How to Become a Business Banking Development Officer

Step 1: Understand the job description and responsibilities of a Business Banking Development Officer

What does a Business Banking Development Officer do?

A Business Banking Development Officer develops banking strategies in order to sell products and services to prospective clients in the business community. Responsible for engaging with prospects and helping to close deals. Being a Business Banking Development Officer is responsible for developing, analyzing, and evaluating sales strategies and maintaining and expanding referral sources. Accountable for more complex or larger businesses objectives. Additionally, Business Banking Development Officer requires a bachelor's degree. Typically reports to a manager. The Business Banking Development Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Business Banking Development Officer typically requires 2 -4 years of related experience.

People's Opinions on Business Banking Development Officer responsibilities

The purpose of a business development officer according to the job description is to develop business is being able to identify and build a rapport with potential clients and to be able to close sales and contracts.

11/28/2019: Fort Smith, AR

They are responsible for developing the banking business for the particular bank they are employed by.

12/29/2019: Rock Island, IL

They have many duties in their effort to grow the bank’s business.

01/03/2020: South Bend, IN

Accounting •General math skills •Analyzing information •Management of profitability •Knowledge of business •Marketing strategy •Closing skills •Negotiation skills •Competitive analysis •Presentation skills •Corporate finance skills •Professionalism •Planning of sales •Financial skills.

02/17/2020: Des Moines, IA

Establish and achieve sales targets and promote various banking services to customers.

12/06/2019: Brockton, MA

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Step 2: Learn best tips to become a Business Banking Development Officer

Best tips for those who want to become a Business Banking Development Officer

Here are some tips to become a Business Banking Development Officer.

People's Opinions on best tips

Value the relationships the BDO brings to the role.

12/26/2019: Helena, MT

Give them rate flexibility — up to a point.

02/19/2020: Muskegon, MI

Use deposit BDOs in multiple roles.

02/19/2020: Reno, NV

Dedicate your deposit BDO’s efforts to a specific market segment.

01/19/2020: Santa Fe, NM

Use deposit BDOs to build visibility in your community.

02/16/2020: Long Beach, CA

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Step 3: View best colleges and universities for Business Banking Development Officer

Best colleges and universities for Business Banking Development Officer

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College

Step 4: Think about whether is it worth to be a Business Banking Development Officer

Is being a Business Banking Development Officer Worth it?

People's Opinions on lifestyles

As a Business Development Officer - Partners your primary function would be to maintain a balance between working with business partners and attending events to….

01/18/2020: Moline, IL

Coordinate communication between processing/underwriting and Business Development Officers with borrowers.

01/24/2020: Lompoc, CA

Aptitude to effectively build partnerships with internal stakeholders and external advisors to drive business development.

01/05/2020: Little Rock, AR

01/20/2020: Columbus, MS

A few important responsibilities of a business development officer are to acquire new customers, call on existing or prospective client in order to build new business, produce growth in income by selling business products and services, development of relationships with referral sources, identify and capitalize on opportunities.

02/05/2020: Lexington, KY

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Step 5: Prepare relevant skills for being a Business Banking Development Officer

What skills do you need to be a Business Banking Development Officer?

This is not a management position, but still requires important skills in order to fully execute the role. A keen understanding of the following is necessary for the role: Account Management, Business Banking Services, Cross-Selling, Customer Relationship Management (CRM), Customer Retention. Some of the more basic skills utilized in this role include: Banking Software, Customer Relationship Management (CRM) software. These skills are certainly important to the role, but keep in mind, fit into a company culture and environment is often just as important.

People's Opinions on Business Banking Development Officer skills

01/27/2020: Binghamton, NY

12/12/2019: Columbus, MS

All of these skills are essential to the success of the banking development officer.

01/28/2020: Boca Raton, FL

Correspondingly, this professional must maintain knowledge of industry trends, products, and technology; participate in community affairs; and broaden new business opportunities.

02/03/2020: Sarasota, FL

3-5 years experience as a compliance officer/analyst, compliance consultant, internal auditor, attorney or paralegal serving the financial services industry.

01/17/2020: Mesa, AZ

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Step 6: View average salary for Business Banking Development Officer

How much does a Business Banking Development Officer make?

The average salary range for a Business Banking Development Officer is from $84,071 to $112,318. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Business Banking Development Officer

$84,071 to $112,318