The role of a business development executive (BDE), is crucial in the company’s growth. A BDE is responsible for promoting the company’s product or service segment. In some organizations, business development executives may also be called sales executives. Below is a career guide for business development executives who want to make a career out of it. You can follow George Scorsis Florida for better development of your business.
A list of duties for a business development executive.
1) You would be expected to interact frequently with potential clients in order to establish new business relationships as a BDE.
2) Market analysis is the responsibility of executives. These market reports would help to formulate business strategies.
Education and qualifications
It doesn’t matter what stream you graduated from, as students can apply for any job. Top-notch companies will prefer candidates who speak two or more languages. This is a job that requires soft skills more than academic qualifications.
A business-related degree will give you valuable experience in finance and management. It is essential to have a solid technical background and some sales experience if you are looking to work in a technical business.
Some crucial skills
1) Business knowledge that is exceptional
2) Good communication skills
4) Negotiable skills
5) Team player
6) Analytical abilities
Job description for business development executives
There will be an increase in BDE jobs in the near future, particularly in rapidly developing areas like pharma and online commerce. There will be a great demand for business development executives to help companies expand their online businesses as more companies compete for online space.
A typical salary structure for a business development executive will include basic pay and commission. A BDE’s basic salary can range from Rs 2 to 3 lakh per annum. You will be eligible for commissions and other incentives if you reach the target.