Business Development Officer in Long Island, NY

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 institution

Working with executives, management and other staff to create new opportunities for the firm

Aligning current clients with the best investment opportunities

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Salary for Business Development Officer in Long Island, NY

120938 - 182813

25th percentile

120938

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

153125

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

182813

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Managing Director/Partner – Banking and Financial Markets

222188

266875

318125

Vice President – Banking and Financial Markets

169375

208750

242813

Banking and Financial Markets Associate

112813

143750

160938

Banking and Financial Markets Analyst

75625

96563

110000

Portfolio Manager

131250

159688

194375

Banker

83750

102188

121875

Credit Analyst, 5+ Years’ Experience

94375

115000

136563

Credit Analyst, 3-5 Years’ Experience

73438

89375

103125

Credit Analyst, 1-3 Years’ Experience

63125

76875

98750

Commercial Lender

93125

112188

131563

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