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Business Development Officer

Business Development Officer Job Description

Business development officers should have a minimum of 10 years of experience in the banking or financial services industry, along with a solid understanding of the needs of investors. They must be strong communicators and have a proven ability to reach new clients and generate business. Business development officers typically deal with several clients at a time and should possess top-notch sales skills. A bachelor’s degree in finance or business is required, and firms often give preference to candidates with a CFA.

Typical business development officer duties:

Bringing in new business for the institutionWorking with executives, management and other staff to create new opportunities for the firmAligning current clients with the best investment opportunities

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Salary for Business Development Officer
96750 - 146250
Low
96750
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
122500
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
146250
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Managing Director/Partner 179000 214750 256750 Vice President of Banking and Financial Markets 138750 170000 200750 Portfolio Manager 105750 128250 155750 Banking and Financial Markets Associate 90250 115000 128750 Banking and Financial Markets Analyst 60750 78500 90250 Banking Operations Specialist 41750 62000 89000 Commercial Lender 76250 92250 108750 Senior Credit Analyst 76500 94250 111500 Credit Analyst 59250 73000 84750 Entry-Level Credit Analyst 51000 62750 80000

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.