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Salary and Benefits

Business Development Officer
$55K-$67K / yr. (est.)
$55K
$61,388 / year
$68K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Business Development Officer

What does a Business Development Officer do?

In the role of Business Development Officer, we develop and execute strategies to increase company sales and profits. We are responsible for creating sales strategies by analyzing the product portfolio, the offerings, the pricing strategy, and the policies of the company. We also assess customer feedback and data to understand how they use our products/services. Our focus is on finding new business opportunities and enhancing strategic business growth. We build and maintain relationships with stakeholders, including customers, shareholders, and investors. Working as Business Development Officers, we are generally part of the Business Development Team, and we recruit, train, and guide the team.

Core tasks:

  • elaborate business development strategies
  • conduct market research
  • identify and pursue new business opportunities
  • stakeholder management
  • customer relationship management

Insights

How Many Years of Experience Do Professionals Need Before Becoming Business Development Officer?
On average, people work 7+ years in other positions prior to becoming a Business Development Officer.
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Business Development OfficerMiami, FL - A year ago
No cap, but folks with years of experience in other positions may struggle to adapt to the dynamic nature of a BDO role where you need to think on your feet. 🤷
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Business Development OfficerSeattle, WA - A year ago
Yo, I totally get where you're coming from, but I think previous work experience can provide a solid foundation and diverse skill set that benefits a BDO. 🙌
How Long Do Business Development Officer Employees Typically Stay in Their Roles?
On average, Business Development Officers works in this position for 3-5 years across multiple employers.
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Sales RepresentativeChicago, IL - A year ago
Really? Three to five years? That sounds like a commitment issue.
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HR SpecialistNew York City, NY - A year ago
Yeah, well maybe if Business Development Officers weren't so quick to jump ship, employers would show greater appreciation!
What Is the Job Hopper Score for Business Development Officer Employees?
Moderate job changes in Business Development Officer, showing some career movement without excessive turnover.
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Marketing SpecialistAustin, TX - A year ago
This shows that you can gain diverse skills in marketing without constantly hopping from job to job. 😉
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HR ManagerMiami, FL - A year ago
Variety is the spice of life, but stability is key in managing people!

Career path

Path to job

Discover a Business Development Officer's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Business Development Officer typically studied at.
Arizona State University-Tempe
Indiana University-Bloomington

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Business Development Officer Employees?
Gender ratio in Business Development Officer position: 0.646245364647713 Male and 0.353754635352287 Female. Age ratio in Business Development Officer position: 16-20: 3%, 21-30: 48%, 31-40: 28%, 41-50: 14%, 51-60: 6%, 60+: 1%. Business Development Officer position is predominantly male (64.6%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Business Development OfficerSan Francisco, CA - A year ago
This gender and age disparity is disheartening. We need to address the systemic barriers that prevent equal representation in this field. 🚫
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Business Development OfficerNew York City, NY - A year ago
The majority of professionals in this role are young males, but that doesn't mean they are the only ones suited for it. Let's break these stereotypes! 💪

Workplaces

Who Are the Top Employers for Business Development Officer?
Top employers of Business Development Officer position: BB&T, PNC, Stewart Title. People who work in Business Development Officer position most typically go on to work for the BB&T.
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Business Development OfficerMiami, FL - A year ago
PNC offers better compensation, in my opinion.
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Business Development OfficerSeattle, WA - A year ago
I've heard great things about the company culture at Stewart Title.
BB&T
PNC
Stewart Title
What Industries Does Business Development Officer Typically Have Experience In?
Industry Background: The most typical industries of Business Development Officer: Finance & Insurance, Religious / Grantmaking / Civic, Professional / Scientific / Technical, Education, Public Administration. Business Development Officer employees most likely come from a Finance & Insurance industry background.
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Business Development OfficerHouston, TX - A year ago
🙄 Business Development Officer, seriously? Sounds like a made-up job for people who just want to wine and dine clients all day. Give me a break!
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Business Development OfficerMiami, FL - A year ago
Being a Business Development Officer in the education sector allows you to shape the future by forging partnerships and securing resources. It's challenging but rewarding, ya know!

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Discussion about Business Development Officer

Want to know more about Business Development Officer position?
Share your thoughts and ideas about Business Development Officer position with others in our community.
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How balanced is the gender diversity among people working as a Business Development Officer?
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Benjamin Gardner3 years ago
More men than women work as a Business Development Officer.
How old are people who work as a Business Development Officer?
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Benjamin Gardner3 years ago
People working as a Business Development Officer are 32 old on average.
Is a Business Development Officer considered to be a junior profession?
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Liam Brown3 years ago
You should work for 7 years on average to become a Business Development Officer.
What industries does a Business Development Officer typically work in?
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Isabella Holmes3 years ago
Finance & Insurance is the most frequent for a Business Development Officer.
Speaking of higher education, do I need a degree as a Business Development Officer?
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Benjamin Gardner3 years ago
As a Business Development Officer you’ll probably need Bachelor of Science degree
As a Business Development Officer, which company should I definitely check out for jobs?
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Liam Brown3 years ago
Most people work for BB&T, PNC, Stewart Title, UPS Capital and Wells Fargo
How many years do people spend as a Business Development Officer in their career path?
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Isabella Holmes3 years ago
On average people change after 4 years.
How frequently people change companies if they work as a Business Development Officer?
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Benjamin Gardner3 years ago
A typical Business Development Officer might work for one or two companies.
What work history do people usually have before becoming a Business Development Officer?
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Liam Brown3 years ago
A Business Development Officer probably worked as Branch Manager, Vice President or Account Executive before
What are the typical next steps for someone working as a Business Development Officer?
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Benjamin Gardner3 years ago
Consider the following: Vice President, Relationship Manager or Branch Manager
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