Business Development Executive
On this page
- What's it like to be a Business Development Executive?
- How to become a Business Development Executive
- Latest Business Development Executive jobs
- Top skills and experience for Business Development Executives
What's it like to be a Business Development Executive?
A Business Development Executive is mainly responsible for growing the business and finding more ways it can generate revenue. This includes identifying and bringing in new customers, clients, brands, and partners. Business Development Executives research and identify potential stakeholders who might be interested in the company's products or services or in expanding it to other markets. To do this, Business Development Executives often have to make presentations or meet with potential clients. They explain why the company's products or services are the best choice and why these prospective clients should choose to work with them. They may also negotiate deals and contracts to ensure the company and the clients are happy with the terms, and they are mutually beneficial.
Tasks and duties
- Identifying and researching potential customers or clients.
- Reaching out to potential clients and convincing them to work with the company.
- Making presentations and have meetings with prospective clients.
- Negotiating deals and contracts with clients.
- Building and maintaining relationships with other brands or collaborators.
- Collaborating with other businesses to create new products or services and expand into new markets.
- Attending industry events and networking with people who can be beneficial to the company.
- Staying updated on market trends and competition.
- Providing feedback and suggestions to improve the company's products, services, or strategies.
Business Development Executives also keep an eye on the market and competition. They research and analyze market trends to identify new opportunities or potential threats to the company's success. They provide feedback and suggestions to the company's management team on how to improve the company's products, services, or strategies.
How to become a Business Development Executive
While there is no required degree to become a Business Development Executive, employers may prefer hiring those with degrees in Business Administration, Business Management, Marketing, or other similar fields.
Obtain your Senior High School (SHS) diploma.
Graduate with a bachelor degree in Business Administration, Business Management, Marketing, Economics, or a related field.
Apply for an internship at a company with a business development department.
Get ready to upskill with a higher degree such as a Masters in Business Administration (MBA) in order to rise up the ranks.
