A Business Development Manager is responsible for identifying new business opportunities, developing and implementing growth strategies as well as building and maintaining relationships with clients and partners. The role requires a combination of sales, marketing, strategic planning skills as well as excellent communication and networking abilities. An employee requires a deep understanding of the market, the competitive landscape as well as a strong ability to identify potential growth areas and develop strategies to capitalise on them. 

The role of Business Development Manager is critical to promote growth and success of a particular company. Furthermore, it provides opportunities for career advancement with a competitive salary along with an opportunity to work on exciting projects with a diverse range of clients as well as partners.

For Bachelor’s

• Candidates must have passed the 10+2 examination with at least a 60% grade from a recognised education board.
• The aspirants must pursue a Bachelor's degree in the field of business or marketing from a recognised university/college. 

 For Masters

• The candidates are suggested to enrol for Master’s in Business Administration to learn leadership and management skills in order to become a business development manager.

The job roles of a business development manager are listed below: 

• Business Development Executive
• Sales Manager
• Regional Sales Manager
• Revenue Manager
• Zonal Business Manager
• Business Head

Business Development Managers can be hired by a wide range of organisations including small and large businesses. Some of the top Business Development Manager recruiters include:

• Lodha Bank
• TechMBS
• Flipkart
• Axis Bank
• Muthoot Finance
• Vyom Labs 

Employment Sector

• Pharmaceutical Companies
• Banks
• Manufacturing Firms
• IT Companies
• Educational Institutions

A business development manager's salary can vary depending on a number of factors including the size of the organisation, location, industry as well as years of experience.

• Sales skills
• Strategic thinking
• Market research
• Communication skills
• Leadership skills
• Creativity
• Project management
• Technical knowledge

A Business Development Manager is in charge of identifying, pursuing and implementing various business opportunities that generate revenue and promote organisational growth. They are typically involved in the creation as well as implementation of strategic plans, the analysis of market trends, the development of relationships with potential clients, the negotiation of contracts and the development of new products or services. The career scope for Business Development Managers is promising as they are in high demand across a variety of industries including technology, healthcare, finance as well as retail. The salary range for Business Development Managers varies depending on the industry, experience as well as location but it is generally considered to be a lucrative career path with opportunities for advancement and higher earnings.

• Opportunity for growth
• High earning potential
• Variety of work
• Flexibility

• Pressure to meet targets
• Risk of failure
• Long hours
• Continuous learning