Business Development Training and Education Requirements

Business Development Training and Education Requirements

A college degree is necessary to land a job in the area of business development. Those with one or two-year stint in business strategic planning as well as sales and marketing have good chances of becoming BD professionals, because they have acquired a general concept of how the market behaves. An MBA degree will certainly facilitate the process of hiring, although it is not always required.
Companies often look on a candidate’s years of experience when seeking to hire a business development professional. A minimum of three years’ experience is required for those applying for managerial positions, while directors and vice presidents will require six or more years. Regardless of the position level, good written and oral communication skills are also non-negotiable for business development professionals, since much of their responsibilities involve engaging the market and industry players, not to mention formulate business strategic plans.