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What is business development?

Business development is a broad field in commerce which describes a variety of roles and responsibilities. Speaking generally, its focus is on growing the business via expanding into new markets, increasing market share in existing markets, and developing new products to attract additional customers.

The Average Business Development Manager Salary

A business development manager or business development executive can expect to receive £21,000 at the minimum and can earn up to £60,000 depending on experience. A great deal of money can be earnt on top of a standard salary as part of a profit-sharing or bonus scheme, as a reward for producing excellent results.

A Career in Business Development

Those within the field of business development are frequently consultants or business analysts working within a larger firm managing many different clients. It is an area where candidates filter through from other high-expertise professions, such as legal or finance, but business development specialists do require experience, or at least understanding, in marketing, sales and strategic planning.

There are always exciting challenges in store for business development consultants, growing markets and growing business, even in less than prosperous times. Business development managers have the skillset to see these opportunities and think creatively in how they can be exploited. You can see a range of business development vacancies on offer, updated in real-time, every day, via our search form or most popular business development job titles.