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What is a senior business development manager and how to become one
A senior business development manager identifies and pursues business opportunities that generate growth and revenue. They build relationships with clients, partners, and stakeholders, and develop strategies to expand the company's market share. A senior business development manager conducts market research, analyzes data, and makes recommendations for new products or services. They also negotiate contracts and collaborate with other departments. A senior business development manager drives business growth by seeking new opportunities and maintaining relationships.
What general advice would you give to a Senior Business Development Manager?
Annemarie Franczyk
Associate Professor, Buffalo State College
Avg. Salary $129,638
Avg. Salary $59,228
Growth Rate 10%
Growth Rate 0.3%
American Indian and Alaska Native 0.23%
Asian 8.15%
Black or African American 3.04%
Hispanic or Latino 8.67%
Unknown 5.32%
White 74.58%
Genderfemale 25.15%
male 74.85%
Age - 38American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 38Stress level is high
7.1 - high
Complexity Level is advanced
7 - challenging
Work Life balance is poor
6.4 - fair
What are the pros and cons of being a Senior Business Development Manager?
Pros
High earning potential
Opportunities for career advancement
Exposure to global markets and international business
Variety of roles available in different industries
Potential for travel and international assignments
Cons
Long working hours, including evenings and weekends
High levels of competition for jobs and promotions
Often required to work on multiple projects simultaneously
Risk of burnout due to high workload and demanding deadlines
Need to maintain a high level of professionalism at all times
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Senior Business Development Manager career paths
Key steps to become a senior business development manager
Explore senior business development manager education requirements
Start to develop specific senior business development manager skills
Skills 
Percentages Healthcare 7.09% Cloud 5.43% Business Relationships 5.24% Account Management 5.14% Project Management 4.09% Complete relevant senior business development manager training and internships
Accountants spend an average of 1-3 months on post-employment, on-the-job training. New senior business development managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a senior business development manager based on U.S. Bureau of Labor Statistics data and data from real senior business development manager resumes.Research senior business development manager duties and responsibilities
- Manage the distributor/end user relationship in all accounts maintaining focus on emerging healthcare segments.
- Lead and manage large RFP responses to ensure corporate objectives for profitability, sustainability, and operational delivery objectives are meet.
- Develop trusting, lucrative business relationships with key decision makers as a proponent of healthcare technology integration initiatives.
- Execute first lighting IP agreement with Lumenetix.
Get senior business development manager experience
Generally, it takes 8-10 years to become a senior business development manager. The most common roles before becoming a senior business development manager include business development manager, account executive team lead and account manager.Prepare your senior business development manager resume
When your background is strong enough, you can start writing your senior business development manager resume.
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Apply for senior business development manager jobs
Now it's time to start searching for a senior business development manager job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
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Average senior business development manager salary
The average Senior Business Development Manager salary in the United States is $129,638 per year or $62 per hour. Senior business development manager salaries range between $94,000 and $178,000 per year.
What Am I Worth?
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Senior Business Development Manager reviews
Rule of thumb with international travel is be ready for serious jet-lag!
rule of thumb with international travel is to have jet-lag non-stop!
Juggling multiple tasks and projects was always a constant struggle. I also felt very frustrated at times working with third party vendors and consultants remotely.
Innovating a business model is key for a profitable business and growth. Without a proper and sustainable business model, even the best product or technology innovations will not flourish. Learn the skills and knowledge needed to start improving your business as you learn through real-life examples from fellow entrepreneurs, innovators and leading experts on business model innovation. Benefit business owners, entrepreneurs, business consultants or business developers who seek better understanding of business models and the tools to develop them.
There's nothing much not to like about this role.
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Updated January 8, 2025
