1. What is the average salary of a Head of Business Development?
The average annual salary of Head of Business Development is $290,033.
In case you are finding an easy salary calculator,
the average hourly pay of Head of Business Development is $139;
the average weekly pay of Head of Business Development is $5,578;
the average monthly pay of Head of Business Development is $24,169.
2. Where can a Head of Business Development earn the most?
A Head of Business Development's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Head of Business Development earns the most in San Jose, CA, where the annual salary of a Head of Business Development is $365,813.
3. What is the highest pay for Head of Business Development?
The highest pay for Head of Business Development is $358,924.
4. What is the lowest pay for Head of Business Development?
The lowest pay for Head of Business Development is $228,536.
5. What are the responsibilities of Head of Business Development?
The Head of Business Development is responsible for developing new market initiatives, assessing new markets, and analyzing business opportunities. Plans and directs all aspects of an organization's business development policies, objectives, and initiatives. Being a Head of Business Development may also be accountable for licensing initiatives and programs; duties include negotiating contracts, initiating proposals, and closing deals. Conducts financial feasibility studies and develops proposals for new business opportunities. In addition, Head of Business Development requires a bachelor's degree. Typically reports to top management. The Head of Business Development manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head.
6. What are the skills of Head of Business Development
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
2.)
Sales Operations: Sales operations is a set of business activities and processes that help a sales organization run effectively, efficiently and in support of business strategies and objectives. Sales operations may also be referred to as sales, sales support or business operations. The set of sales operations activities vary from company to company but often include these five categories: Sales Force Enablement Sales Process Development Sales Process Adoption and Compliance Sales Development Sales Training Sales Force Communications ManagementBusiness Analytics Sales Metrics Sales ForecastingSales Administration Proposal/Contract Development Vendor Selection and Management Planning Process StewardshipAttainment Planning Incentive Sales Compensation Plan Design GTM Strategy Alignment with Roles and Components Territory Analysis and Definition Goal SettingSales Operations Mandate and Design
3.)
Sales and Marketing: Marketing consists of the strategies your company employs to generate interest in your business. Sales are the methods by which you convert that interest into a transaction.