$65,000
Avg. Salary
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The average pay for a Business Development Specialist with New Business Development skills is $63,187 per year.

Job Description for Business Development Specialist

Business development specialists are responsible for creating effective business plans for their company. They are also in charge of analyzing business processes and identifying opportunities to generate additional revenue. They research industries to find purchase patterns and emerging trends to recommend changes for their organization. Business development specialists also assess potential clients and provide development support, as well as act as a facilitator between executives and external contracting sources. They process large amounts of company data to make predictions and create detailed reports. Another of the specialist's main duties includes recommending changes to supply chain management as necessary. They also help implement growth strategies, participate in business meetings, and recommend changes to existing business practices to increase exposure and revenue. Business development specialists also assist with budget development and provide support for existing initiatives.

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Business Development Specialist Tasks

  • Quantifies business intelligence with economic models to evaluate new opportunities; presents findings clearly and makes recommendations for action.
  • Assists with core business development activities, such as generating pitch decks and communicating with clients and competitors to better understand business trends.
  • Seeks out new market insights and business opportunities through research and analysis.

Business Development Specialist Job Listings

Key Stats for Business Development Specialist

Gender

Female
75 %
Male
25 %
1-4 years
56%
5-9 years
33%
10-19 years
11%

Gender

Female
75 %
Male
25 %

Years of Experience

1-4 years
56%
5-9 years
33%
10-19 years
11%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 89%
vision benefits
Vision: 67%
no benefits
None: 11%