Business Development Director Job Description
- A business development director works to improve an organization's market position and achieve financial growth. This person defines long-term organizational strategic goals, builds key customer relationships, identifies business opportunities, negotiates and closes business deals and maintains extensive knowledge of current market conditions.
- Specific responsibilities for a director of business development may fall into several categories, including pursuing sales leads and prospective clients, delivering presentations and proposals, and negotiating and closing business deals; developing business plans that include marketing strategies; maintaining extensive knowledge of current market conditions and reporting this to key staff; and building and maintaining important client relationships.
- Qualifications for this position typically include a bachelor's degree (master's in business administration often preferred) and five to 10 years experience. Other qualifications may include knowledge of the specific industry, proven revenue generation, and strategy and management experience.
- In addition to education and experience, there are other skills employers may look for when hiring a director of business development. These may include excellent communication, analytical and financial skills. Personal attributes important to this position consist of strong leadership capabilities, self-motivation, outstanding ability to sell, and strong writing and presentation skills.
- According to PayScale.com, the average salary of a business development director is between $88,000 and $168,000, depending on employment setting. For example, this position at a nonprofit organization averages $60,000 to $118,000, while at a private firm it averages $74,000 to $132,000. Other employment settings include hospitals, universities and government.
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