The profession of Business Developer
The Business Developer, also known as a business development specialist, plays a key role in a company's growth strategy. Their main mission is to identify new market opportunities and develop strategies to capitalize on them. This role requires a deep understanding of market dynamics, the ability to anticipate customer needs, and the ability to innovate in the product or service offering.
The Business Developer often works closely with marketing, sales, and product teams to ensure consistency and effectiveness in growth strategies.
Role and responsibilities of the Business Developer
The Business Developer is responsible for exploring and capitalizing on new business opportunities. They analyze market trends, identify unmet customer needs, and seek strategic partnerships that can benefit the company. Additionally, they play a crucial role in negotiating and implementing these partnerships, as well as in developing and launching new products or services.
Daily tasks
The missions of a Business Developer include:
- Analyzing the market to identify new opportunities
- Building relationships with potential partners
- Presenting and promoting the company's products/services
- Monitoring market trends and adjusting strategies accordingly
Salaries and career progression
A Business Developer at the beginning of their career can expect an annual gross salary of around €35,000 to €45,000. With experience, this salary can reach €60,000 to €80,000. Career advancement opportunities include roles in commercial management or corporate strategy.
Required skills
- Market analysis and synthesis skills
- Negotiation and communication skills
- Sense of innovation and creativity
- Ability to work in teams and networks
- Knowledge of marketing and commercial strategy
What studies are required to become a Business Developer ?
Studies in business, business management, or marketing are generally recommended. Mastery of sales techniques, negotiation, and a good understanding of the market are essential.
Training to Become a Business Developer at Dauphine
Université Paris-Dauphine-PSL offers programs tailored for becoming a Business Developer, including its Master’s in Management & Organizations, which offers several relevant specializations, such as the Master’s in Business Transformation and the Master’s in Business Consulting and Digital Organization. These programs provide the theoretical and practical skills necessary to excel in this profession.