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Business Development Executive Job Description Template

Job Description Template

Business Development Executive Job Description Template

January 27, 2023

Business Development Executive Job Description Template

Instead of long never-ending hiring processes with minimum results, let us show you how you can excel in finding the perfect individual for your business! Check out this FREE Business Development Executive Job Description Template if this is the position you’re looking for.

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What is a Business Development Executive?

Business Development Executives are senior-level employees in companies responsible for expanding the company’s client base, building long-lasting relationships with new and existing clients, and increasing revenue by closing new business deals.

They are focused on researching market trends, competition, new products, and target audiences.

Business Development Executives also look for ways to improve the company’s offerings, participate and marketing and sales efforts, and collaborate and negotiate with clients regarding business proposals and the company’s products and services.

Related Job Titles for Business Development Executive

The Top Business Development Executive Skills

Skill Why it's important
Collaboration Business Development Executives must be skilled in building and nurturing professional relationships with clients and partners to ensure beneficial business proposals. The ability to effectively collaborate helps them establish trust with clients, successfully negotiate, understand their needs, and achieve mutual goals.
Strategic Thinking Strategic mind is essential for Business Development Executives because it helps them implement unique strategic plans and projects for increasing the company’s sales and revenue growth. Strategic thinking means carefully considering every aspect of the job and determining the best source of action based on the competition, client needs, market, etc.
Leadership Business development is a job that requires strong leadership abilities. Business Development Executives are senior-level employees whose job is to motivate, guide, and encourage their team members toward the company’s objectives. Leadership also helps them explain the importance of their job to team members and train new employees.
Sales Skills Excellent sales skills are crucial for Business Development Executives because one aspect of their job is selling the company’s products and services to prospective clients to establish a collaboration. Sales skills also involve extensive market research and knowledge to identify new business opportunities, target audiences, and expand the company’s offerings.
Communication Combined with collaboration and negotiation, communication represents another quintessential skill for Business Development Executives. None of the other skills wouldn’t be possible without the essential ability to communicate with people, express ideas and plans, present business proposals, and close business deals.

Business Development Executive Job Description Template (Free)

Our company is looking for an experienced Business Development Executive to strengthen our team. Your main responsibilities will include overseeing the process of business development within the company and establishing business proposals for increasing the company’s revenue and growth. You will expand our client base and establish long-term relationships with clients by identifying their needs and potential business opportunities. Your goal will be to sell the company’s products and services and ensure client satisfaction.

Additionally, you will participate in developing marketing and sales campaigns and strategies, research market trends, competition, and new products, and maintain accurate records of sales activities and client data. You will also guide and encourage your team members and train new employees.

To be successful as a Business Development Executive, you should have extraordinary communication, collaboration, strategic thinking, sales, and leadership skills.

Business Development Executive Duties & Responsibilities:

  • Monitor business development processes within the organization to increase the business revenue and growth
  • Build and maintain long-term relationships with clients and identify possible business opportunities
  • Develop and present customized business proposals to each client
  • Collaborate with clients through social media, email, or in person
  • Coordinate with other departments to create materials that will support sales efforts
  • Research market trends, business opportunities, competition, and new clients and products
  • Ensure client satisfaction by delivering excellent service
  • Keep an accurate record of client data and sales activities
  • Assist in developing marketing and sales campaigns and strategies
  • Recruit and train new team members and equip them with technical and social skills
  • Negotiate with clients regarding contract terms, pricing, etc
  • Review clients’ feedback and ensure they are satisfied with the services provided
  • Identify ways to improve the company’s performance and offerings

Business Development Executive Requirements:

  • Bachelor’s degree in business, business administration, marketing, or communications
  • A Master’s degree in business administration is an advantage
  • Broad sales and management working experience
  • Strong commercial awareness and business acumen
  • Knowledge of sales principles and strategies
  • The ability to establish long-term relationships with clients and partners
  • Outstanding communication and leadership
  • Strategic mindset

Accounting Specialist Interview Questrions

Sample Interview Questions for a Business Development Executive

Once you gather up all the received applications, you can use these sample interview questions for Business Development Executive.

Personal
  1. What is your educational background?
  2. How did you choose your major in college?
  3. Is there any habit or trait that you would like to change about yourself?
Human Resources
  1. How experienced are you when it comes to business development?
  2. What new skills or strategies would you bring to this company if you get hired?
  3. Why do you believe you are the most suitable candidate for this position?
Management
  1. How would you convince a client that our product is better than the competition’s product?
  2. How do you go about evaluating a new market?
  3. What is your experience with CRM Software?
Technical Skills and Knowledge
  1. Considering your current knowledge of our company, what partnerships do you think would be beneficial for us?
  2. What are the most important things you should ask a client to understand their needs?
  3. What strategies would you implement to improve our company’s marketing and sales efforts?

What are the Educational Requirements for a Business Development Executive?

Common educational requirements for Business Development Executives include a Bachelor’s degree in business, business administration, marketing, communications, or a similar field.

Some employers prefer candidates with a higher educational level, such as a Master’s degree in business administration.

Previous working experience in business, sales, or marketing can be beneficial for prospective candidates, as well as internship programs or entry-level jobs.

Candidates can also prove their knowledge and competency through relevant certification programs, such as the Certified Business Development Professional or Certified Business Development Expert.

How Much to Pay a Business Development Executive when Hiring

Business Development Executives earn between $23,500 and $120,000 annually.

The median annual salary is $75,337.

Hourly rates range from $12 to $58.

The median hourly rate is $36.

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $12 $23 $36 $43 $58
Annual Wage $23,500 $48,500 $75,337 $89,500 $120,000

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Frequently Asked Questions about Business Development Executive

 

What is a Business Development Executive?

Business Development Executive is a professional responsible for overseeing business development processes in a company.

They build long-term relationships with clients, identify business opportunities, research market trends and new products, focus on business and revenue growth, and develop sales strategies and campaigns.

Who do Business Development Executives report to?

Business Development Executives typically report to the company’s CEO.

They work closely with CEOs to establish marketing and sales strategies, identify and execute business proposals, and support the overall company’s vision.

What are the educational requirements for Business Development Executives?

Business Development Executives need a Bachelor’s degree in business, business administration, marketing, communications, or a similar field.

They can also choose to pursue a Master’s degree in business administration or relevant business development certifications.

What are the essential skills for Business Development Executives?

Business Development Executives must have strong communication, collaboration, leadership, sales, marketing, and strategic skills.

Similar Job Descriptions as Business Development Executive

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