Business development directors and managers use their analytical, sales, marketing, research, and communication skills to identify and generate business opportunities and maintain relationships with current and potential partners. They are also known as deal generation professionals.
Minimum Education Level
Business development directors earned average annual salaries of $103,998 in 2019, according to PayScale.com. Ten percent earned less than $58,000, and 10 percent earned $166,000 or more. Directors also received bonuses that ranged from $3,000 to $46,000, and commissions that reached as high as $62,000.
According to Salary.com, business development managers earned average annual salaries...
Business development directors and managers work in typical office settings with the requisite computers, office equipment, and support staff. They can expect to work about 40 hours a week, Monday through Friday, but they may have to work at night and on weekends occasionally to meet deadlines or confer with potential business partners. Directors and managers travel frequently to business meeti...
The U.S. Department of Labor does not provide an employment outlook for business development professionals, but it does report that job opportunities for the related occupation of sales engineer are expected to grow by 6 percent through 2028. Growth is expected to be strong for sales engineers working in computer systems design, and for independent sales agencies.