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 in Red Bank, NJ
116100 -
175500
25th percentile
116100
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
147000
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
175500
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
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