Business developers, also known as business development managers, work across industries in a variety of capacities, but they all share a certain skill set. These development specialists should be well versed in marketing, finance, legal knowledge, mergers and acquisitions, strategic management, sales experience, and proposal/capture management. Most business development managers are responsible for hiring instructors, conducting workshops, collaborating with the marketing department, performing analysis, and writing proposals. The specifics of the job varies from company to company, but having a solid understanding and several years' experience working with this skill set can translate well to a position in any industry. Business development positions start with a bachelor of science in business administration or a related field. This education prepares the graduate with small business and human resource management experience, cost accounting skills, and entrepreneurial finance. Most employers, however, require business development managers to have a master's in business of administration (MBA). This prepares the candidate for managerial communications and conflict resolution; it also gives them a competitive edge.


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