Business Development Analyst Job Description

By | May 30, 2011

Business development analyst job profile and description

Business development analyst plays an important role in formulating plans and strategies for the growth and development of a company. He takes an active part in the decision making of the company regarding investments and expansion of the company.

Business development analyst duties and responsibilities

A business development analyst is an important member of the company who is largely responsible for shaping the future developments of a company. The duties and responsibilities of a business development analyst are:

  • Gathering all the information about the company from various sources
  • Studying the available resources in the company and evaluating their resourceful in development of the company
  • Studying the trends of the market and developing plans based on the current market scenario
  • Working closely with the product development department of the company in order to develop business models
  • Working with the sales and marketing department to plan and implement the right sales and marketing techniques
  • Identifying prospective clients in the market increasing the customer base
  • Creating communication models
  • Ensuring that the company gets a good return on its investment

Business development analyst skills and specifications

The skills and specifications of a business development analyst are:

  • Keen observation skills in order to identify the strengths and weaknesses of the company and develop plans accordingly
  • Creativity and innovative thinking in order to develop new business plans
  • Excellent analytic and logical thinking power
  • Excellent decision making
  • Excellent communications skills
  • A good knowledge about the market scenario and the ability to adapt business models accordingly

Business development analyst education and qualification

The education and qualifications of a business development analyst are:

  • A bachelor’s degree in business administration

Business development analysts salary

The salary of a business development analyst ranges between $30,000 and $50,000 per annum.