliances; work closely with legal experts to write contracts for new business partners.
- Create business development strategies; identify roadblocks and drive new business from conception through closure.
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Pay by Experience Level for Senior Business Development Manager
Pay by Experience for a Senior Business Development Manager has a positive trend. An entry-level Senior Business Development Manager with less than 5 years of experience can expect to earn an average total compensation of Rs 678,000 based on 50 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Business Development Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 879,000 based on 95 salaries. An experienced Senior Business Development Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 1,430,000 based on 95 salaries. A Senior Business Development Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 1,248,000 based on 10 salaries.
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